Top 4 Home Renovations for Maximum ROI

Some Highlights:

Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most “Return On Investment” (ROI).

While big projects like adding a bathroom or a complete remodel of a kitchen are popular ways to increase a home’s value, something as simple as updating landscaping and curb appeal can have a quick impact on a home’s value.

Why School Districts Are Important When Buying A Home

One of the most common things that our customers ask when inquiring about our properties is the school districts nearby. Fortunately, the school districts in New Jersey are known for being of high-quality, but some areas are certainly better than others. Here are the top reasons why you should consider the school district in your home search area.

  1. Your children’s education. If you have children, a great school district sets them off on the right foot. A great high school can lead to better performance on standardized testing, greater admission rates at high quality colleges and universities, and high-achieving degrees that can lead them to a life of success.
  2. Neighborhood quality. Whether you love children or fantasize about reaching the age where you can move into a senior living complex without those “little monsters,” your neighborhood depends on the qualities of the families who live in it. When you live near a good school, your chances are higher of living in a nice neighborhood where the kids are respectful, the community is closely engaged, and people care about their neighbors.
  3. Resale value. By this point, our child-free customers are probably rolling their eyes. Really, do you need to consider school districts? Our experience says yes! Unless you are 100% certain that you want to live in your house forever, you should always keep an eye open for resale opportunities. This is like planting seeds for your financial future! A home in a great school district can make your home sell faster, higher, and easier, so even if you do not have children, this can be an investment into your own future.

To find out more great tips about buying and selling homes in NJ, contact the D&L PowerTeam today!

Should I Buy or Rent?

For most first-time homeowners, the question of whether to buy or rent is a big one. You may have spent all your life renting, or maybe you just spent it living with parents, in a college dorm, or with a partner. But the decision to rent or buy is one of the biggest. Check out these five questions below to determine whether you should rent or buy a home in NJ.

Do you want to move? If you like the idea of traveling and moving house frequently, renting may be a better bet. One of the biggest advantages to renting is that you can pack up and move with little notice—and take your resources with you. That being said, if you know that a home in Sussex county is for you, buying is your best plan!

Do you know how many rooms you’ll need in the future? Imagine finding the perfect two-bedroom, a nice view, and a beautiful yard. This might be what you need now, but are you planning to start a big family soon? Alternatively, if your family is older and ready to move on, you may want the flexibility of going from a big house to a smaller one.

Are you a DIY-er? Home ownership comes with many responsibilities, and repairs are one. On the other hand, home owners can repaint, remodel, and enjoy the freedom to “do it themselves” whenever they choose.

How’s your credit? Unfortunately for those of us who have played too much in our youth, credit can impact your home purchase. If your credit is very poor, we can definitely find you a loan—however, some clients will spend a year or two renting and fixing credit.

Money now or money later? Renting is often cheaper in the short term. There is no down payment, no closing costs, and no commitment. However, over a period of 5-15 years (depending on your market), home ownership will pay itself off in a way that renting never will.

Remember, when you own property, you are investing in your future! However, that does not always mean that “right now” is the best time to buy. To discuss your financial and home buying situation in detail, set up an appointment with our real estate power team today!