Major home renovations are time-consuming, expensive, and sometimes pay off at the closing table when you sell your house.
But that’s not true for every type of renovation or home improvement. In fact, some can end up costing homeowners more than they’re worth—and if you’re only making the upgrades or improvements to sell, it could come back and bite you in the wallet when it comes to listing your house. You’ll want to talk to your Lake City Realtor® before you make any major investments.
So what about a major addition, like a family room? Could that pay off for you?
Should You Add a Family Room to Your Home Before You Sell It?
Before you start thinking about a major addition like a family room, know that the average cost across the country is just under $55,000. On average, sellers only recover about 83 percent of that when they close the deal on the home.
That means that unless your home only consists of a bedroom, a bathroom, and a kitchen, it may not be in your best interest to add an entire family room in order to sell. Remember, too, that even if you call it a sun room or a “Florida room,” it will only count in your square footage if it’s heated and cooled so that you (or the new owners) can use it all year.
Common Improvements Lake City Sellers Consider
Some of the most common home improvements people consider when they’re listing their homes on the Lake City MLS include:
- Minor bathroom remodeling
- Major bathroom remodeling
- Landscaping upgrades and improvements
- Replacing vinyl siding or repainting the house
- Minor kitchen upgrades
- Major kitchen remodels
- Adding decks, patios, and porches
- Window replacement
If you’ve considered any of those, you’re not alone. However, you should definitely talk to your Lake City real estate agent to find out whether they’re a good idea in your neighborhood. What buyers want can vary from one subdivision to the next—and you want to make sure you’re making a solid investment that’s going to help you sell before you start pouring money into a house that will soon belong to someone else.
Are You Selling a Home or Property in Lake City?
If you’re selling your home in Lake City, FL, we can help you get it sold quickly and at the right price.
While you’re here, get your FREE comparative market analysis that tells you what your home is really worth under today’s market conditions
In the meantime, take some time to explore:
- Waterfront Residential
- Waterfront Land
- Bank Owned & Foreclosures
- Short Sales
- Paved Road Frontage
- Non Deed Restricted Land
- Wooded Oak Tree Land
- Land for Land Home Combo