by Sean Hess (Sean@StAugTeam.com), Broker and Manager for St. Augustine Team Realty (www.StAugustineTeamRealty.com). Join us on Facebook and Google+.
One of the local home builders is offering free upgrades when you buy new. My partner (and Broker Associate) Kate Stevens and I opine on what we think are upgrades, and what are not upgrades, in this short video below:
To recap:
Gourmet kitchen? Yes
Harwood flooring? Yes
Crown molding? No
Chair railing / wainscotting? No
Tray ceilings? Neutral to No
Designer Lighting / Fixtures? No…do yourself
Gas Fireplace? No
Front Load / High Efficiency Washer/Dryer? Yes, but doesn’t have a long shelf life (unlike hardwood floors that continue to add value to a home)
Fencing? Yes
Stone Accents? Yes
Screened Lanai? Yes
To further define “upgrade” we would add that an upgrade is something that adds dollar value or desirability to the home. For example, we think something like stone accents will add to the marketability (adding curb appeal) to a home, making it sell faster, and also causing a buyer to pay a bit more for it (add value). On the other hand, while you might really love the look of crown molding, it will not add value to your home or make it sell faster, though it might be a nice touch.
Tags: Florida real estate St. Augustine, Home improvement upgrade or not?, New home upgrade or not?, Real estate upgrade or not?