Does a home gym add value to your property? In recent years, the concept of a home gym has grown massively in popularity. More and more people are seeing the benefits of working out from home as opposed to paying for a gym membership, avoiding the admin and travel associated with going to an actual gym.
There are levels to which you can kit out your home fitness room and, if executed well, a home fitness room can add value to your property. This piece details how you might invest in your home fitness space to increase your home’s value.
Does a Home Gym Add Value: Understanding Perceived Value
Adding a home fitness room to your property can increase its perceived value to prospective buyers, but it won’t necessarily make your home sell for a higher price automatically. So, when it comes to selling your home, buyers will see what you’ve done with the room and consider this an attractive feature of the home, rather than a setback that requires renovation.
If you sell via a traditional estate agent, photography and viewings will play a big part in the ability to sell your home, so ensuring it is aesthetic and functional to the human eye will be important. Nowadays, you can also sell via online estate agents, which helps to secure a sale faster than the majority of traditional agents. They will organize photography and viewings for you also, so creating a picturesque home gym may increase the perceived value of your home to buyers when you sell your property through a company like Sold online estate agents.
How to Create Perceived Value for Prospective Buyers
There are some key steps to consider when adding value to your home through a home fitness room. You will want to make sure that it’s clearly meant to be used as a gym to appeal to this target audience, so layering the floor with exercise mats is a quick way to create this perception. Similarly, you should kit it out with all the essentials. Depending on your budget, this might include a cardio machine like a treadmill or cross-trainer which you can buy from a retailer like Decathlon. Consider also a basic set of dumbbells/barbells and a fitness tower for benching, squatting and callisthenic exercises like pull-ups.
Clearly separating this room from the rest of the house will be important for buyers to perceive the suite as valuable, as workout equipment can be unsightly, overpower a space and remove the homely feel from the rest of the property.
As perceived value will come from a buyer’s view of the room, you need to set up the room in a way that considers its feng shui, blending seamlessly into the home without appearing out of place. A guide to feng shui in your home gym can be found on Wod Tools website.
While a home gym might not directly add figures to your property price, creating a vision that fitness-loving home seekers can buy into will make them more inclined to pay a higher price for your home. The key is to construct your home gym in a way that is perceived as valuable to prospective buyers, rather than a setback.
