Simple Ways to Increase the Market Value of Your Beachfront Property
Increasing your beachfront property’s value comes with many advantages. Aside from enhancing your property’s appearance significantly, it will also ensure that you and your family have a marvellous living environment or your tenants if it’s a rental home.
Renovations will not only increase the property’s value, but it can also improve the quality of life of its residents.
The return of investment can be very rewarding, too. If you’re renting out your property, the improvements can make the property more desirable and achieve more bookings so if you’re using it for short stays or as a long term rental you’re sure to get more annual income from it.
Plus when it comes time to sell your beachfront property, if it’s soon after you’ve completed the renovations, you can go as far as asking for double the amount you spent doing it up. Knowing your investment in your home can pay you back, is motivating so if you’re planning a facelift in your property, here are some simple ways on how to do it and raise its market value:
Give Your Kitchen a Facelift
Depending on the facelift that your kitchen will undergo, it will significantly enhance the look of your house and increase its market value. Your home kitchen will be the first thing home buyers will look at, and it is essential to make that first impression a good one. Perhaps you should consider adding granite countertops to achieve an aesthetic appeal. Don’t forget to buy a new shiny faucet, a simple upgrade, but it adds to the overall beauty.
Update Your Fixtures
After upgrading your kitchen, do not forget to replace your old fixtures, too. Matching new appliances with your new kitchen will also create a positive impression on your buyers. You can opt for a rustic look to match your beachfront property with its ocean view. You may spend a significant amount of bucks with this kind of upgrade, but it is guaranteed to make your house more appealing in the market.
Redecorate Your Bathroom
The next thing that potential buyers are sure to check out is the property’s bathroom. A toilet that doesn’t flush properly, a shower that looks outdated is a major turn-off to many buyers. Make your bathroom look like a perfect sanctuary, a place where one can relax after a tiring day. Replace your toilet with a new one if necessary. Install lighting that will make your bathroom cozy. If you have space and some money to spare, install a tub, it will significantly add an appealing look to your bathroom.
Upgrade Your Outdoor Landscape
If your house already has an outdoor landscape, upgrade it by adding lighting. Not only will it add to your property’s curb appeal, but it will also significantly enhance your beachfront property’s appearance at night. Installing outdoor lighting will create a welcoming atmosphere and promote an extended living space outside. It can also serve as additional security because it will prevent unwanted visitors from hiding behind your plants and dark areas during the night. Having outdoor lighting is the best way to show off your house in the market.
Revamp Your Flooring
You should also consider revamping your house flooring if you want to add more character to your house. There are many options available for you to choose from, whether ceramic tiles or wood, it all depends on your preference and your budget. If you want to save money, opt for ceramic tiles, for durability, easy to clean, and fire-resistant.
Now your renovations are complete and your home is looking fabulous, and before you get too used to living in it, work out when you’re going to list it for sale. It could be the right time to sell it now so start your research, of local real estate agents and what they know about recent sales of similar homes. Most agents specialise i.e. they are area centric and specialize by property type. For example, selling beachfront homes in Costa Rica is a lot different from selling an apartment in New York says Costa Rica Beachfront Real Estate, get it wrong and all your renovating work could fail to deliver the financial reward you were hoping to achieve.