PRINCETON, NJ -- To get the best return on resale, consumers need to choose their home renovations wisely, says www.RealEstateJournal.com, The Wall Street Journal's guide to property.
www.RealEstateJournal.com says homebuyers are willing to pay more for central air-conditioning and fireplaces, eat-in kitchens, utility rooms and in-ground swimming pools. But they don't want to pay extra for dining rooms, dens or studies, intercom systems, kitchen pantries, above-ground swimming pools, home offices or in-law suites.
Bathrooms and swimming pools always have added value, but some other home improvements are more susceptible to fading in and out of fashion. Some of the renovations costing under $10,000 that are worth doing in today's market include installing granite countertops, new carpeting, a pull-out kitchen faucet, melamine closet systems, synthetic entry doors, laminate wood floors, body-spray showerheads and garage storage systems.
"It isn't how much you spend, it's how you spend it," says Valerie Patterson, senior producer, www.RealEstateJournal.com. "The trick is to bring your home up to neighborhood standards, but no higher."
Here are some tips from www.RealEstateJournal.com for those contemplating home renovations:
* Remember that you're in it for the long haul -- count on a major home
remodeling taking as much as twice as long as you'd planned.
* Expect the unexpected -- set aside as much as 20% of your budget for
contingencies.
* Relationships with contractors are everything -- communicate with your
contractors all the way through.
* Count on as much as one-fourth of your budget being taken up by finish-
work -- this includes everything from light switches to the kitchen
sink.
* Don't pay too quickly -- if you do, you won't have leverage if something
goes wrong.
For more information on real estate, visit www.RealEstateJournal.com.
About www.RealEstateJournal.com
www.RealEstateJournal.com, The Wall Street Journal Guide to Property, is the Internet's premier site for people seeking real estate guidance for both commercial and residential properties.
About Dow Jones & Company
Dow Jones (NYSE: DJ; www.dowjones.com) publishes the global Wall Street Journal with its international and online editions; Barron's; the Far Eastern Economic Review; Dow Jones Newswires and Indexes; MarketWatch; and Ottaway newspapers. Dow Jones co-owns Factiva with Reuters, SmartMoney with Hearst and CNBC television operations in Asia and Europe with NBC Universal.
Source: www.RealEstateJournal.com
|
| Notes:
CONTACT: Beth Brody, Brody PR for www.RealEstateJournal.com,
+1-609-397-3737, bebrody@aol.com
Web site: http://www.realestatejournal.com/
http://www.dowjones.com/
About This Release
If you have any questions regarding information in this press release, please contact the organization listed in the press release. Issuers of press releases and not TCI are solely responsible for the accuracy of the content.
 | |
| Advertisement |
|
