Will a library add value to a home? Experts explain the financial benefits
A library is an unlikely addition that could reap serious financial benefits
A traditional library, complete with mullions and skirting, or a contemporary library with shelf lighting and seamless doors could be one of the best ways to add value to your home according to new research.
Investing in home library ideas could make your home more appealing to buyers, research by premier fitted furniture company Neville Johnson revealed.
'Presenting a stylish, well-designed, and functional home to buyers is a key way to differentiate and sell your property quickly,' says Ryan Ninnis, director of sales operation, at Foxtons real estate brokerswhich worked with Neville Johnson on the research.
'We regularly see increases in value of 15-20 percent for owners who have made home improvements such as a home library that appeal to the demands of the local market.'
Does a home library add value?
Libraries bring value to a home by creating a focal point that gives structure to the space, says Joshua Blackburn, founder and director of design and construction at Evolving Home. 'From a design perspective, it adds texture and levels. It draws attention to its entirety when one enters the room, making it the perfect display area.'
Kit Kemp, founder and creative director of Firmdale Hotels and Kit Kemp Design Studio agrees. 'A library in your home with a curated collection of books and journals gives a great sense of comfort and warmth,' she says.
The interior design often features a lovely library tucked away in her beautifully designed hotels. 'There’s nothing more important to me than feeling at home. When designing a library I want it to be like a little jewel box of surprises where the eye moves around the room, traveling from one interesting detail to the next.'
Built-in book storage ideas bring more value compared to free-standing shelves, but they have to match with the home and its location, adds Joshua. 'Shelves that are made out of hardwood or other top-tier materials increase the property's value higher compared to shelves that are made of medium-density fibreboard.'
However, a library isn’t just for books. It can become a multi-purpose space, doubling as a home office or even an emotional escape room for a family member. Both of which have become essential in the aftermath of the pandemic.
Before investing in creating a home library it is important to acknowledge the surrounding area. If you live in a high-end area, a library is more likely to reap a return on investment, than if you live in a location where space is at a premium.
Jayne Dowle is an award-winning freelance gardening, homes and property writer who writes about everything from swimming ponds to skyscraper apartments, for publications including Sunday Times Home, Times Bricks & Mortar, Grand Designs, House Beautiful and The Spectator. Awarded the Garden Journalist of the Year accolade at the Property Press Awards in 2021, she has a degree in English Language and Literature from the University of Oxford and a lifelong love of homes, interiors and gardens. Her first memories include planting potatoes with her grandfather and drawing houses. Her own garden - her fourth - at home in a 1920s house in Yorkshire, is south-facing and on the side of a valley. It’s a constant challenge.
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