5 Home Remodeling Projects to Boost Your Property Value in Miami

From the sleek high-rise condos and apartments in Miami to the breathtaking waterfront homes, Miami is a city that exudes luxury and style. Whether you’re a year-round resident or a seasonal visitor, you likely have a few home improvement projects you’d like to tackle this year. Before deciding which projects to take on, you should consider what the most valuable home trends are in Miami so that you’re making a smart investment. Luckily, we’ve put together that list for you. Check out these five home remodeling projects in Miami that’ll elevate your home while increasing its value.

It’s important to note that the median list price in Miami is $567,500, so comparing the list price of different home features can help you determine which upgrades will help you sell for more. 

#1: Formal Dining Room

One of the most popular projects for home remodeling in Miami right now is a formal dining room. Miami is known for its fine dining scene, and having a dedicated space for dinner parties and family gatherings is essential. When remodeling your dining room, consider adding elegant fixtures like a chandelier or wall sconces to create a warm and inviting atmosphere.

Homes for sale in Miami that included a formal dining room sold for a median list price of $1,835,000. 

#2: Cabana

If you love spending time outdoors, a cabana is a must-have for your Miami home. This covered outdoor space is perfect for lounging by the pool or hosting a barbecue with friends and family. Consider adding comfortable outdoor furniture, a grill, and even a bar to create the ultimate outdoor oasis.

Homes for sale in Miami that included a cabana sold for a median list price of $1,000,000.

#3: Private Elevator

If you live in a multi-story home, a private elevator can make it more convenient to move between floors, especially for those that have difficulty going up and down stairs. So, not only is an elevator a luxurious addition to your home, it’s a practical one (if your budget allows) that will add significant value to your home in Miami.

Homes for sale in Miami that included a private elevator sold for a median list price of $1,350,000.

#4: Breakfast Bar

A breakfast bar is another popular project for home remodeling in Miami. Whether you’re enjoying a quick meal before heading out for the day or entertaining guests, a breakfast bar is a versatile addition to any kitchen. Consider adding bar stools and pendant lighting to create a stylish and functional space.

Homes for sale in Miami that included a breakfast bar sold for a median list price of $875,000.

#5: Stainless Steel Appliances

Updating your kitchen appliances to stainless steel is a great way to modernize your Miami home. Stainless steel is not only stylish, but it’s also durable and easy to clean. Plus, it can add value to your home if you decide to sell in the future as many homebuyers living in Miami value updated features. 

Homes for sale in Miami that included stainless steel appliances sold for a median list price of $599,000.

Per home listing data on Redfin.com, as of April 2023.

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