How a home office can help a house sell faster, 4 reasons to renovate that spare room, homeowner tips
How a Home Office can Help a House Sell Faster
15 December 2023
Whether you’re planning on selling your house or just thinking about future prospects, it’s worth considering the potential benefits of converting that spare room into a home office.
Let’s look into a few compelling reasons why this seemingly small change could have a big impact on your sales experience, from increasing the asking price to showcasing the flexibility of your property.
Boosting Property Value with a Home Office
One of the key reasons to consider transforming your spare room into a home office is because it can significantly boost your property’s value.
When potential buyers are assessing homes, they’re often looking for features that add convenience and functionality. A dedicated workspace fits perfectly into this category, adding tangible value by providing space for productivity and focus away from other household distractions.
Especially in today’s market with many people remote working or running businesses from home, an equipped workplace can make your house stand out among others.
Beyond just aesthetic appeal, this functional improvement can translate directly into a higher valuation for you as the seller.
Facilitating Versatility in Your Living Space
An adaptable home is a huge asset, and this is exactly what you achieve by renovating that extra room into a home office.
Recognize it or not, the need for versatile spaces within homes has grown exponentially over the years. A well-designed space can morph from a functional workspace during the day to a quiet reading nook at night, or even be used as guest accommodation when needed.
This versatility opens up possibilities for buyers who may have different needs: families navigating work-from-home routines, self-employed entrepreneurs requiring dedicated workspace, or parents needing an organized area for managing household bills and paperwork.
As they step into your house with its smartly converted office space, potential buyers are immediately shown how easily their unique needs could be met in your versatile property. And if they’re using a platform like PrimeStreet to look for houses, people will be filtering based on home office availability, so this will be key to getting them through the door in the first place.
Impressing Potential Buyers: The Wow Factor
Having a furnished home office can give your house the ‘wow factor’ buyers often look for. Well-executed renovations seldom go unnoticed, and an impressive home office is no exception.
When people walk into your property and see a room that’s set up as an organized, inviting workspace, it’s likely to leave a lasting impression. Not only does this show thoughtful use of space but also mirrors modern lifestyle needs eloquently.
This could be the distinctive feature that makes potential buyers remember your property long after they’ve left. And if the decision hangs between two similar properties, this additional convenience might tip the scales in your favor, helping you sell faster at perhaps an even better price.
The Return on Investment of Renovation
Renovating your spare room into a home office can deliver noteworthy return on investment (ROI). The financial benefits from this relatively minor renovation when selling the house could be considerable.
Many industry studies suggest that home offices significantly increase overall property value, and this trend is set to continue as more people embrace flexible working arrangements, as mentioned
Moreover, creating a home office means making improvements like installing insulation or upgraded lighting. These functional upgrades are also known to boost ROI significantly, so long as you manage your budget carefully.
While there might be an upfront cost involved in remodeling the room, you can confidently expect to recoup much of it upon sale, or perhaps even make a profit.
Essentially, if you have the opportunity to turn a spare room into a home office, you should take it. It will increase your property’s value, enhance its appeal and get more people interested when you list it, so there’s no reason to hold back.
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