It is amazing how things change in just a few years. Take the housing and credit boom of a couple years ago: buyers were snatching up homes as quickly as they were listed, and home values were inflating to never-before seen proportions.
And let’s not forget about the McMansions. Bigger was better and luxury and opulence were at an all time high. And then it happened.
The bottom dropped out, the credit sector deteriorated right before our eyes and home values plummeted until home sellers screamed “Mercy!”
As a result, today’s home buyers have certainly learned from past mistakes, and the McMansions of the past just don’t look as appealing anymore. The square footage of new homes has decreased and home buyers are now looking for more modest surroundings for their next home.
The National Association of Realtors recently compiled a list of items that current home buyers look for in a home, which include:
If you are looking to make home improvements to your Ponte Vedra Beach home, you may want to take the above list into consideration. Of course, there are certain aspects, such as the size of your garage and master bedroom closet, that you do not have too much control over (unless you are considering major home renovations – which most sellers are not); but there are certain home improvements that can make a big impact on potential home buyers.
Hardwood floors, for example, are a great way to improve the look of any room and increase the value of your home at the same time. If you are one of the fortunate few to have hardwood floors hiding out underneath your carpeting, now may be the time to peel back the carpeting and reveal your hardwood floors.
Granite countertops are also a good option for sprucing up your kitchen and adding value to your Ponte Vedra Beach property. Luckily, granite countertops will also likely afford you a nice return on your investment.
Angelle Marshall
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