At the beginning of 2023, the total value of interior design activities peaked at an impressive £1.5 billion, according to IBISWorld.
This should come as no surprise given the importance of interior design, whether you want to maximise the interior space in your home and optimise a property’s layout or increase the value of your house before listing it for sale.
The latter point is particularly important, which is often why homeowners may apply for secured loans against the value of their house to invest in subsequent modifications. But what are the primary interior design trends that can increase the value of your home (or other properties) in 2023?
#1. Consider Minimalism and Mid-Century Modern Style
In general terms, Service Star Realty has observed that properties with clean interior lines and an emphasis on minimalism tend to sell for much more than busier and more cluttered layouts.
To provide some context, this style of the property boasts an average list price of £330,000, whereas the average home across the length and breadth of the UK was just £296,000 in October 2022.
This style also focuses on the use of organic shapes. Typically, such shapes take inspiration from nature, with the growing influence of the great outdoors as a seminal design trend also reflected by fittings such as feature walls.
These shapes aren’t restricted by structure or sharp angles, either, so they can add a unique design element and help to catch the attention of buyers when they visit your house.
#2. The Scandinavian Trend
Most of you will not only be familiar with IKEA, but you’ll most likely have at least some of the brand’s trademark flat-pack furniture in your home.
Interestingly, this furniture is part of a simple and minimalist Scandinavian interior design style, which also focuses heavily on the use of different textures and soft hues to create genuinely warm and multisensory homes.
Incredibly, the average property price when deploying this style is £425,000, with this also significantly higher than the typical cost of buying a home. This increase in value is especially pronounced in Liverpool, where Scandinavian-style properties sell for approximately £162,162 more than their rivals.
The key to this style is simplicity and optimising interior space, with this a crucial trend that has impacted homeowners for many years now.
#3. Bohemian Style
At the other end of the spectrum is the Bohemian style, which is relatively busy and places a heavy emphasis on patterns, textures and bold colour contrasts.
This is also considerably less reliable on minimalism than the other design trends on this list, while it eschews clean lines and a strict structure for a much more creative and fluid space.
It’s also personal, relaxed and ideal for buyers with a similar outlook, perhaps young professionals or young families. While it’s usually a style you adopt for your own home rather than when preparing a house for sale, it can add around £76,320 to the value of a property when compared to others in the surrounding area.
Unsurprisingly, the value increase is most obvious in London. More specifically, the average house price in the capital is £498,223, but Bohemian-style homes are usually high-end and listed for an incredible £1,690,000!