The Anna Maria Island Sun Newspaper


Vol. 16 No. 24 - April 13, 2016

REAL ESTATE

Boosting your home's value: Part II

 

Last week we covered the first four ways to boost your home’s value based on a recent Consumer’s Report survey of the millennial generation. This week, we’ll cover the last four ways. By the time you have read all eight ways, not only will you know the inner workings of the minds of the mellennials, but you may have also increased the value of your homes by 35 percent, so let’s get going.

Rule number 5: Millennials have parents who are aging rapidly and living longer. It is estimated that by 2040 there will be almost 80 million seniors accounting for 21 percent of the population. Basically, it’s time for seniors and their children to find ways to retrofit homes to accommodate them, either in their own home or their children’s. Walk-in showers are the first thing that older people are looking for. Forget about those tubs – too difficult to get in and out of. Next are master bedrooms on the main living level with a bathroom attached outfitted with comfort height toilets. Possible increase in sales value could be 1 to 3 percent.

Rule number 6: If you ever watch HGTV, you know that a gallon of paint is the most recommended and least expensive home improvement. High traffic areas like kitchens and bathrooms always could use a fresh coat of paint and never more than when a house goes on the market. In addition, front doors and back doors get beat up from everyday use, especially if you have small children or pets, so they should also be at the top of your paint list. Using neutral colors and good quality paint will impress your millennial potential buyers, since its one less thing they have to think about.

Rule number 7: Outdoor space, especially in states like ours where good weather is the norm, is very important to millennials. However, they are very cognizant of the maintenance cost associated with outdoor living. If you’re planning on a deck, make it as maintenance free as possible and the same with a pool. Actually less may be more for this generation in all areas including landscaping. Curb appeal is still important, as are plantings that require less water maintenance – added value to your sale price 3 to 5 percent.

Rule number 8: Technology can be tricky in a home since it changes so rapidly, but millennials grew up on smart phones and want the ability to control systems at their fingertips. Programmable thermostats, locks and security systems, all controlled with a smart phone, are normal technology to millennials. Also, whole house generators in states that are prone to tropical storms and hurricanes can bring a great return on your dollar. These items can bring 3 to 5 percent in additional value to your home.

What most of this survey has taught us is that the millennial generation wants a home that is move-in ready where they can start cooking and entertaining on day one. They want a home with a lot of high tech amenities, space for an office and room to have live in child care options, i.e. parents. But what they really want is what every other house buying generation has always wanted, a comfortable, safe home for their families. Only they want it without having to pick up a paint brush.

Real Estate Transactions
Real estate transfers of January-February 2016

Sponsored by Alan Galletto Island Real Estate

Sold Date | List Price | Sold Price | Address | Provision | Property Style

Anna Maria

2016-01-12 799,000 750,000 519 South Dr 582 3 Br/2 Ba SFR
2016-01-07 999,900 900,000 320 Iris St 1837 3 Br/3 Ba SFR
2016-01-12 1,249,000 1,150,000 203 S Bay Blvd 2636 50x200 3 Br/3.5 Ba SFR
2016-01-29 1,125,000 990,000 308 Palm Ave 1662 4 Br/4 Ba SFR
2016-02-26 1,249,000 1,050,000 512 South Dr 1942 26x121x70x111x103 3 Br/2.5 Ba SFR
2016-02-04 1,975,000 1,660,000 783 N Shore Dr 1636 3 Br/2.5 Ba SFR
2016-02-29 3,700,000 3,600,000 101 Palmetto Ave 3139 58x100 5 Br/4.5 Ba SFR
2016-01-18 899,000 820,000 108 Magnolia Ave 50x145 SF Lot
2016-02-12 585,000 565,000 214 Elm Ave 70x110 SF Lot

Bradenton Beach

2016-01-15 890,000 790,000 2203 Ave. A 1472 50x135 3 Br/2 Ba SFR
2016-01-27 1,190,000 1,005,000 2516 Ave. A 1750 4 Br/3 Ba SFR
2016-02-01 425,000 410,000 2207 Ave. C 930 2 Br/1 Ba SFR
2016-02-17 225,000 220,000 611 Gulf Dr N #B28 794 2 Br/1 Ba Condo
2016-02-29 249,000 249,000 1325 Gulf Dr N #228 675 2 Br/1 Ba Condo
2016-02-26 649,000 620,000 2106 Gulf Dr N #4 1117 2 Br/2 Ba Condo
2016-02-03 649,000 625,000 104 Gulf Dr S #205 1029 2 Br/2 Ba Condo
2016-01-04 1,199,000 1,110,000 105 11th St S #A 4116 75.0x100 Duplex
2016-01-15 775,000 775,000 106 7th St S 2912 100x100 Fourplex
2016-01-29 109,000 106,000 2601 Gulf Dr N #315 320 1 Br/1 Ba Co-Op
2016-02-18 350,000 350,000 2510 Ave. C 50x100 SF Lot

Cortez

016-01-22 460,000 436,000 3920 Mariners Way#313a 1762 3 Br/2 Ba CondoDate Closed List Price Sold Price Property Address SFUA Lot Size Description

Holmes Beach

2016-01-27 469,000 440,000 6250 Holmes Blvd #52 1536 3 Br/2.5 Ba SFR
2016-01-19 450,000 445,000 2912 Ave. C 2302 2 Br/3 Ba SFR
2016-01-25 634,900 590,000 241 S Harbor Dr 1568 3 Br/2 Ba SFR
2016-01-28 649,000 630,000 306 67th St #B 1258 3 Br/2 Ba SFR
2016-01-15 669,900 655,000 302 67th St 1552 3 Br/2 Ba SFR
2016-01-15 899,000 842,500 202 81st St 1390 58x116 4 Br/3 Ba SF
2016-01-29 929,000 875,000 309 64th St 2288 4 Br/2.5 Ba SFR
2016-01-29 1,099,000 1,000,000 106 81st St 2786 5 Br/4 Ba SFR
2016-01-04 1,490,000 1,300,000 203 69th St #A 2546 104 X 80 6 Br/4 Ba SFR
2016-02-18 550,000 550,000 517 70th St 1180 2 Br/ Ba SFR
2016-02-12 1,185,000 1,115,000 6804 Marina Dr #B 2425 3 Br/3.5 Ba SFR
2016-02-08 1,295,000 1,140,000 202 69th St 1700 5 Br/4 Ba SFR
2016-01-08 595,000 575,000 2312 Gulf Dr N #102 1180 2 Br/2 Ba Condo
2016-01-15 242,500 234,500 3607 E Bay Dr #110 980 2 Br/2 Ba Condo
2016-01-20 285,000 272,500 4307 Gulf Dr #108 1027 2 Br/2 Ba Condo
2016-01-06 299,000 290,000 600 W Manatee Ave#116 1179 2 Br/2 Ba Condo
2016-01-29 304,900 295,000 703 Manatee Ave #703 1179 2 Br/2 Ba Condo
2016-01-21 390,000 370,000 3402 Gulf Dr #2 1359 2 Br/2 Ba Condo
2016-01-08 459,900 450,000 5300 Gulf Dr #104 722 1 Br/1.5 Ba Condo
2016-01-15 650,000 625,000 316 63rd St #B 2001 3 Br/2.5 Ba Condo
2016-02-17 279,000 267,500 5400 Gulf Dr #16 838 1 Br/1 Ba Condo
2016-02-05 289,900 275,000 3601 E Bay Dr #206 1035 2 Br/2 Ba Condo
2016-02-22 350,000 336,250 3211 Gulf Dr #6 672 1 Br/1.5 Ba Condo
2016-02-12 587,000 525,000 127 52nd St #A 1780 100x100 Duplex
2016-02-26 475,000 385,000 204 Peacock Ln #A&B 1738 87x86 Duplex
2016-02-09 269,900 265,000 438 62nd St 1141 2 Br/2 Ba Half-Duplex
2016-01-15 999,000 790,000 3101 Ave. F 2360 50 X 100 Triplex
2016-02-01 399,000 375,000 411 62nd St 1333 54x97 2 Br/4 Ba Fourplex
2016-01-13 579,900 530,000 303 64th St #B 1316 85x110 3 Br/2 Ba Villa

Source: Mid Florida Multiple Listing Service


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