Don’t just do it for someone else. Do it for yourself.
Enjoy it and still get the Return on Investment (ROI).
When you do it for yourself, part of the “return” on investment becomes your enjoyment of it.
What am I talking about? The condition of your property. So many of us, yours truly included, grow blind to how our home and/or business properties aesthetically age.
No matter how many scratches are in the wood work, how outdated that paint scheme is or splintered the boat dock has become, most of us still think our property is new regardless of how long we’ve owned it.
Then one day, when it’s time to sell, your real estate advisor suggests you make certain improvements and upgrades to help get your property sold at the best possible price. His/her advice is most likely sound, but it forces you into a reality check.
This reality check says you have to make a decision: Hope you’ll find the buyer that likes your “stuff” just the way it is or make the improvements to your property for someone else to hopefully appreciate and enjoy.
Every buyer has a fresh set of eyes. Even if they like your “style” they see all the “stuff” you’ve been blinded to. The more they have to pick apart, the more you lose.
Therefore, back to my opening comment: Do it for yourself and enjoy it!
Just like you would for a business, create a plan to improve your property and set a budget for ongoing improvements.
5 Suggestions to Improve the appearance of your property
- Plan to do a project a year: Starting with something economical and simple to implement. That will get you going and once completed motivated to do more.
- A good starter: Let’s say paint. A paint job is a simple cost effective way to quickly transform and refresh the appearance of your property.
- Consider curb appeal: How’s your landscaping? This is an area often overlooked, but makes an important first impression.
- Consider what you will enjoy the most: Maybe the kitchen.
- By this point, you’ll know what to do next.
The key is to keep it enjoyable and manageable so that you are not faced with that big fat reality check $$$ at the end.
Here’s one South Florida home that requires no repairs or updates. Take a look at this stunning southern exposure waterfront home on the Grand Canal in Tropic Isle here.