Which items will add value to your home and help with resale when the time comes to sell?
The answer is: “Only the ones that future buyers will also want and be willing to pay for.”
In the Daytona Beach area, the upgrades buyers are willing to pay for can differ from upgrades buyers prefer in other parts of the state and country.
There are some general rules you can follow to improve the chances of a higher return at the closing table. For instance, choosing the functional over the merely cosmetic and choosing neutral over unusual or exotic will typically produce a better pay off at resale time. Taste and current trends can also affect the value of an update. And unusual colors have a limited appeal even at a time when the color may be popular.
Which updates will add the most value to your home?
- Updates that increase usable space (an extra bathroom, larger and/or upgraded kitchen, master bedroom suite, more closet space, conversion of unused space to a home office).
- Updates that will lighten and brighten your rooms (white or light color paint and floor coverings, light woods, skylights, larger windows, French doors).
- Updates that will open your home to the outdoors for fresh air and entertaining (French doors to the patio or garden).
- Updates that will increase privacy and security (fencing, landscaping).
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