Renovating Your Vacation Home for Resale or Lease

Making improvements to your vacation home is a very important part of the process of putting it up for sale or lease. Many experts agree that when the right renovations are done, a home can sell or lease for a lot more than it would have previously. The problem is that many homeowners are not aware of the importance of this fact.

When you have a vacation home that you want to put back on the market or that you want to rent or lease for some extra cash in the seasons you are not using it, it pays for itself to renovate or upgrade where you can. Let’s look at some of the ways that you can renovate and upgrade your property to increase its value.

Update

The first thing you want to look at it where you can update. Are your appliances old and inefficient? Are the carpets outdated and worn? What are some areas of the home that can be updated relatively easily and affordably? If you have questions about what you can update and what needs a full renovation, you can work with an interior designer to plan the process from start to finish.

You can even have an expert come into your house and take a design audit, making suggestions about what might need updated to increase your curb appeal and your property value. At this time, you can discuss budget and other needs and work on a plan together to help make your house all that it can be.

Renovate

There are some situations where an update won’t work. In this case, you might need some renovations. Great choices to renovate are anything that increases your curb appeal. Front and back lawns, gardens, decks, patios, balconies, exterior paint, bathrooms and kitchens that are outdated, and flooring are all great options to renovate in order to increase the value of your property.

Bathrooms have the greatest renovation return so if you want remodel something but you’re pressed for budget, consider the bathrooms first. What can be done there to renovate and revitalize the space and still stay in budget?

Maintenance

And finally, there are parts of the home you can maintain as the years go by or perform maintenance to before you sell. Depending on the size and the age of your vacation home, it’s reasonable to spend between 1-3% of its value each year on maintenance. This maintenance will pay for itself over time when your home maintains its property value.

When it comes to making improvements to your rental or for sale home, make improvements that really count. Another thing that a Miami interior designer can help you with is knowing if changes you are seeking are out of character for your area. They can help you create the perfect Miami space so your property is bought or leased out quickly.

Give us a call today if you need help renovating your vacation home for sale or lease.