If you plan to live in your home for several years, improvements such as a pool, new windows and doors, or solar and photovoltaic systems are often more about personal enjoyment and peace of mind than immediate financial return. In today’s Florida real estate market, the likelihood of recouping your full investment on these upgrades in the short term is low. Based on our experience, homeowners typically recover about 65% of their investment in such improvements if they sell soon after making them. Additionally, the costs for these upgrades can vary widely.

That’s why it’s important to consult with your realtor before making significant home improvements. If your main goal is to achieve a strong return on investment (ROI) in the short term, focus on more cost-effective projects such as updating trim, wall and ceiling treatments, installing new flooring, remodeling kitchens and bathrooms, or adding an epoxy finish to your garage floor. These improvements generally provide the best ROI in the current market.

 

We hope this sheds some light on the subject. If you need any further information or would like a complimentary consult regarding improvements on your home that will have the best return on your investment, feel free to reach out to Kraus Home Team.