Monday, June 4, 2012

How to Make Your Key West Home More Valuable


When selling a Key West home most homeowners believe that making renovations to their home will improve its value. But, is that true? It has been shown that updates do help, but not all updates. When selling a Key West Home there are rooms that should be left as is, and rooms that should be added to in order to make the home more desirable to all home buyers.

Don’t Update:
First, working from home is a great benefit for a job, saves you money on gas and gives you more time to spend with the family. However, not everyone works from home so putting thousands of dollars into remodeling a home office may not pay off in the long run. The built in shelves and hardwood flooring is great if you spend 90% of your time in that room, but if the person interested in your home will only be spending 10% of their time in the room, then the flooring and other amenities will not be important to them. 

Do Update:
When purchasing a home, one of the first rooms the buyer is eager to see is the kitchen; a room that they will probably spend the majority of their time in, whether entertaining, or just making a casual meal.  For a home that is coming equipped with appliances, having stainless steel appliances and refrigerator are essentials and something buyers are willing to spend more on. 

Don’t Update:
The master bedroom suite is by far one of the most relaxing rooms in Key West Real Estate, but as a home buyer, the comfort of the room is more important than the extra sitting room to the side or the marble countertops that are in the master bathroom. The bedroom is not a place for entertaining so when remodeling, focus more on comfort and less on the fancy upgrades. 

Do Update:
In the Key West area siding on a home is very important. If trying to sell a home that has faded, old, or broken siding, it will benefit you to replace it. The outside appearance of a home is equally as important as the inside appearance. When looking at the home the home buyers do not want to see stains or dents in their new home. Spending some money on putting up new siding will definitely pay off at the closing.

If you have any questions on how to increase the value of your Key West home, feel free to contact me and ask! I’d be more than happy to help you get the best value for your home. I hope to hear from you soon!

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