Thursday, August 22, 2013

Home Renovations That Add Value to Your New Jersey Home

As a Millburn-Short Hills homeowner, at some point, you’ll probably want to do some renovations on your home. Whether it’s a few upgrades here and there, or a total makeover, you want to make sure you choose renovations that will add value to your home. That way, when you decide to sell your Millburn-Short Hills home, you’ll attract more potential homebuyers and receive a higher return on investment!

As your New Jersey real estate agent, I’d like to fill you in on the home upgrades that will best increase your home value. You want to stick to changes that are long-lasting and that won’t go out of style. These upgrades have been in for many years now and don’t seem to be going anywhere! That way, when it comes time to sell your house, you won’t have to upgrade it again in order to get with the times.

So when renovating your home, here is what you should stick with and why:
  • New appliances. Homebuyers will definitely look at your appliances when home searching, so this is a great way to add value to your home, especially if you make them stainless steel or with an Energy Star rating. The newer the appliances are, the higher your home value.
  • Granite or stone countertops. While laminate countertops are cheaper, they don’t last as long. Granite and stone are very durable and will last years of wear and tear. Plus, they look sleek and visually appealing. Homebuyers lover these in the kitchen and bathrooms.
  • Hardwood floors. This is something that never goes out of style. Carpeting gets dirty and allergenic, laminate gets stained, tiles are hard and cold… hardwood wins. It looks sophisticated and clean, and it brings an earthy appeal into the home. To save money, Pergo flooring is a laminate wood that is cheaper but looks like the real deal.
  • Woodwork and molding. An easy way to add more visual appeal throughout the house is molding with wood around doorways, ceilings and walls. Crown molding is big, and chair rails look great in a dining room. This simple addition makes any room look more sophisticated.
  • Neutral colors. You want your paint colors to express who you are and your taste, but you also want them to be neutral, earthy tones that fit every personality type. In this AOL Real Estate article, a home designer says if you want red, put it in the dining room above a chair rail, but never in a bedroom. Just be smart about how you color your home.
If you’ve got a budget, it’s best to begin your home renovation in the kitchen and bathrooms, with appliances, fixtures and countertops. These will add the most home value and gain the most interest from potential homebuyers. After that, you can work your way through the other upgrades.

Have questions? Ready to sell your Millburn-Short Hills home? Give me a call, your Millburn-Short Hills real estate agent! I’m here to help!

Elaine Pruzon
Coldwell Banker Residential Brokerage
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