Lake homes are a dream for many, offering a tranquil retreat amidst nature’s beauty. Michigan boasts the longest freshwater coastline in the country. The state has vast lakes, beautiful beaches, and breathtaking sunrises and sunsets.
It makes owning a lake home in Michigan a great investment. However, when the time comes to sell, you should do what you can to maximize the resale value. This post will explore a few tips for increasing the resale value of Michigan lake homes.
Michigan Lakes Real Estate Market Watch
As of October 2023, the median price per square foot of homes in Kalamazoo County was $168. However, real estate trends can change quickly. Contact the Michigan Lakes Team for help buying or selling homes in Southern Michigan.
Get More From the Sale of Your Lake Home With These Tips
1. Enhance Waterfront Access and Views
To make the most of your lakefront property, you’ll want to ensure potential buyers can fully appreciate the view. Clear away any overgrown trees, bushes, or shrubs that may obstruct the view. You should also ensure the dock is easily accessible and in good condition.
2. Upgrade Outdoor Living Spaces
A well-maintained deck or patio that overlooks the lake can increase the resale value of your property. If you have one, make sure it is in good condition. You might want to consider a new finish or performing necessary repairs. Maintaining the lawn and trees or shrubs around these spaces is also vital.
3. Enhance Interior Appeal and Functionality
Modernizing outdated features, embracing natural light, and effective staging can make your lake home more appealing. An updated kitchen can be a significant selling point. You can also install energy-efficient windows, appliances, and lighting to make your home eco-friendly. Even a fresh coat of paint or a new finish on wood floors can go a long way.
4. Address Maintenance and Repairs
Conduct thorough inspections to identify and address structural, plumbing, or electrical issues before listing your house. The value is especially high when you look at smaller, cheaper repairs. Things as simple as tightening loose door knobs and fixing windows and doors that stick can make a big difference.
5. Seek Professional Guidance
Work with an experienced real estate agent and obtain appraisals from qualified professionals. They help determine a fair market value for your home and guide you through the selling process.
You can do many things to enhance the appeal of your lake home. However, you need to consider the return you can expect. You shouldn’t spend a lot on a remodeling project if it will only return a fraction of the expense.
Michigan Lakes Team
Are you considering buying or selling a lake home in Southern Michigan? We’d love to help you! Please click here for our contact page, and we’ll reach out to you promptly.
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