Avoid These Updates when Selling Your Miami Beach Real Estate Property

Selling a house entails many responsibilities. From repairing appliances to trimming the lawn to repainting, no details must be spared. All of these are helpful in attracting buyers. Many homeowners even go beyond regular house staging by doing updates or renovating tired and old spaces. But before making plans in redoing your Miami Beach real estate property, be sure to avoid these home updates that would surely flush your money down the drain faster than you can say open house.

The Home Office

The newest trend in earning money is home-based jobs. If you work from home, don''t even think about redesigning the office of your Miami Beach real estate property. Turning a small space into a home office and putting custom cabinets, upgrading electrical wiring and installing a large laminate desktop in it may be worth it if you are still living in the house but most certainly not as far as pre-sale is concerned. This is especially true if the buyer is not a home-based worker like you?he might just end up turning the office into a closet.

The Master Suite

Be careful in creating an upscale master suite. It may be pleasant to sleep in a room where there is a sitting area, large master bath made from the best materials, large custom bookcases, big walk-in closet and magnificent fireplace but you won''t certainly regain the cost once you sell the home. But if your house is located in a particularly posh area filled with luxury estates, it may be worth it.

Making the master suite of your dreams carries a hefty price tag?more than $100,000 to be exact. But you might lose instead of gain because, on average, you''re only going to regain 60% of the actual cost of the redone master suite. Sometimes being the envy of the neighborhood is not worth it.

The Designer Kitchen

Many people can only hope of creating the kitchen of their dreams. But if you want to update the kitchen of your Miami Beach real estate property, be ready to cough up more than $70,000. High-quality commercial appliances, beautiful stone countertops and high-grade cabinets don''t come cheap. This may be a good investment for upscale areas where the cost of redoing the kitchen is relatively small compared to the price of the house but not in Miami. Yes, you may still redo that kitchen but always remember to watch what you spend.

Mark Michael Ferrer
Miami Beach Real Estate