The latest and greatest in Sanibel real estate is about how simple improvements raise property values and quality of life for owners and visitors.
Industry consultants found that modest renovations on Sanibel Island can yield significant returns. The news comes from a recent study of accommodations on the island, commissioned by the Lee County Visitor and Convention Bureau and conducted by The Highlands Group of Atlanta.
The results of the study show that Sanibel rental owners can receive significant returns on renovations if they’re willing to put in a little investment. According to rental property managers on the island, owners who have renovated have seen rental revenue increases from $35,000 to $50,000 a year.
The founder of The Highlands Group said that “wise and modest unit renovation investments on Sanibel can be recouped in two years” and that “in addition to increased revenue and resale value, a renovated unit costs significantly less in maintenance and utilities.”
“wise and modest unit renovation investments on Sanibel can be recouped in two years”
The full results of the study will be shared at a CASI (Condominium Associations of Sanibel, Inc.) breakfast on Wednesday.
To learn more about Sanibel real estate, whether you’re buying, selling, or just looking, contact us, search our MLS for available properties, or get in touch with one of our Sanibel realtors.
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