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Florida... a great place to live! The Florida Real Estate Blog is designed to be a resource center. You will find a wealth of information on topics including home selling and buying, Florida home values, property taxes, Florida housing market updates, mortgages / home loans, home inspections, title insurance, homeownership, relocating, Florida real estate investing, 1031 Exchanges, home maintenance, trends, and Florida real estate news and views. Find real estate information for all of Florida including Jacksonville, Gainesville, Ocala, Orlando, Central Florida, Tampa, Clearwater, Sarasota, Fort Myers, Naples, South Florida, West Palm Beach, Fort Lauderdale, Miami, and the Florida Keys.

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Florida Real Estate News

Home Improvement Tips: Cost vs. Value

Mar. 5, 2006
Categorized in: Home Maint. & Improvement

How to Increase the Value of Your Home
As a Florida Realtor, I'm occasionally asked which home improvements provide the greatest return on investment (ROI).  My answer really depends on several factors and in order for me to provide useful advice, I must be familiar with the property in question as the options can vary somewhat from house to house.  Having said that, there are a few rules of thumb that are rather standard no matter what the property.

 

Generally speaking, kitchen and bathroom improvements will provide sellers with the greatest resale value.  However, this does not mean it must be a complete makeover.  Sometimes replacing items such as flooring, countertops, sinks, faucets, cabinet hardware and/or lighting fixtures can make a room look considerably more updated than before.  Applying a fresh coat of neutral-colored paint is among the easiest and least expensive improvements you can make to any room.  On the outside of the property, well-maintained front yard landscaping can also provide a good return on investment. 

 

Another factor to consider when deciding what home improvements to make is the neighborhood the property is located in. Many real estate investment books advise home buyers and real estate investors to purchase the worst home in the best neighborhood in order to get the best value for their money.  Keeping this in mind, you don't want to over-improve your home or landscaping so that it becomes the best house in the neighborhood unless you are doing it for your own enjoyment and not for resale value.

 

The suggestions in this article can be useful even if you own a condo. If you are thinking of placing your Florida condo for sale, it helps to know what types of improvements or upgrades your neighbors have made before deciding what, if any, updating you will make to your own condo before selling.  The older the condo building is, the more useful this knowledge and research will be to you.

 

High on the list of things to take into account when making decisions about home improvements is whether you will be selling during a buyer's or seller's market.  In the hot seller's market that we experienced in recent years, I found that even properties that were not in good condition were selling quickly, sometimes at or near full price.  However, now that the market has cooled down somewhat and there are more properties on the market for buyers to choose from, buyers have the luxury of being pickier and expect more for their money.

 

Articles for further reading:

How To Increase The Value Of Your Home through Landscaping

Mar. 3, 2006
Categorized in: Home Selling Tips

How to Increase the Value of Your Home
We've all heard it before: first impressions are lasting impressions.  If you're planning on selling your Florida home in the near future, one way to increase your home's curb appeal as well as your Florida home's value is through landscaping.  In this article, we'll concentrate on the front yard since that's among the first things a prospective home buyer will notice as they pull up to your home. 

 

At a minimum, the lawn should be free of weeds, fertilized when appropriate, mowed and watered regularly and any patchy areas should be replaced with new grass or sod.  Any dead or dying plants, shrubs, etc. should be removed or replaced.  While mature trees can be great providers of shade and help reduce home energy costs, they should be pruned back if they touch your home or thinned out if they shade such a large area that grass won't grow under their branches.  Applying a fresh layer of mulch around trees, plants and in flower beds is one of the quickest and least expensive ways to improve your home's curb appeal.  Finally, placing a nice container full of flowering plants next to the front door makes for an inviting entrance.

 

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