Understanding how to add value to your home is crucial. Having a spare room doesn’t just add value, it can also present you with endless ways to utilise your spaces and build a cosier home.

A versatile spare room that doubles as something else can spark market interest when it comes time to sell or rent, if done in the right way. As buyers walk through your spare room and imagine themselves living there, your home becomes more appealing – which makes them far more likely to make a purchase.

That’s why converting your spare room can effortlessly add value to your home. The best part? It doesn’t have to cost a fortune. Here are our top ideas on converting your spare room to add value to your home.

Create a Home Office

Working from home has become increasingly common, especially during the ongoing pandemic. Luckily, you can create a value-adding home office space on a budget.

Simply choose a durable and easily-removable work desk, a bright lamp, and add some splashes of greenery to encourage productivity. Adding a bookshelf can also be a versatile way to store items. If your home is being displayed to potential buyers, files and documents can be stowed away in closed shelving to reduce clutter. While open shelving can display wall art, ornaments and small pot plants.

Adding a little office sanctuary is the perfect way to add value to your home. Plus, it will actually inspire you to get work done!

Build a Home Gym

Turning your spare room into a home gym is another great way to add value to your home. While this process may seem a little expensive, you can start with a couple of pieces of equipment and expand on it as you go. The key here is to buy a few staple items to cement the ‘look’ of a gym.

An adjustable bench is perhaps the most important piece of any home gym. With most benches costing under $100, you don’t have to splurge.

Other affordable equipment that can conveniently be packed and stored away include yoga mats, light dumbbells and an exercise ball, which can double as a desk chair to help with your posture and spine alignment.

You don’t need to purchase an expensive treadmill; the secret is to create the atmosphere of a gym without actually buying all the equipment.

Create an Arts Studio

Turn your spare room into a space where painting, dancing and singing can be facilitated, all within the comforting space of your home. Pique the interest of potential buyers by playing to their artistic side through the careful selection of a few inspirational items.

Choose inspiring wall art by your favourite artist, an easel, musical equipment or a microphone stand to inspire you. Hang any artistic creations or awards on the walls or pop them on a floating shelf to motivate you.

Transform Your Room into a Library

Add a touch of class and sophistication to your home by turning your spare room into a mini-library or reading room. Again, this can be cost-effective; simply place any book stands, books, magazines and newspapers strategically in your spare room to create a usable, relaxing space.

Otherwise, you can also fill your mini-library up with cheap books from a second-hand book seller like Book Depository. Inexpensive antiques, candles, plants and other decorative ornaments can also help to inspire the mood for reading. A comfortable sofa or day bed can top off the look and show potential buyers how versatile the room can be.

Impress your guests with simple, convenient ways of converting your spare room to spur new market interest and incentivise buyers to purchase or rent your home.

Versatility and affordability are essential when decorating your spare room and transforming it into a new space. That way, you can add value to your home while minimising costs!

To find out more about how to add value to your home, contact our expert team or visit our blog to read more renovating and styling blogs.

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Tolga Ozer, Principal & LREA

Hyde Park’s most highly acclaimed property expert, achieving record-breaking outcomes for owners and investors. Having become the most sought-after agency for Sydney’s inner suburbs and CBD, my team and I take pride in our ability to deliver outstanding results.

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