The Best Bank For Your Buck LBI Real Estate Home Renovations
Renovating a home on Long Beach Island can be an exciting process. Many homeowners, especially in the wake of Hurricane Sandy, have engaged in the process of updating their home. Home renovations can be a slippery slope, and it is easy to overspend on such a project. Therefore, it is important to understand the best ways to renovate your Long Beach Island home to maximize the return on your investment.
The Best Ways to Renovate Your Long Beach Island Home
There are a few core areas the any LBI home renovation should focus on. They are:
- Kitchen Cabinets
- Bathroom Fixtures
The list above represents home renovation projects that are comparatively simple and should generate a positive return on your investment (assuming you hire a reputable contractor). One of the areas of most visible improvement in a home is the floor. Many homes on Long Beach Island have carpet which is perhaps the worst flooring option one can install on LBI. Carpet can retain the moisture in the air and hold a musty smell. For this reason, carpet can in many cases detract from the value of a home. Swapping out carpet for a more durable flooring option such as hardwood flooring for tile, while more expensive, can actually increase the value of a home and make itself more quickly in the LBI real estate market. The additional items noted above can give a home a more updated feel and be far more appealing to a buyer on Long Beach Island.
Selling a home on Long Beach Island requires a careful understanding of the local LBI real estate market trends, a pricing strategy, and a comprehensive marketing plan. Part of the marketing of a home involves preparing a home for sale. This can include staging, and in some cases renovating a home to make it more appealing. Each home is different, and the renovations noted above are mostly cosmetic. Clearly this would not be advantageous if a home has suffered major structural damage or requires more pressing work to be done. That said, many homes will benefit from simple renovations both for immediate use and for future market value. For more information about the LBI real estate market or the best ways to renovate your Long Beach Island home, contact me and I will respond right away.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | email@example.com