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Buying a Diamond of a Home, well what could be a Diamond of a deal |
Wednesday, 09 April 2008
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In our current real estate market, you can get a very good value if you are willing to buy a home and fix it up. There are some key things to look for that can turn a rundown home into a gem. Here are some easy ideas to gain instant equity in your real estate. 1. Wall paper is easy to remove or have removed. Frequently homes with wall paper appear dated. Buying a $30 clothes steamer and stripping the wall paper and replacing it with a nice neutral paint will turn a dingy room into one is much more attractive. 2. Carpet is also very easy to replace and it is not really that expensive. I would hire this job out. 3. Adding central air conditioning is also a huge improvement. This can come with a significant price tag; however, if you need to replace the heating and air at the same time, you will get more for your money. Home buyers love when the major systems have been replaced recently. 4. The outside of the house is very important as well. Be sure that you add some landscaping. It does not have to be expensive or extravagant. It just needs to look nice. There are also a few things to avoid as well. 1. Asbestos - in some older homes the pipes were wrapped in asbestos. This is a very expensive item to remove. 2. Check the plumbing. Certain homes have galvanized steel plumbing and the pipes may be corroded. The average life for those pipes is about 80 years and if your home is newer, it likely has copper. If your home was built in the late 70's or 80's, check for polybuteleane piping. This piping needs to be replaced as it can suffer catastrophic failure (it is grey in color). Replacing plumbing if the home is on a slab or there is lots of plumbing in the walls can be very expensive. 3. The lot can also make a huge difference in resale. As noted above, landscaping can be an inexpensive way to add value to real estate, however, if your lot is in a hillside or slopes downward toward the house, resale in a buyer's market will be difficult. Finding the best value in a home can be easy, if you follow some simple rules. Just look for the things that are easier to fix. A little hard work can make a big difference in price appreciation at time of resale. Happy House Hunting. Article Source: http://www.ArticleBlast.com |
James Boyer NJ REALTOR specializing in the Midtown Direct real estate markets of Norther New Jersey. Thinking of buying or selling check out James Boyer's website at Morristown NJ Real Estate. There you will not only find great information about the Morristown NJ real estate market, but you will also find the best MLS search tools available to the public, and you will find some interesting pictures of Morristown NJ as well as many of the other wonderful towns of the Midtown Direct New Jersey Transit train line.
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