Adding Value
There's a lot of advice on the subject!
How do you know which upgrades actually add value to your home? The short answer is, "only the ones that future buyers will also want and be willing to pay for.”
As a general rule, choosing the functional over the merely cosmetic and choosing neutral over unusual or exotic will pay at resale. Taste and current trends can also affect the value of an update.
Which updates will add the most value to your home?
- Update your kitchen and/or bathrooms. Whether you need a minor or major remodel, updating the kitchen or bathrooms in your home will yield a high return on investment. Stay timeless with your updates, but also pay attention to trends.
- Increase usable space. Add a 1/2 bath to the main living area. Reduce the space in the master bedroom and add a walk-in closet or expand the master bath with a soaking tub.
Convert an unused space to a more functional space, like a spare bedroom to a home office. Even enclosing the outside porch with a screen enclosure adds a bonus living space that's especially nice to have in Florida.
- Lighten and brighten your rooms. Paint rooms white or with a light color paint to neutralize your space. Add skylights, windows, or French doors. Bring in the Florida sunshine! But also have a way to provide shade on any window that has direct sunlight.
- Revamp the exterior. Updated landscaping will draw in buyers before they even walk through the door. Keep your shrubs, trees, and grass trimmed and tidy. Add a splash of color with vibrant plants or by painting the front door an eye-catching color. Consider a focal point like a flagstone walkway or a water feature.
