Want Stylish Yet Functional Spaces in Your Home? Create Multipurpose Rooms With These Pro Tips

 
 

Remember the COVID-19 days when we had to carve out some extra space in the house to do our work, help kids with their remote school, and have Zoom happy hours?

The “cloffice” came into being during this era!

Today, with the virus somewhat in our rearview and work and school back to (near) normal, we’re still looking to use every inch of space we have at home.

“And even before the pandemic, rooms in certain older homes that had a specific purpose were being reworked,” points out Kristin McGrath, a shopping expert at RetailMeNot.

As interest rates soar of late, many homeowners are further forced to adapt spaces they already own to make them work harder.

“In the past year, homeowners are opting to leverage equity in their current homes to create spaces they desire, as the prospect of upsizing is more challenging with low inventory and higher interest rates,” explains Kefryn Reese, a real estate agent with Serhant in Miami.

The result: multipurpose rooms that can serve a bunch of different needs. Here’s more about these rooms, how to create one, and tips from the pros to make them stylish to boot.

What is a multipurpose room?

A multipurpose room, sometimes referred to as a dual-purpose or flex room, is just that: an area in the home that can serve the family in many different ways.

“These rooms maximize space and functionality,” says Matt Lambert, a real estate agent with Premier Sotheby’s International Realty in Banner Elk, NC.

Think of this space as a combination area that mixes multiple types of rooms into one, adds Charlotte Granville, a home remodeling specialist at Fixr.

Why do we need a multipurpose room?

Many folks are realizing that their rooms can work a lot harder for them. For example, “families who no longer have use for a formal dining room or den have been reutilizing these areas for other things, and sometimes for many other things simultaneously,” says McGrath.

“The way we use our homes has shifted,” adds Granville. “We work, exercise, and spend more time at home now, so there’s a new need for space that can provide for different purposes.”

Top functions for multipurpose rooms

“Office spaces are probably the most common use for a multipurpose room—and it doubles as a guest bedroom, lounge, or gaming area,” says Jennifer Verruto, founder and CEO of Blythe Interiors.

“Some spaces can be used as a home office by day and a playroom after school,” adds McGrath.

Breakfast nooks can also stand in for an office in the house, and a home bar can be tucked into a library/den.

Other rooms that do it all include laundry areas that double as entryways, bathroom-laundry combos, and guest spaces that are used as book nooks for crafting or even wine tasting.

How to style a multipurpose room

When decorating a multipurpose room, it’s all about the right furniture, say the pros.

Reese suggests a Murphy bed in a home office so you can transform it into a guest space at night.

A sleeper sofa is also a wise piece with a desk or table and a mix of chairs.

“An office chair could be placed on one side and a guest or task chair on the other so that more than one person could work at the table or play there or grab a snack,” explains Pamela O’Brien, principal designer at Pamela Hope Designs,

It’s all about storage

Storage pieces are another great way to style a multipurpose room.

“You’ll need more storage here than in an average space, and good storage enables you to keep things tidy until you need them,” says Lambert.

But don’t put in too many shelves, warn the experts. With open storage, you’ll be forever dusting and organizing.

McGrath suggests hanging curtains or drapes to hide clutter or cover a washer-dryer. She also prefers wicker baskets for storage rather than plastic tubs (they’re prettier!).

Other utile storage pieces to consider here include generous nightstands with wide drawers or a lower cabinet, stand-alone bookshelves, chests, or dressers.

“These can all be used to hold games, office supplies, craft items, or guest linens and pillows,” adds O’Brien.

Do’s and don’ts in a multipurpose room

Keep the following in mind when it comes to multipurpose rooms:

  • Don’t veer too far from your home’s main look. A wild neon-orange room that does triple duty seems smart. (It’s a library/den/home office in one!) But if the rest of your home is primarily white and beige, no amount of utility will save it from being an eyesore.

  • Do have some fun with the design. “Multipurpose rooms are a great excuse to add a playful look to your home—I like to design based on a client’s personality while keeping functionality at the forefront in these spaces,” says Verruto.

  • Don’t let clutter take over. “Be strict with yourself and pack away everything you’re using when you’re finished in the space,” says Granville. This means hand weights get stowed so the kids can get out their trucks and Lego pieces.

  • Do consider how a space will age. “Consider whether you’ll be living there for 10 years, and consider how the space will adapt as your family grows or lifestyle changes,” urges Reese.

  • Don’t cram too much in. Two or three purposes in one space is good, but four or more is too many. Truth: A home gym, office, playroom, and crafting space will undoubtedly descend into chaos.

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Just Listed: Turn-Key Gem and Move-In Ready Home in Country Vista Neighborhood!

 
 
 

This beautiful turn-key, move-in ready split-level home is perfectly nestled in the quiet Country Vista neighborhood; located off Sheridan and 123rd, you have incredible access to some of the best parks and trails, close amenities and shopping as well as a variety of dining options!

Inside you will find 3 bedrooms [with room to expand in the unfinished basement], 2 full and 1 half baths, a spacious kitchen overlooking the family room and a large dining room; perfect for entertaining. The backyard is a private oasis with no neighbors behind you! Over a quarter acre lot, this yard is well manicured and features mature trees, a sprinkler system, a large patio - perfect for grilling and plenty of room to gather around a fire pit or host a BBQ. Enjoy lots of additional storage in the new shed [complete with 30 amp electrical service]. The sunlight fills this home, thanks to the South facing windows and two-story ceilings in the family room! This one is a true gem, come take a look!

Listed by Kendra Lanterman for West + Main Homes. Please Contact Kendra for current pricing + availability.

 
 
 

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Just Listed: Build Your Dream Mountain Home with Beautiful Views!

 
 
 

This 2.25-acre lot is a dream come true for those who are looking to build their mountain home.

The lot is gently sloped, making it perfect for a walk-out basement if that's what you're looking for. You'll enjoy the privacy this lot offers as it's situated at the end of a cul-de-sac. Located in the desirable Fairways at Pole Creek you'll have paved roads, high-speed internet, and underground utilities. Pole Creek Golf Club offers a year-round restaurant and 27 holes of golf. This lot is conveniently located just minutes away from all the attractions Grand County offers. Whether you're looking for world-class skiing, biking, hiking, boating, or camping, this location has it all.

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Just Listed: A Charming Ranch in Tranquil Applewood Neighborhood!

 
 
 

This delightful 3-bedroom, 2-bathroom ranch-style home in the tranquil Applewood neighborhood eagerly awaits your personal touch!

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Greater Denver Area Real Estate Market Report from August 2023

 
 

The Denver Metro Area historically leads National trends, according to DMAR's Market Trends Committee.

We exited the Great Recession ahead of the rest of the country and experienced a surge in real estate sales during the early days of COVID-19 while the rest of the country tried to find its bearings. While we work to navigate this new landscape, it's important to note that Denver remains one of the Nation's strongest housing markets.

So, what does that mean locally? Simply put, inventory is slowly growing, inching us closer to a balanced market that gives buyers and sellers equal footing. New listings increased 1.74 percent, and pending sales increased by 0.76 percent month over month. More notably, active listings at month's end increased 8.87 percent month over month to 6,858, while pending sales declined 13 91 percent and closed volume declined 16.11 percent. Activity is slowing slightly with inventory increases. The median close price dropped 1.36 percent from $590,000 to $582,000 and median days on market increased 22.22 percent to 11 days.

Buyers feel the shift and think that we are no longer in a full-price market. Median days on market increasing to 11 days may seem benign, but it also means homes are sitting on the market for 70 days or more. As a result, buyers want to negotiate on price and receive a concession for a rate buydown. Close-price-to-list-price ratio remains in the 99th percentile, showcasing buyers and sellers are coming together to make sales happen without huge negotiation swings. Pricing in this market is a science. If a home is priced correctly, or even priced under market, it may still receive multiple offers. However, if the price is slightly high then das on market climb until you find the right buver, or the right price.

Even if there were a rapid decline in interest rates, I believe we are slowly inching towards a balanced market. The months of inventory for detached homes under $1 million are sitting at a month and a half to just shy of two months, while above a million dollars, the months of inventory sits at roughly two and a half months and increases to 5.79 months of inventory with $2 million plus. The best performing price band for both detached and attached homes was $750.000 - $999,999 with an increase in sales month to month of over three percent.

For serious buyers who have their financing buttoned up, there are a number of opportunities available. I recently spoke with an agent listing a townhome who was frustrated that she's been told by five separate buyer's agents that an offer is coming only to have the buyers hold off due to rate increases. The important message is that sellers are eager for qualified buyers to make an offer. It's critical to make sure buyers understand their buying power before they start looking at properties.

As the Denver market continues to adiust, there are was to make this market work for you. FHA loan applications are on the rise, there are first-time homebuyer down payment assistance programs and assumable loans are quickly becoming an advantageous marketing incentive. The key to success in real estate has always been to buy what you can afford and then hold it for as long as you can.

We don't know how long these current market conditions will hold, but at the end of the day, it's always a good time to buy. In my opinion, having the ability to negotiate on price and terms is a better place to sit than paying 10 percent or more on a home in a competitive scenario while waiving a litany of due diligence dates.

Keep reading for a breakdown of properties sold for $1 million or more from West + Main Agent Nicholas DiPasquale:

Learn more about the market from the Denver Metro Association of Realtors.


Thank you to our partners at the Denver Metro Association of Realtors for compiling this information.

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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