How do I value a Keys home before renovating?
Short Answer
Valuing a Keys home before renovating requires understanding the after-repair value (ARV) based on comparable sales of renovated properties in your immediate area. Key value-add renovations in the Keys include impact windows and doors, kitchen updates, seawall repairs, and dock improvements. Avoid over-improving beyond what the neighborhood supports.
Steve's Advice
Steve Conley
Principal, Conley Sales Group at COMPASS
With my contractor's license and home inspector background, I look at renovation potential differently than most agents. The smartest renovations in the Keys are impact windows and doors -- they improve insurance rates, energy efficiency, and storm protection. A new seawall or dock can add as much value as a kitchen remodel in a waterfront property. I run the numbers before my clients spend a dollar so they know exactly what return to expect.
More Questions
More questions in Home Values & Property Valuation
Ready to Take the Next Step?
We are committed to compliance with all federal, state, and local fair housing laws. We do not discriminate against any person because of race, color, religion, sex, national origin, familial status, or disability. Equal Housing Opportunity.
