Adding value to a high-end condo, loft, or penthouse in Midtown Boston might seem like a challenge. If you’re wondering how to increase your property value when it’s already worth quite a bit, you’ll find the answer in the materials used throughout your living space.
Although it’s easy to choose flooring that costs less and still looks good, high-end buyers in Beacon Hill or a high rise condo in Midtown Boston will immediately notice the difference. Avoid laminates, linoleums, and vinyl, and instead choose eco-friendly exotic wood flooring, marble, or ceramic or porcelain tile. Conservative estimates suggest high-quality flooring returns 1 to 1.5 times its cost, although it’s possible to see more than twice the cost in return.
Similar to flooring, inexpensive countertops are easy to spot. Although granite is a popular and somewhat affordable choice, marble or quartz are better quality, less common, and often found in custom builds. Statistically, a minor kitchen remodel yields one of the highest returns on investment at just over 81 percent. Although bathroom remodels don’t have as high an ROI, use the same countertops throughout your loft or penthouse.
As the old saying goes, the devil is in the details. Don’t ignore the little things like faucets, cabinet pulls, or switch plates. Upgrading the standard fixtures in your loft, condo, or penthouse will immediately give the space a fresh, modern, and—most importantly–custom feel. Make sure to keep it consistent, too. If you upgrade the fixtures in the kitchen, use the same fixtures in the bathroom.
Are you looking to buy or sell a condo, loft, or penthouse? An experienced Boston Midtown real estate broker can help. We pride ourselves on knowing this market backwards and forwards. Give us a call today for more information on buying or selling in Downtown Boston.