The ups and downs of the Venice real estate market is a big influence on homeowners. Is it time to take advantage of the low interest rates and purchase a new home? Or does the low inventory make the idea of home renovation more attractive?
Quality home renovation allows for people to update their home’s features, build a needed addition, or bring their old roof up to code. So whether you sell your home or decide to stay in it for a lifetime – you can increase your home’s value with the right changes.
While there are many things you can undertake during a home renovation, experts point to certain projects which seem to boost your equity more than others.
While gourmet kitchens and updated master baths are always a good idea, consider these renovations as well.
- Updated Flooring: Older homes often have carpet or linoleum on throughout the home. You may be surprised at how a home is transformed when the flooring is replaced. From hardwood options to marble tile, new flooring can make the place look like new.
- Create an Outdoor Space: Floridians love their outdoor spaces. A new patio, glassed in sunroom or screened lanai is a sure way to raise the value of your home, especially if you have a view. While adding a pool is rarely considered a good investment if you are looking for ROI, adding an area around the pool for relaxation and entertainment is a good move. You may also consider balconies, decks and even rooftop gardens and patios.
- Outbuildings, Sheds & Garages: Venice homeowners understand the problem all too well – without basements and given our limited attic space, storage is at a premium. A large garage with shelving or temperature controlled shed are both additions which will be highly coveted by new home buyers, adding home value with much needed functionality.
- Mother-in-Law Suites: Whether for your in-laws, adult children returning home, or even tenants – constructing an addition which allows for a separate living space can add significant value. While some additions may include a separate wing or apartment in the home, other people choose to add lofts over the garage or even a small cottage on premises if the city zoning permits. Private entrances and seclusion from the main home are key selling points.
- Open Spaces: Soaring ceilings and open spaces filled with natural sunlight are highly desirable. Home renovation which includes opening up spaces by taking down walls or raising ceilings, as well as adding large windows, skylights and sliding doors are a prudent investment. The addition of new windows will also help with hurricane protection, as described below.
- Hurricane Protection Features: Over the last two decades, hurricane codes have been refined and adjusted to further protect homes against stronger storms. Adding these protective features not only improves the value of your home, but typically can significantly lower your hurricane insurance premiums. Home renovation in this area includes upgrading windows to latest code; having your roof retrofitted for to reflect the latest roofing standards; adding roll down or electronic hurricane shutters and building a safe room which is entirely protected from any outside doors or windows.
- Green Homes: More and more people are cognizant of the need to be energy efficient in our daily lives. Whether you add solar panels, install a cool roof, or replace appliances – those homes which employ green features are considered desirable.
Kingdom Restoration has been working to provide quality home renovation to Venice residents for decades. No matter what type of renovation, addition, or project you are looking to undertake – give us a call today. We are experienced contractors dedicated to the utmost in quality and customer service.
