The interior design trends which could help to boost the value of your property by thousands has been revealed in a new study — and the much-loved Scandinavian style has taken the winning spot.
Mortgage comparison website, Bankrate, entered the biggest interior design styles into Zoopla’s property search tool to calculate average house prices in England for each style, and uncover how much each one could add to the value of a home.
While Scandi style unsurprisingly came out on top (it was also named the top interior trend for 2020), other trends in the top 10 include farmhouse, rustic, vintage and bohemian.
“With the UK housing market beginning to reopen for business, buying and selling a home has hit the headlines across the world,” explains Bankrate. “With so many properties coming back onto the market, there has never been a better time to give your home a ‘glow up’. But rather than expensive overhauls, does adding a splash of paint and updating your furniture add any value? And do some interior design styles add more value than others?”
Looking to boost the value of your home without a complete refurb? Take a look at the interior design trends below:
1. Scandinavian (£340,224)
It’s no surprise that Scandinavian style took the top spot, with this trend boosting the value of homes by around £340,224.
The team advise: “To add more value to your home, declutter rooms and add splashes of white with warm textures as a hygge nod towards Scandinavian styling.”
2. Farmhouse (£289,543)
Traditional farmhouse decor is on the up, with post-lockdown searches increasing by 50 per cent. From rustic wooden beams to cosy fireplaces, it seems this interior trend can also help to boost the value of a home, too. In fact, their research found that, on average, farmhouse-style properties can boost the overall value by £289,543.
“Those with a love of the countryside will be happy to discover that this home design is the second most lucrative style.”
3. Rustic (£285,097)
Rustic-style homes are also worth considering if you’re looking to boost the value of your abode before selling. “Re-using old furniture, keeping weathered wood and adding some cosy, hand-stitched materials will emphasise rustic’s ‘home is where the heart is’ feel.”
4. Bohemian (£283,819)
Bohemian style might not harbour as much interest when compared to other trends, however the quirky style could add an additional £283,819 to the value of your home, according to the study. Are you a fan of this unique look?
5. Vintage (£273,973)
This much-loved trend could boost the value of a home by £273,973, so it’s definitely one to consider if you’re planning to redecorate.
6. Contemporary (£269,292)
Seriously smart modern homes can help to boost the value of a home by a staggering £269,292, so it’s certainly worth keeping an eye open for contemporary furnishings, accessories and schemes you can adopt in your own home — particularly if you’re looking to attract buyers anytime soon.
7. Mid-century modern (£238,539)
A growing trend over the last few years, the timeless mid-century modern style can also add a further £238,539 to the potential value of your home.
8. Minimalist (£220,594)
While the minimalist trend came further down in the list, it can still add an additional £220,594 to the value of a home. Think clean, clutter-free spaces.
9. Industrial (£165,079)
Although industrial took the ninth spot, the team at Bankrate say it’s certainly an interior trend to have on your radar: “Over the last few years, industrial design has established itself as a popular contender in home décor. Many homeowners looked to showcase the nation’s industrial history by adding brickwork, exposed metal structuring and mechanical details.”
10. Traditional (£115,243)
Last but not least is traditional interiors, which can add a lovely sum to the value of your home: “Whilst in 10th position, decorating your house in a traditional style could still add a whopping £115,243 to its value.”