Maximize ROI on Your Lakefront Property

lakefront property

Looking to maximize the saleability and value of your lakefront property? Strategic enhancements and effective staging are key. With a few well planned repairs and enhancing key selling factors, you can attract more potential buyers and secure a better price. We walk through the essential steps for preparing your lakefront property for the market.

Pre-Sale Repairs

Before listing your property, addressing necessary repairs is important. These repairs not only increase your home’s appeal but also prevent buyer objections and ensure a smoother sale process.

  1. Roof and Gutter Maintenance
    • Roof Inspection and Repair: The roof is one of the first things potential buyers notice. A well-maintained roof signals that the property has been cared for, while a damaged or leaking roof can be a major red flag. Hire a professional to inspect the roof for any signs of damage, such as missing shingles, leaks, or structural issues.
    • Gutter Cleaning and Repair: Clean gutters are a priority for preventing water damage. Clogged gutters can lead to water overflow, damaging the exterior walls, foundation, and even the interior of the house. Ensure that gutters are free of debris and that downspouts direct water away from the foundation. Repair any sagging or broken sections to ensure they function properly.
  2. Exterior Improvements
    • Foundation and Pathway Repairs: Cracks in the foundation, pathways, or driveways can be red flags to buyers. These issues can highlight underlying structural problems. Patch and repair any visible cracks to improve the property’s appearance and reassure buyers of its stability. We highly recommend having a professional team come out to inspect and repair as this is not a weekend DIY.
    • Repainting or Cleaning Exterior Walls: A fresh coat of paint or a thorough cleaning can significantly enhance your home’s curb appeal. Choose neutral colors that appeal to a broad audience. If repainting isn’t necessary, consider power washing the exterior to remove dirt, mildew, and stains.
    • Landscaping and Yard Maintenance: First impressions matter, and a well-maintained yard can make a big difference. Trim bushes, mow the lawn, and plant seasonal flowers to add a splash of color. Remove any dead plants or trees and consider adding mulch to flower beds for a clean, polished look.
  3. Dock and Deck Repairs
    • Structural Integrity: Ensure that the dock and any decks are in excellent condition. Check for loose boards, rusted nails, and other potential hazards. Replace or repair any damaged parts to ensure safety and functionality. LMDC does offer a free walkthrough of what recommended repairs are needed. Schedule a free consultation here.
    • Surface Treatment: Repaint or reseal wooden surfaces to protect them from the elements and give them a fresh, appealing look. Choose finishes that complement the natural surroundings and enhance the aesthetic appeal of the waterfront.
    • Safety Features: Ensure that all safety features, such as railings and non-slip surfaces, are intact and in good condition. Buyers will appreciate knowing that the dock and deck are safe for family and guests. We go more into the dangers of outdated decking here.

Value of Docks

When it comes to selling a lakefront property, one of the standout features that can significantly enhance its appeal and value is the dock. A well-maintained or new dock is more than just a place to park a boat, it represents a lifestyle of leisure and convenience.

  1. Appeal to Boaters and Water Enthusiasts
    • Convenience for Boat Owners: For buyers who own boats or plan to purchase one, a sturdy, well-maintained dock is a major selling point. It provides easy and immediate access to the water, making it convenient for boating, fishing, and other water activities.
    • Water Sports and Recreation: Even for those who don’t own a boat, a dock offers a platform for various recreational activities such as swimming, paddleboarding, kayaking, and sunbathing. Highlighting these possibilities can attract a broader range of buyers interested in water-based fun.
  2. Aesthetic and Functional Enhancement
    • Scenic Property: A dock extends the living space of the property out over the water, creating a picturesque view that can be enjoyed from the shore or the house. This scenic enhancement can make your property more appealing in photos and during viewings.
    • Outdoor Living Space: A dock can serve as an additional outdoor living area. By staging it with comfortable seating, potted plants, and perhaps even a small dining setup, you can showcase it as an extension of the home where buyers can envision themselves relaxing and entertaining.
  3. Property Value Increase
    • High ROI: Investing in maintenance or construction of a new/updated dock often brings a high return on investment. Buyers recognize the value and convenience a dock adds, making them more likely to offer a higher price for a property that includes this feature.
    • Competitive Edge: In a competitive real estate market, having a well-maintained dock can set your property apart from others. It can be the deciding factor for buyers choosing between your home and another that lacks this feature.

Strategic improvements and proactive maintenance are highly recommended for maximizing the saleability and value of your lakefront property. Consider what time it takes to build the value of a lakefront property and work with experts who will work with you to build that ROI.

Ready to showcase your lakefront property’s full potential? 

Contact us today for a personalized consultation. Our experts will guide you through the process of preparing your home for the market, ensuring it stands out and attracts the right buyers. Let’s highlight the value of your dock and make your property shine.

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