Home Improvements: What's Worth It

By
Real Estate Agent with Coldwell Banker Schmitt Real Estate Co.

Fred Mullins, Donna Mullins, & Erin Biby

Coldwell Banker Schmitt Real Estate Company

1201 White Street Ste. 101 Key West, FL 33040

Direct: 305-745-9440

Email: mullinsf@bellsouth.net

Website: www.lowerkeys-homes.com

 

 

Homeowners are opening their wallets. A rebound in the housing market has made homeowners more willing to invest in home improvements that could boost the value of their homes in a rising market. 

If you’re looking to sell, you should know that not all home improvement projects increase the value of a home. 

Here are a few tips to help: 

1. Consider all buyers. A great example of this is installing a pool. Some buyers may not be willing to take on the expense and hassle of maintaining a swimming pool. Or they may have small children and a swimming pool can be a big safety risk.   

2. Don’t ‘over improve’. It’s safe to say that updating your home’s cabinetry and appliances will boost the resale value. You just don’t want to go overboard. Don’t select finishes that go above and beyond what buyers would find in similar homes in your area. It won’t pay off in the end.  

3. Make repairs and curb appeal your first priority. Expanding the size of your home or remodeling the kitchen may seem like good ideas when selling your home, but if you need a new roof or to repair window seals, these improvements won’t mean a hill of beans! Repairing things that need fixing in your home may not be as aesthetically pleasing to you, but they make your home easier to sell. 

4. Consult an expert. Before moving forward on a home improvement project, consult with a real estate agent or an appraiser who knows your market. Let them know the ideas you have for your home and they should be able to explain how the upgrade could affect the sales price of your home.

Information obtained from: http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=297366

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Home Improvement
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Florida Monroe County Key West
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florida keys homes for sale
florida keys beachfront homes
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Rainer
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Rob Marken
Bend River Realty - Bend, OR
25+ years experience in Bend

Great points for repairs and updates that can really sell a home. It is important to really keep costs and buyers in mind. Thanks for sharing. 

Apr 23, 2015 05:31 AM #1
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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

In my area where a pool is usefull for about 4 months of the year from mid-May to mid Sept., it offers little value except for buyers from pool popular areas like California, Florida, Texas. 

Appraisers give little value for a pool.

Apr 23, 2015 05:46 AM #2
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Rainer
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