It’s What’s On The Inside That Counts Thus, after years of restraint and discipline, property owners (and those seeking to purchase property) are eager to move forward with updating, upgrading and renovating.
We’ve all heard it; it’s an old and familiar adage. There is another maxim that takes the first one up a twist and to another level. It reads something like this: What’s On The Inside Always Makes Its Way Out. Put another way, you can try to cover it up but it will make itself known in the end.
Life on an island conjures many visions from beachy natural and retro rustic, to multi-storied mansions to single floor bungalows; from high-gloss imported wood floors to unfinished local pine planks; from the traditional nautical color palette to sand-inspired muted tones. Tastes and budgets that go along with the lifestyle vary as widely as the amenities within the communities on the Island, yet it all seems to work. It’s a coastal thing.
Hilton Head Island is unique in many ways but since this is a real estate blog, we’ll keep the focus on real estate. I often receive calls from prospective clients who call in after visiting my website. They are somewhat confused over pricing—they are inquiring as to why one house or villa is so much more expensive than another when they appear to be about the same age and approximately the same square footage. The simple answer is the same as it has been since the dawn of time: location, location, location. Other first-call questions include: Why is one community priced so differently from the other? How can homes on the same street fetch such wildly different prices? Is oceanfront always more expensive? What are the differences in villa complexes? Do people live in Sea Pines and Palmetto Dunes or are they just resort/rental properties?
You want to sell your home, but it needs some work before you put it on the market. There are no major structural issues, the roof is good, the siding has held up well; it just needs some tweaking to get it up to standard with —and preferably beyond—comparables currently on the market. What are the best upgrades and replacements for the money? Well, it depends on the house, and, of course, the location. But more than that, it depends on the market to whom you are selling.
Let’s say you have a home near the beach. Maybe it’s oceanfront, second-row, third-row (or even further back) and it was built after 1977 (so it conforms to FEMA flood elevation standards). It’s been a good house, it’s a great size, it was built well, has a garage and maybe even a finished room above the garage for the kids to play ping-pong and watch television; but, since it was a second home and you used it only occasionally through the years, it needs some cosmetic work (exterior and interior painting, carpet), new landscaping (a lush new lawn makes for great head-turns), the black appliances need to be replaced with the sleek stainewnless steel ones, and the laminate kitchen/bath countertops needed to go ten years ago. Oh, and the kitchen and bath cabinets are showing their age, too. Now that you are giving it serious consideration, everything needs to go. But wait. You want to sell it. Why would you put so much into selling it when you can’t possibly get it all back when it closes?
Sea Pines Home
Building is back in style! Of course, it never went out of style; it just took a back seat to more pressing issues of the day. Many lot owners who purchased at the height of the market (2005-2006) and who fully intended to start construction immediately after closing, had second thoughts about doing so. Reasons for delaying construction varied; topping the list, however, was the postponement of moving plans due to the economy and the fact that slow home sales and falling prices elsewhere were prohibiting that move. Many lots sat empty for many years. Then, as it always does, things turned around. Building permits are being issued again and the island is experiencing an architectural and construction boom…and that is a good thing! New construction, whether it is from the ground-up or whether it is a major remodel is a needed and beneficial driver of the island’s well-being.
As one of the most desirable resorts in the world, Hilton Head Island is acclaimed for its beautiful beaches, spectacular golf, luxury real estate, coastal and casual lifestyle, noted cultural organizations and myriad outdoor activities. Two bridges removed from the mainland, the island hosts a variety of lifestyle choices including oceanfront, ocean-oriented, deepwater, marsh and inland single-family homes, condos, and villas. Cost points vary by location with water features fetching top tier pricing.