Interior decorating has become a multi-billion dollar industry in the United States. In fact, American consumers spent $98.23 billion at furniture stores, and global sales for interior design, including furniture and floor coverings, are forecasted to reach $695 billion by 2019. Like any flourishing market, furniture sales, in particular, require an educated consumer in order to understand how to best maximize spending power. Those in the market for a home remodel or interior redesign should be aware that investing in contemporary, modern furniture will get them the best bang for their buck. Be sure to consider these three advantages of modern furniture before heading to the furniture store.
Enhances Your Home’s Attractiveness to Potential Buyers
Whether you’re currently selling your house or looking to prepare for the future, setting your home up with a contemporary interior design is far more likely to get the attention of prospective buyers. Over half of those looking to buy are willing to pay more for modern, stylistic elements like hardwood floors. Pairing this with contemporary detailing and new, modern furniture is sure to draw more interest. According to Houzz, more than half of homeowners renovated their homes in 2014, meaning the more updated the better.
Increases Your ROI
Purchasing more up-to-date, modern furniture versus an older, cheaper alternative greatly increases the return on your investment. As consumers know, furniture is no small purchase. In fact, after a house or car, furniture is the third most expensive thing a person can buy. This is why choosing a more contemporary piece can be so important. The average sofa has a lifespan of seven to 15 years. Buying a newer, more modern sofa, though initially more expensive, allows you to maximize this time span. Plus, newer, more modern furniture often includes greener technologies and features, opening up the potential for substantial savings through energy efficiency.
Keeps You Ahead of The Trend
Regardless of your motivation, those concerned with keeping up with modern trends in interior decorating greatly benefit from investing in more modern furniture. Almost half of Americans haven’t updated their home decor in the last five years, while nine percent haven’t done so in more than 10 years. In order to avoid this and stay on the cutting edge, deciding to purchase more contemporary furnishings is essential.
Whether you’re an interior designer or just considering a home remodel, choosing modern furniture over the cheaper option is key. Regardless of your style, these contemporary, updated pieces allow for a more appealing look to prospective buyers, a greater ROI and an overall more up-to-date look.
