April 23, 2019
If you knew, really knew what New Jersey home buyers were looking for, how would that affect changes you would make to your house today?
Beyond “location, location, location” there are three specific areas you might focus on which have universal appeal to homebuyers. Even if you aren’t prepping for a sale just now, these three projects enhance your enjoyment of your home now and add to your resale value later.
- Upgraded kitchens and baths top the list
- Where security is a concern, installing an alarm system is one improvement you can inexpensively make that not only lowers chances of a burglary but increases the homes desirability
- Energy efficient windows, fixtures and appliances are next on the priority list. These will help reduce your utility bills right away while adding value in your equity account
Homeowners are sometimes hesitant to upgrade when it’s time to sell. After all, you won’t be living there much longer, is it worth it to your bottom line to take on the cost? Home remodeling efforts only increase home values by about 64% of the average project’s actual cost. What you need to consider is what the cost of inaction may be.
While you may experience a short term and small loss on any home improvement project, when the time to sell arrives you may find the cost is far greater than thought. Lingering on the market while other homes sell, anxiety over every showing, stress induced by low offers or far worse – no offers! Meanwhile, every month that passes you are making mortgage payments, paying for upkeep and any homeowner dues.
What you want to do is make decisions about your remodeling budget that focus on those areas that will bring you the greatest return on the investment you will make.
Consider these ideas, which 80% of today’s buyers indicated are of importance to them:
- CONVENIENT LAUNDRY ROOM
- HARDWOOD FLOORS – CONTINUE TO BE MOST POPULAR!
- ORGANIZED GARAGE STORAGE
- EATING SPACE IN KITCHEN; EVEN WITH A FORMAL DINING ROOM
- TECHNOLOGY EQUIPPED HOME OFFICE
92% of the buying market not only wants a move in ready house, but are willing to pay a higher price to get what they want most. Your local marketing specialist can help you get what you want most – to be at the top of local buyers see and buy list!