Condo Amenities That Increase Home Value in Downtown Sarasota

Condo Amenities That Increase Home Value in Downtown Sarasota


Downtown Sarasota boasts a vibrant lifestyle with cultural attractions, stunning beaches, and a thriving culinary scene. Condo ownership is a popular option for those seeking a convenient and amenity-rich living experience. However, with numerous condo buildings competing for residents, understanding which amenities increase home value can be a significant advantage. This blog explores condo amenities that can make your downtown Sarasota condo more attractive to potential buyers and enhance its value.

Fast Facts About Amenities That Increase Home Value

Condo amenities play a significant role in enhancing the value of a property. When considering a purchase, potential buyers often look for value-added features that improve their quality of life and promise a good return on investment. Consider these facts about amenities that increase home value:

  • A park or recreational open space nearby can increase the property value of homes by 8-20 percent.

  • Homes within walking distance to schools, parks, stores, and restaurants can see a value increase ranging from $4,000 to $34,000, as noted in a 2009 study by CEOs for Cities.

  • The construction of a new sports stadium can enhance property values within a 2.5-mile radius by an average of $2,214.

  • Having mature trees on your street can raise the home value by 3 percent.

  • 35.5% of children aged 0-17 have access to a park or playground, a recreation or community center, a library, and sidewalks or walking paths.
Did you know that about four-in-ten households (42%) would prefer a community where houses are smaller and closer to each other, but schools, stores, and restaurants are within walking distance? Considering the following amenities that increase home value, you can make your downtown Sarasota condo more attractive to potential buyers and enhance its value in the competitive real estate market.

Breathtaking Views

In a coastal paradise like Sarasota, waterfront views are a coveted amenity. Condos with balconies or terraces overlooking the bay, marina, or lido beach offer an undeniable allure and can significantly increase home value. High-floor units with expansive panoramic views of the city skyline can also be a major selling point for potential buyers seeking a modern and vibrant downtown lifestyle.

Luxury Outdoor Spaces

Florida's year-round sunshine makes outdoor living a priority. Condo amenities that increase home value often focus on creating inviting outdoor spaces. Look for buildings with rooftop terraces featuring stunning views, infinity pools, comfortable lounge areas, and areas for grilling or entertaining. These features enhance the condo's appeal and cater to residents who enjoy spending time outdoors.

Proximity to Retail and Essentials

One of the most significant factors that can increase the value of a condo is its proximity to retail and essential services. Being close to grocery stores, pharmacies, banks, and other necessities adds convenience and desirability to a property. These high-demand home attributes ensure that residents have easy access to everything they need without long commutes or travel times.

Resort-Style Amenities

Resort-style amenities are highly sought after and can significantly enhance the value of a condo. Features such as swimming pools, fitness centers, spas, and lounge areas provide a luxurious living experience for which many buyers are willing to pay a premium. These luxury inclusions offer a lifestyle that feels more like a vacation than everyday living, making the property stand out in the market.

Walkability

Walkability is a crucial factor that can enhance a condo's value. Properties located in areas with high walkability scores allow residents to access parks, cafes, restaurants, and public transportation on foot. This desirable neighborhood feature is particularly attractive to urban dwellers who prefer the convenience and health benefits of walking over driving.

Dog Parks

Pet-friendly amenities like dog parks are becoming increasingly popular and can add substantial value to a condo. These high-return home additions cater to pet owners who seek convenient spaces for their pets to exercise and socialize. A well-maintained dog park within the condo complex offers an appealing feature for potential buyers with pets.

Highly-Rated Schools

Proximity to highly-rated schools is a significant factor that can enhance the value of a condo. Families often prioritize access to quality education when choosing a home, making condos near top schools highly desirable. This real estate value booster assures parents that their children will receive a good education without long commutes.

Eco-Conscious Features

Environmentally conscious buyers appreciate condos with sustainable design elements and energy-efficient features. Look for buildings with amenities that increase home value, like green roofs, low-flow water fixtures, or energy-star-rated appliances. These features benefit the environment and can lead to lower utility bills for residents, making the condo more attractive in the long run.

About Ian McPherson

With over 25 years as a Florida resident and over a decade in Sarasota, Ian McPherson brings unparalleled local knowledge and expertise. Ian’s dedication to customer satisfaction and loyalty has made him one of Sarasota County's top-producing real estate agents. With a background in sales, marketing, and customer service, Ian ensures you receive top-notch treatment. 

Ready to join the winning team? Call Ian McPherson today to book an appointment and achieve your real estate goals.



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