How To Increase Your Miami Beach Home's Resale Value

The city of Miami Beach has long been a famous tourist landmark in the United States.
Its historic Art Deco district has had many tourists gawk with awe at the collection of uniquely designed and colored buildings and structures, and many have also marveled at the city's wonderful expanse of palm-fringed white sand beaches, exciting nightlife hubs, wonderful restaurants, cafes, museums, and vibrant housing options for families, single folk and retiring baby boomers.

Real Estate Values Have Risen In "The Beach"

The real estate picture has dramatically improved from the old selection of conventional low rise properties to elegant and upscale high-rise condominiums, which range from $300,000 to over 5 million dollars. The real estate properties on the famous South Beach lie in the extravagant Art Deco District, which covers 16 city blocks.

The impressive array of real estate choices in this area is surrounded by an equally impressive collection of historic buildings of distinct styles, consisting of hotels and apartment buildings, and this has inspired the renaissance of this once rundown neighborhood.

How to Make Significant Changes In Your Home's Appeal

In implementing more significant improvements or changes that would increaseyour Miami Beach home's resale value, try thinking in terms of either expanding rooms, adding rooms, updating bathrooms and kitchens. Paint, whether for interiors or exteriors, serves as an easy, less-costly method of increasing a home's value. Effecting changes to the home's landscaping is also another way to quickly improve the appearance and value of a home.

Another way of increasing a home's value is to advocate for the neighborhood. You could do this by talking to your fellow homeowners and find out if there are properties on your block that are not well-kept, because if this is so, they’ll be able to detract a major part from your own home’s value.

In the Miami housing market, as well as in other areas, some home improvements work wonders in increasing your home's value , while others have a little effect on a home. In general, upgrading your kitchen and bathrooms are considered smart investments and help add to the home's overall resale value.

Doing A Renovation Of The Bathroom & The Kitchen Helps

Renovating the bathroom also serves as a nice way of allowing you to yield a returnof something between 85 percent to 90 percent of your home's value, and bathroom improvements generally start at around $10,000.

However, adding a new bathroom can give you hefty returns of as much as 85 percent, particularly if you only have one bathroom to start with. Adding a second bath can make your home significantly easier to sell. Other key improvements also include installing double sinks, tile floors and new bath fixtures and faucets.

A home's kitchen also serves as one of the most important rooms in the house, since this is where much of family interaction takes place. The average return-on-investment for kitchen renovations ranges from about 80 percent to 93 percent, with the average costs of kitchen remodeling starting from $15,000 and up. If possible, try adding new tile flooring, replace old cabinets and racks, and/or update appliances by using new energy efficient models.

Undertaking home renovation projects can sometimes be a pesky and tedious task. Larger projects could also include adding a fireplace, building a deck or patio, or adding a new heating or cooling system.

However, you need not spend a considerable amount of money to upgrade the look of your home. Smaller, less expensive renovations could also include changing old doors or installing a ceiling fan. Most cosmetic improvements can go a long way in influencing the minds of prospective home buyers in your area.

Vanessa Arellano Doctor