Upgrades that Could Raise the Value of Your Beach Property

Did you know that 29% of the U.S. population or 87 million people live in coastline counties? These include over 41 million people in the Atlantic and 32 million in Pacific counties. In fact, beach properties in the country remain to be in demand amid the threat of natural calamities and rising sea levels. This is the case especially since the pandemic has allowed many employees to work remotely, so they decided not to make that famous beach view Zoom background a solid background during meetings.

It’s good to know though that owning a beach house isn’t simple as it seems. For starters, beachfront properties, in particular, require mandatory flood insurance and have higher property taxes and management costs. A significant pro to owning a coastline property is that you don’t have to spend money on accommodation. If you want to make your beach house an asset, you have the option of renting it out and even qualify for certain tax benefits.

A report from property management company Vacasa shows that Gulf Shores, Alabama, is among the top 10 most profitable areas for a beach property. If you are a beach property owner who’s looking into listing your property for sale, here are five upgrades or renovations that can help increase the value of your beach property:

• Follow a theme

Good interior designs usually follow a specific theme, whether it’s Scandinavian, minimalist, boho, or the others. For instance, you can focus on providing that boho vibe in the property by buying Hawaiian furniture, rugs, lighting fixtures, and more. You can also go for the tropical vibe by adding more wooden chairs, plants, flowers, insect designs, and more colorful paintings.

• A good repainting job

 One of the most cost-effective upgrades you can do to any property is a solid repainting job. Both interior and exterior painting projects yield a significant return on investment, not to mention the fact that they could instantly make your place look brand new.

Depending on how big the beach property is, the average cost of updating paint in a home could cost between $2,500 to $3,000. If you want to amp that resale value, go for colors that reflect what you see while basking in the sun’s glory, like shades of blue, green, and beige. It will make your coastal property more appealing to home buyers because it exudes a sense of peace.

• A landscape overhaul

 A property with a wide front or backyard gives that luxurious outdoor vibe, so this could also improve the resale value of your beach property. You could also invest in that curb appeal by adding patios, verandas, or decks. Add plants and flowers to highlight the greenery and make your property appear welcoming, especially during the spring or summer. If you want to be extra particular and make the property more unique, you can also invest in more upscale amenities like a pool, jacuzzi, a function room, a music room, or an open-air fireplace.

• Make room for space

 One of the best ways to improve your property’s value is interior remodeling. Homebuyers are now keen on looking at overall aesthetics when checking out properties, and they are even meticulous with beach houses. Space is a huge factor in these, especially in coastal areas. If you are setting your beach house for an open house, make sure that you highlight how the space is maximized to show off the free area the place has to offer. Optimizing your room to utilize every part effectively is a great way to make your house look bigger and better. One pro tip is to install mirrors on the walls as they usually help in making the rooms look more spacious than they actually are.

• Upgrade functionality

Owners usually make the most out of beach properties during the summer, when people want to soak up the sun, relax, and just get a tan. Your beach property will be a hit for potential renters or buyers if you enhance its overall functionality.

If you have a good view of the beach or the coast, you use that to your advantage and let people enjoy that view by installing a balcony, windows, bi-folds, or sliding doors that provide more access to the view.

You can also install a central air-conditioning system, so users can still take control of the room temperature. This raises your property’s value and promotes better competition among other beach properties. You can even install security cameras for added protection and peace of mind in coastal dwellings.

• A pathway to the beach

 If you have a beachfront property, seize the opportunity to add a walkway to the beach. This will be a significant selling point for your home, especially to buyers who are considering renting out the property or turning it into a private resort. A pathway adds charm to your home and gives potential homebuyers welcoming access to the beach. If you want to make the path simple, you can choose mulch and gravel as materials because they are cheaper and make construction simple.

Final Thoughts

We all have dreamt of waking up to the sound of waves splashing on the seashore and experiencing the ocean hues all day because who doesn’t want to escape the hustle and madness in the city. Living in a house near the beach has been proven scientifically to improve overall health and wellbeing. While it does come with extra costs and maintenance fees, the peace and tranquility sure make it worth it for homebuyers.

If you or someone you know are selling a beach property, we at Shorefront Investments, buy all types of properties within 7-14 days in any condition (even without repairs or upgrades) without commissions or additional fees. You just have to fill out this form or give us a call at (850) 713-4866 to set a meeting with our team and schedule the property inspection, and you’ll receive a no-obligation cash offer within 24 hours from the property viewing.