Can A Custom Mural Help Increase Your Home Value? Here's What We Know
Commissioning a custom mural in your home is no small undertaking. Depending on the size and complexity of the project, a new mural could cost homeowners several thousand dollars. That investment may be worth it for your family, but what about short-term investments that you plan to sell in a few years? It's not uncommon to purchase a home with the intent to sell later, but does that mean you should hold off on expensive projects to save your home value? Not necessarily.
When done correctly, custom murals have the potential to not only increase your home's value but also speed up the selling process. In fact, research shows that properties in proximity to city murals can increase in value by up to 20%. However, avoiding major mistakes that can actually turn potential buyers away from the home is essential for a successful return on investment. Still, designing the perfect mural in your home may be easier than you think. A custom mural is a great way to attract a certain kind of buyer, show off the potential of the space, and bring personality into the house that resonates with homeowners.
How to curate a custom mural to increase home value
Designers love using custom murals to bring an artistic touch to the home. If you plan to sell in the future, curate a mural that works for your family, fits the space, and will attract future homebuyers. Start by evaluating your space and your design goals to achieve a balance that works in your home and increases property value. As you plan your mural, consider the type of buyer you want to attract. Is your home best suited for students, professionals, or families? As you narrow down your design choices, consider what styles would resonate with your target and talk with your designer or real estate agent before committing.
Look for designs that utilize timeless artistic elements that have been proven to stand the test of time, especially with your chosen audience. Nature-inspired murals are never out of style, and they can really help to open up a room. Not only does the mural itself create a focal point for the room, but the natural elements create movement and harmony (when done well). Unique art is another great choice, but you will want to be careful to stick to well-received artistic movements rather than obscure concepts. Depending on the target buyers, you may want to consider hiring an artist with a reputation to paint the murals.
It's also a good idea to carry the theme from the mural into the rest of the home. You can even incorporate several murals, color palettes, or materials that help tell a story in each room. Plus, walls aren't the only place you can put murals that homebuyers will love. Modern homeowners are over popcorn ceilings and turning their attention to hand-painted ceiling murals to add elegance and open up the space.
Design mistakes that turn custom murals from masterpieces to money pits
While it is true that adding a custom mural to your home could increase your home's value, without intentional and tasteful design, the whole thing could be a flop. If you are in your forever home, there are no limitations to your creative license. But if you plan to resell, there are some things that could end up hurting your efforts instead of helping. The most important thing to avoid is ignoring the potential for reselling. Don't work off of assumptions when defining your target market. Do your research on the housing market or talk to a real estate agent to determine who your potential buyers are.
One of the benefits of creating custom murals is the ability to personalize the space. However, if you make it too personal, you will be left with a painting that only you would want in your home. Avoid choosing a mural design that is overly specific or personal to you. Custom murals are an investment. As such, it is important to take the time to thoroughly research the designers or artists you hire for your project. Choosing an artist with a bad reputation or someone who delivers poor-quality work can instantly ruin your property value and damage your profits.