The interior design trends which could help to boost the value of your property 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 most popular interior design trends below:
1. Scandinavian (£340,224)
It’s no surprise that Scandinavian style took the top spot. After Bankrate analysed all houses for sale on Zoopla, including ‘Scandinavian’ in the description, the average price listed was a luxurious £572,079 property; that’s £340,224 higher than the UK’s current average house price (which is £231,855 according to the Land Registry’s UK House Price Index).
‘To add more value to your home, declutter rooms and add splashes of white with warm textures as a hygge nod towards Scandinavian styling,’ the team advise.
2. Farmhouse (£289,543)
Traditional farmhouse decor is on the up, from rustic wooden beams to cosy fireplaces, with post-lockdown searches increasing by 50 per cent. With an average price of £521,398, farmhouse-style properties are worth £289,543 more than the UK average.
‘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, with an average of £516,952, it’s £285,097 above the UK average.
‘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, according to Bankrate, it’s £283,819 above the UK average.
5. Vintage (£273,973)
This much-loved vintage trend could boost the value of a home by £273,973 (compared to the UK average), so it’s definitely one to consider if you’re planning to redecorate.
6. Contemporary (£269,292)
Seriously smart modern homes can potentially help to boost the value of a home by as much as £269,292 compared to the UK average, 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 comes further down in the list, homes with this pared-back design are likely to sell for £220,594 more than the average UK property. 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.’
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