We know, it is hard to believe that furniture can increase the price of your property, but it can! In fact, we’ve seen increases of up to 20% in the final price a property can sell for on auction day.
How does it work? Well, we’re glad you asked! Here are our 5 ways to increase the price of your property with furnishings.
1. Create an aspirational living scenario
Stylish and well place furniture will show your property off in its best light but most importantly it will create an aspirational living scenario for your buyers. That means that buyers can imagine themselves living in the space.
2. Remove distractions from the property
Personal items and bulky furniture can distract buyers from attending your open homes. As we said earlier, to win over a buyer it is key to ensure that they can imagine how they or a potential tenant can live in the space. Pet items, personal photographs or art, day to day items (keys, paperwork etc.) are all distracting items which will deter buyers.
3. Demonstrate space and function
Placing the right furniture in a property will showcase it in the best possible way. For example, you may have a bulky modular sofa which is cosy for those cold nights curling up on the couch, but to buyers may make your living room feel small and cramped. A two- or three-seater structured sofa instead could be a great solution to add visual square meters to your space and make the room appear bigger to buyers.
4. Make use of dead space
Unused spaces in your home can be a great source of value add. The key is making the placement purposeful and to create usable spaces inside the property without reducing circulation space or interrupting the flow of the home. This is something that a professional property stylist will look for when they come to quote the property. Some great examples of these types of value-add spaces are ‘work from home’ /study nooks or reading corners which have been in high demand since the pandemic began.
5. Create a standout online presence
When it comes to selling your property, marketing is one of the most important elements of your campaign, in particular your online photos will make all the difference to the number of buyers that come to your open homes. Furnishing your property with on trend, quality and attractive furniture will make your photos pop and your listing look more attractive, especially in a market where there are higher levels of stock to compete with and more choice for buyers.
So, there you have it, five ways that furnishings can increase the value of your home when it comes time to sell it! And let’s face it whether it’s a higher sale price or a faster, more convenient sale we always want to see great results.