Does an open floor plan add value?

The study found that homes with open floor plans appreciate 7.4 percent a year. Other value-boosting home features include an outdoor patio, hardwood floors, and a fireplace. Modern and contemporary-style homes also do better than older, more traditional architecture.

Does open-plan living add value?

Holly said: “Creating an open-plan living area can increase your value by up to as much as 15 per cent when done well and will almost always encourage potential viewers to make an offer on the property.”

Does open concept increase value?

The Benefits of an Open Floor Plan

Make spaces appear larger – Especially good for smaller homes, open concept floor plans can make small areas feel much larger than they actually are. … Increase resale value – Open floor plans are very popular and having one can boost the value of your home when it comes time to sell.

Are open concept floor plans still popular?

It remains the best way to maximize square footage, especially in urban areas, adds Ricardo Rodriguez, a real estate agent with Coldwell Banker in Boston. “For many city homes, an open floor plan is the only option,” he says. “But even for those who have the luxury of a lot of space, the open plan remains desirable.

Are open floor plans cheaper to build?

Therefore, they pay more for a home with an open interior than for a similar home with a closed floor plan.

Is open concept going away?

Some designers don’t see us putting the walls back just yet. “The open concept is not going away because our lifestyles have changed,” says Richard Anuskiewicz of Nashville, a member of the Consentino Design Alliance. “However, as kitchens are more exposed to other rooms, it spurs secondary spaces like pantries.”

How much does it cost to do open concept?

It can be as little as $300 for a non-load-bearing wall and up to $3,000 for a load-bearing wall. Prices increase significantly for multi-story homes and can cost up to $10,000. Patching ceilings usually runs around $50-$75 a square foot.

Do people still want open concept homes?

According to a 2017 study by the National Association of Home Builders, 32% of buyers wanted homes with a completely open kitchen-family room layout, while 45% of buyers were seeking a completely open kitchen-dining area.