Easy Condo Renovation Tips that Add Value

Easy Condo Renovation Tips that Add Value

Apr 15, 2020 April 15, 2020

When we think of design upgrades and renovations, we envision open-plan kitchens, fancy spa bathrooms, or maybe even that double,walk-in closet you always thought you needed. This, however, is not always the case, and while these may be some of the most common condo renovations, they aren’t necessarily the ones that will give you the best bang for your buck in terms of return on investment (ROI). In fact, here’s to shedding some light on DIY condo remodel tips that will add value to your property without hurting your pocket.

Re-Painting

Re-Painting


When repainting your property be sure to use a nice neutral tone such as white or beige, this creates a modern look that will resonate with buyers. Also, white paint will make the rooms look more spacious, increasing the perceived value in the buyer’s eyes. Painting can be achieved in a day or two if you are dedicated and for minimal cost, and the direct/indirect impact that it will have on the value of your property is remarkable. Also, don’t forget to paint the baseboards and any decorative trim. Interior designers often suggest a slightly alternate color to the walls but within the same palette. So many people forget to paint their baseboards and trim and it shows. You may not notice it but a buyer will and first impressions count!

Replacing Cabinet Handles

Replacing Cabinet Handles


If your budget doesn’t stretch to a full kitchen renovation then replacing the cabinet handles can be a very cost-effective way of giving your kitchen, and increasingly, your dining area a refreshed look. Many home design stores have standardized options for changing cabinet handles with stainless steel handles and pulls that immediately offer a newer edge. Having a kitchen that looks to be in step with the times will resonate well with potential buyers as it demonstrates a property that is looked after and won’t require vast amounts of money to be spent on fixes.

Renovate the Bathrooms, Simply


Okay, we aren’t talking about elaborate bathroom remodeling here. Just replacing the toilet, shower head and faucets will have a noticeable effect on the feel of your bathrooms, and the value of your condo. By replacing these essentials you’re providing a fresh and modern look for viewings, hopefully wowing them into buying your condo. Apparently an impressive bathroom goes a long way when trying to sell a property as even these small alterations can have a 4 figure impact on your property. It is also worth mentioning that properties with light blue bathrooms sell, on average, for $3,000-$5,000 more?! So, remember to bring the paintbrush along.

Smart Technology

Smart Technology


Having a smart home is one of the best ways to increase the value of your home. Beyond the obvious benefits and convenience that having a smart home offers there is also a degree of prestige that comes with having such a house. Very few people can say that they can control their entire condo through their phones. Furthermore, many people don’t understand how easy it is to convert a property into a smart house.

Easy and inexpensive changes like thermostats, carbon monoxide and smoke detectors, and smart window treatments and shades offer multitudes of value for buyers. A 2018 Coldwell Banker survey showed 40% of realtors believe smart homes sell quicker regardless of price. When you come to sell, having a smart house will set you apart from the competition. This means that buyers will be enticed by the idea of not having to install the system themselves. A win-win situation!

Carpet Be-gone!

Carpet Be-Gone


Ditch the carpet. This is honestly one of the best and easiest renovations that you can do to give your property the breath of fresh air that you have been after and add value. When people look at a house for the first time, the floor always stands out; an old musty carpet can often mean a pass for buyers and isn’t nearly as welcomed as contemporary hardwood. And while you might be deterred, assuming it will be expensive and labor-intensive, installing hardwood floors can cost as little as $4 per square foot, or less if you install laminate flooring, which is increasingly becoming accepted by buyers as quality has improved. The reward? Well, experts estimate that the average ROI for installing hardwood floors is about 70%. Moreover, condos with hardwood flooring can sell for 2.5% more than those with other flooring.

Update Appliances


Another way to revamp a tired home is by switching out old appliances to bring the property into the 21st century. While changing out the refrigerator, dishwasher and such may sound daunting, it’s actually super easy and relatively inexpensive with household names such as Whirlpool and GE offering complete stainless steel appliance packages for easily less than $3000. And yes, realtors state that stainless steel is still the preferred color for appliances by buyers. Needless to say, there is something at every price point, and high-end brands such as Bosch, Thermador or Viking will cost more, however they will add a touch of luxury to your condo, which will certainly please buyers.

Switch out those curtains!


While curtains can be tasteful, they’re also totally personal and can make for a gloomy environment or make a property appear dated. Switching out your curtains is a cheap and easy way to create an airy and light-filled environment within your home. Home design and realtors alike recommend white shutters or minimalist rolling blinds, depending on your budget. This renovation should take no longer than a few days but the positive impact will certainly last!

Switch up the lighting


Look around your condo. How old are those light fixtures? Are all the bulbs working? Oftentimes, condos have incredibly dated lighting that we tend to just get used to. This isn’t ideal as you want to present a property that’s bursting with light, not one that is gloomy and dingy. Well-lit properties with modern and clean light fixtures will create a condo that feels spacious and well-kept. Furthermore, updating to energy-saving fixtures and bulbs add value. The prospect of a low electricity bill and energy-efficient home will really help you out when the time comes to sell your place!



Looking to sell your home? Need more advice on how to add value to your condo? Reach out and contact us by phone or email and we’ll be happy to help you make the most of your investment.

Contributor
Contributor
Contact Us
Sep Niakan
Broker / Team Lead
(305) 697-7667
sep@blackbookproperties.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

Pre-Construction Condo Spotlight: La Baia in Bay Harbor Islands
Preconstruction Pre-Construction Condo Spotlight: La Baia in Bay Harbor Islands
Looking to bring the same transformative change to Bay Harbor Islands as he did in the South of Fifth neighborhood in South Beach with the iconic Continuum Condo Towers, developer Ian Bruce Eichner launched sales for La Baia residences in October 2021. The ultra-luxury La Baia will be a bayfront, boutique condo community featuring only 68 plush residences and its own 20-boat private marina. La Baia: A Waterfront Enclave of Luxury in Miami’s Northern Islands Crafting a new language of bespoke living on the water, La Baia condo residences will be tailored to fit Bay Harbor Islands’ tranquil ambiance. Designed by Revuelta Architecture, the stylish glass building will rise only 8 stories with a total of 68 luxury residences. Big on space, the one- to four-bedroom units at La Baia will range from 1,125 to 2,500 square feet in size. Owing to the Bay Harbor waterfront setting and expansive balconies, all La Baia residents will be able to enjoy unobstructed views of Biscayne Bay, Bal...
Introducing Downtown Miami’s Okan Tower - Luxury Miami Condos
Preconstruction Introducing Downtown Miami’s Okan Tower - Luxury Miami Condos
Meet Downtown Miami’s latest supertall condo tower that is sure to become an icon of the Magic City’s skyline for years to come - Okan Tower. With sales relaunched in November 2021 and buyers going straight to contract, after putting the project on hold, Turkish developer Okan Group is determined to make up for lost time. Back in action with revamped floor plans and the addition of an all-weather, glass-enclosed rooftop deck and observatory, the Okan Tower will feature 70 stories of luxury Sky Residences, world-class amenities, and 5-star Hilton Hotel & Resort. The Okan Residences Experience - Unfolding the Tulip Tower of Miami On track for a June 2022 opening, the condo-hotel marks Turkey-based Okan Group’s first development in the U.S. Designed by the Coral Gables-based Behar Font & Partners (the architects behind Quadro), the glass tower will feature a tulip-inspired façade as an ode to Turkey’s national flower. Certain to stand out on Downtown’s skyline, the...
Video: Take a Walking Tour of Edgewater, Miami
Lifestyle Video: Take a Walking Tour of Edgewater, Miami
Having spent almost 17 years in this mainly residential locale, Blackbook Properties’ luxury condo expert Sep Niakan takes you on his bright and sunny morning walk through this Edgewater, Miami, one of the city’s most popular waterfront neighborhoods.   Filmed in December, with a balmy winter morning temperature of 79° F/ 26° C, this scenic walking tour takes you through Margaret Pace Park and onto the Venetian Causeway. Besides being popular among walkers, joggers, and runners, the bayfront Margaret Pace Park is also a hot favorite among dog lovers, picnickers, and sports enthusiasts. The 8-acre park features two lighted tennis hard courts, two sand volleyball courts, one basketball court, personal fitness equipment, a gated playground, and more. The Venetian Causeway connects the mainland to Miami Beach, and again, makes a scenic seaside escape to clear your mind or simply absorb the sights and sounds of Miami. Watch the video to walk along. If you want see available units...
Miami Condo Development Guide: 52 New Pre-Construction Projects in 2021
Real Estate News Miami Condo Development Guide: 52 New Pre-Construction Projects in 2021
It’s a trend we’ve been talking about since the last quarter of 2020 - waves of buyers are contributing to one of the biggest real estate booms in Miami history. As individuals and businesses escape high tax states like New York and California, and have the freedom to work from any location, luxury condo developers in Miami are announcing new project after new project.   Miami condo developers announced more than 52 new and relaunched condo projects last year in 2021. In an attempt to appeal to a wide range of new residents, each new project aims to be taller, more luxurious, and offer the most exciting set of amenities imaginable, and could bring more than 10,000 residential units to Miami over the next few years. With the real estate market in Miami in one of its most lucrative cycles yet, here’s a look at the latest condo projects proposed in Miami in 2021: New Miami Condo Development Projects 2021 - Table of Contents New Downtown Miami Condo Development...
Get to Know Brickell, Miami: Comparing North Brickell vs South Brickell vs Brickell Key
Real Estate News Get to Know Brickell, Miami: Comparing North Brickell vs South Brickell vs Brickell Key
Brickell is one of Miami’s most desirable and popular neighborhoods, known the world over. Starting at the junction of the Miami River and Biscayne Bay, extending from Downtown Miami south along the water to the Rickenbacker Causeway that leads to Key Biscayne, Brickell is now known as the “Manhattan of the South.”  Indeed, Brickell is one of the world’s most important international financial hubs, home to many transnational companies and professionals from around the world. But Brickell is more than just Miami’s Financial District and the largest global banking center in the US south of New York. It’s an ultimate live, work, and play destination, and many celebrities have made their home in Brickell, including such Latin pop icons as Luis Miguel, Jennifer Lopez, and the late José José, as well as salsa legend Marc Anthony. To really get to know Brickell, and also know where you might want to live, Brickell actually consists of subdivisions that exist as distinctly different...
Video: Waldorf Astoria Residences, New Heights of Luxury Comes to Miami
Preconstruction Video: Waldorf Astoria Residences, New Heights of Luxury Comes to Miami
Combining the luxuries of New York City’s oldest hotel brand with Miami's first residential supertall tower, the Waldorf Astoria Residences Miami will transcend and transform luxurious living in Miami – all in the heart of Downtown. Moreover, a joint venture between the developers (PMG) and city will including expanding the green spaces in front of the luxury tower along Biscayne Boulevard, transforming the main boulevard of the Miami.  Waldorf Astoria Residences will be the tallest building south of Manhattan, transcending the skyline here and the heights of Miami luxury as we know it today.  Watch the video for more information.   Waldorf Astoria Residences Miami Key Details Groundbreaking: Early 2022 ​​Completion: 2025 Architecture by: Carlos Ott (conceptual artist) & Sieger Suarez (Miami’s award-winning architects). Designed to look like 9 offset crystal cubes, this sculptural condo-hotel is set to redefine Miami’s skyline. Interiors by: San Francisco’s...