Why Are Designs Important for Real Estate?
The U.S. housing market has gone through a significant shift. While the government is making all the attempts to handle inflation with high-interest rates, housing market prices are in a flux. The real estate industry saw the fastest appreciation during the pandemic, and it can be safely said that prices will continue to rise.
The constraints of demand and supply will push the prices higher but the rising interest rates will have an impact on mortgage applications. The market will grow but at a slower pace than it is accustomed to.
When people make buying decisions, they use their eyes first and the home design is what catches the most attention. For many, it has become a priority while for others, it is nice to have. In this article, we understand the importance of design in real estate from the buyer’s perspective.
Photo by Kenny Eliason
Importance of Good Design in Real Estate
The design has been used as a buzzword by salespeople when trying to sell a product or service. But when it comes to a building, design is a lot more than just that.
Any property you are keen to invest in should be well-built and this not only means it should be well-structured, but it should have quality ventilation, high ceilings, access to natural light, and all the safety features.
Looking into a property’s ventilation is important as it can affect the design in the long run. Ventilation will reduce the amount of condensation in the property which will reduce the risk of having mold growth, which is unsightly and a risk to health.
Natural light within a property will not only impact a buyer’s mood on a day-to-day basis but it will also change how spacious the rooms look. Poorly lit rooms, due to a lack of natural light have the potential of looking much smaller than they are. Meanwhile property with a lot of naturally occurring light appear spacious and it can enhance the interiors materials.
Buyers want a transformative experience and there is high enthusiasm for investing in great home spaces. Today, design is a top differentiator for buyers, and they are keen on paying a little more if the design has an impact on their lifestyle.
Good design will lead to better economic benefits to both parties. Brokers and agents can also make the most of commercial real estate prospecting database to get insights about the buyers’ preferences and connect with them. It saves time and makes the job much easier for those looking to enter the real estate industry.
A well-designed property will make the most of the available space, the rooms will be more spacious, and it will have features like modular kitchens, alfresco patios, and lush landscaping.
The design also has a role to play in property valuation and property with a good design will sell for more. In the past, buyers only cared about functionality, but it has changed today. Aesthetics play a huge part in our lives and good design lies in the details. It could be pillar-less layouts, high ceilings, and well-ventilated open plans that have become important features of a well-designed property.
Things to Look For in a Property
Homeowners are looking at properties that have all the modern features and a place that blends space and design well. Besides looking at the location, neighborhood, size, and curb appeal, there are a few things you must look for in the property with regard to its design.
These include:
The flow of natural light in the home
The convenient flow of internal space
Windows
Visually engaging forms in internal as well as external designs
A well-chosen palette of materials throughout
High ceilings
A curated range of fittings and fixtures.
Lighting, waste management, and electricity.
Neighborhood, however, is something to keep in mind though. A property’s value can alter depending on the environment around it. Check for cleanliness within the area around the property; make sure that no empty plots of land close by are used as waste disposal areas for locals, as this will decrease the value of the property.
You might have to pay on the higher side for an ideal home design, but it will also add comfort and luxury to your life. If you intend to sell the home in the future, the impressive design will get you higher rates in the market.
The Bottom Line
Real estate is transforming to meet the changing demands of buyers and the transitions in design show how buyers are looking for aesthetics over functionality. However, this by no means proves that functionality can be compromised. With changing times, buyers have started laying more importance on design and it is here to stay.
Design will continue to come first and will create a lasting impression on the minds of the buyers. Good design can be a game changer in the industry and can certainly make sites shine.
Author: Nowak Sam
