An empty room can add value to your home. It’s too good to be true? In this case, it really isn’t, as one real estate expert told us.
Most sellers who want to take advantage of a vibrant real estate market are looking for features to add to their home that will make it more attractive to buyers. And yet, it turns out that you don’t always have to do something special or expensive for a room in your property for it to add value – you just need to make sure the room has a specific potential.
An empty room can add value to a house – here’s how
We spoke to Volodymyr Barabakh, co-founder and project manager of real estate company Fortress Home. As Volodymyr explains, you don’t always have to add a lot to every room in your home to attract buyers who are willing to pay more. In particular, he points out that while many sellers are aware of the popularity of home offices during the pandemic, what buyers want is not a fully finished home office, but the possibility to transform a room into one. He said, “As remote working will now become a regular arrangement for many Americans, there is still a huge demand for homes with spare rooms that can eventually become a home office.”
Due to the lack of certainty about the future, most buyers would like to have options. “These parts are more likely to be used for additional storage space when
they are not used for work, ”explains Volodymyr. When buyers decide to convert a storage room to a home office, they will bring their own home office ideas to it.
However, for a room to have this potential, it must have the following key elements:
- A window facing North or East (to let in the light in the morning)
- Enough space for home office furniture – a desk, chair and bookcase at a minimum
- At least 3 power outlets
- Sufficient distance from noisy rooms such as living rooms and children’s bedrooms
Leaving a part with all of these characteristics empty and ready for use, regardless of the choice of the new owner, will give you very good rewards, says Volodymyr: “If you have a spare or a service part that has these characteristics , this can add an additional $ 2,000. to the sale value of your home, especially if you live in an area popular with young professionals. ‘
Considering that the effort on your part is limited to decluttering and maybe repainting, if the room needs it, this is a substantial return on close to zero expense.