Does it Pay to Remodel?

The best home improvements for 2010 are small in scale. The projects completed with the biggest financial gain will cost under $15,000.

Whether you are a person who plans to stay in your home for a long time of time, or somebody who will only stay for a short period, there are benefits to remodeling. There is great information for all homeowners who are considering remodeling in the 2009 Remodeling Cost vs. Value Report, produced annually by Hanley Wood, LLC, Remodeling magazine and Realtor magazine. There is an interesting report that indicates that during the past four years, homeowners have been leaning towards low-cost home improvement projects.

If you are looking for a home improvement project that will give you a 75 percent return of its cost, you may consider the following, a wood deck addition, siding replacement, window replacements, a basement remodel or a minor kitchen remodel. Something as basic as installing a steel front door, will give you a return of more than 128 percent. Home office remodeling and sunroom additions are the two projects with the lowest return.

With today’s tough times it has been estimated that 80 percent of contractors are dropping prices. So be sure to get several estimates before you start any home improvement projects that way you will be certain to get the very best price.

For more great reasons to by a home in 2010, please click on The Best Time to Buy a Home is Now!

If you have been patiently waiting to buy a Hoboken home, now is the time to do it while the home buyer’s tax credit is still in effect. All of the key factors are in place to ensure that your home purchase will be a major, positive life changing event.  With low mortgage rates available, along with the recent passing of the new tax credits, this is the opportunity you have been waiting for. Please click on tax credit information for more details.  Make 2010 the year you purchase your dream home. For more information contact Eddie Perez, Broker-REALTOR, CDPE. Eddie’s market includes Hoboken, Jersey City, Weehawken and Union City.  Eddie can be reached at eddie@InvestHoboken.com or 201-344-2886.

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