What are the top things you usually consider when buying a new home? Probably, the neighbourhood, the size and layout, the condition of the house, and yes, of course, the price tag. However, one key factor homebuyers often overlook but really shouldn’t is the house’s architectural style. The architecture of a home affects the property’s appeal, how functional it is, and how much it will cost to maintain. Most importantly, the style can impact at what price your new home will sell for. Yes, you heard that right!
How the Architectural Style of a Home Affects Its Value
You might be drawn to a property with a particular architectural style when house-hunting because it fits your taste or lifestyle. However, whether you realise it or not, those same architectural features could affect the market value of the house. Let’s break down how this happens –
1. Curb Appeal and First Impressions
You’ve probably heard the saying, “You never get a second chance to make a first impression.” This couldn’t be more true when it comes to real estate. Curb appeal, or how a house looks from the outside, is the first thing buyers notice when they arrive at a property. The more appealing the curb appeal of the home, the higher its chances of catching buyer’s eyes and fetching a top price.
There are certain architectural styles that naturally amp up the curb appeal of a home, making the home more desirable. For instance, a Colonial or Craftsman design has an elegant and balanced exterior that instantly catches the eye. These homes often have a symmetrical layout with prominent front entrances and appealing details. In case you’re buying such an appealing home style, there is a high chance your property will fetch you a high price.
2. The Layout and Functionality of the Home
In certain home designs, the rooms feel extra spacious, open, and well-organized. There might be open floor plans, lots of storage space, and flexible areas in these properties. Natural light is also a key highlight in some home styles. There are homes with larger windows that let in a lot of daylight and even glass doors that open to a patio or garden. This is usually the kind of layout and functionality that most homebuyers prefer. But if the layout of the house feels cramped, the spaces are closed-off, and there is not enough storage space, the home may not fetch as high a price.
3. Maintenance and Durability
Maintenance and durability play a big role in the overall appeal and value of a home. Buyers are often willing to pay more than what’s shown on a house value calculator in Canada if the house is easier to maintain. And here’s the thing you might not know – different architectural styles come with varying degrees of durability and ease of maintenance.
Yes, certain architectural styles use materials that last longer and require less maintenance. For instance, homes made from brick, metal or stone are often more durable and require less maintenance than those made from wood or siding. You’ll rarely have to put any extra money into repairs, replacements, and maintenance of the home, so the value of your house might hold better.
4. Energy Efficiency
Homes that are built with energy-efficient features like high-quality insulation, energy-saving windows, and modern heating or cooling systems are more appealing to buyers. Why? Because they help homeowners save a lot of money on energy bills. But, on the other hand, buyers are reluctant to pay a high price for homes that aren’t energy-efficient. After all, these homes are usually more expensive to heat, cool, and maintain.
5. Local Preferences
Every neighbourhood, city, or region in Canada has its own preferred architectural styles. For instance, in some neighbourhoods in Toronto, such as Cabbagetown, Victorian homes with ornate details and large windows are more popular. But in the downtown area, you’ll mostly find homes with sleek, modern designs and open-concept layouts. So, if you buy a Victorian-style home in the downtown area just because you like it, you may have a hard time selling it later on. But if you buy a widely preferred house in the area, you’re more likely to see a good return on investment when it’s time to sell. You may earn far more for your property than what’s shown in a home value calculator in Canada.
Most Popular Home Styles in Canada
Now that we’ve looked at the role architectural style plays in the value of a home, let’s explore some popular home styles in Canada. These are the architectural styles that most people love, and you might want to consider one of these styles in your new home.
1. High Victorian Style
The High Victorian-style homes have large windows, intricate woodwork, steeply pitched roofs, and decorative trim. These homes often have multiple stories, making them perfect for big families.
2. Chateau Style
The Chateau-style home makes a statement with its tall and dramatic roofs and sweeping staircases. People love Chateau-style homes for their luxurious feel and the sense of grandeur they bring. This home style is inspired by the grand estates of France.
3. Country Style
Country-style homes are usually found in the rural and suburban areas. The simple lines, large front porches, and natural materials like wood and stone make these homes a favourite among buyers looking for a more relaxed lifestyle.
4. Gothic Revival
Gothic Revival homes are dramatic and full of character. They have steeply pitched roofs, pointed arches, and a lot of intricate details.
5. Modern Homes
Modern homes are sleek, clean, and minimalist. These homes often have open floor plans, large windows that bring in natural light, and sleek materials like glass, steel, and concrete.
Consider the Architectural Style Along with Other Factors When House-Hunting
Even if you plan to live in the house for years, life can change. You might have to move and sell your home when you least expect it due to a new job, a change in family needs, or any other reasons. And when that happens, trust us, you would want your home to have a great resale value. This is why, apart from considering all the other factors, make sure to pay close attention to the architectural style of your new home. Homes with classic, in-demand architectural designs tend to maintain or even increase in value over time. So, choose the style of the house wisely, and your home can continue to give you value for years to come!
