Benefits of Exterior Remodeling

Pathway

Curb Appeal

As the housing market continues its slow recovery, numerous NJ homeowners are seeing it as an opportune time to put their homes back on the market for resale. As homes are being returned to the market, property appraisers like Abbe Edelman are in higher demand. For those who are preparing their home for resale, it is imperative to get it ready for the property appraisal both inside and out. There are many types of benefits from both exterior and interior remodeling projects, but there are some specific benefits that are realized from exterior home remodeling projects.

Improving Curb Appeal

Exterior remodeling projects can enhance the physical appearance of the home. This is an essential part of getting the home ready for resale since it is usually the very first impression a potential buyer gets of the house; it needs to be a good one as there is never a second chance to make a good first impression. The secondary benefit that comes from improving the aesthetic appeal of the home is that it can make the home more pleasing to buyers and this can mean a much quicker sale. Exterior home remodeling projects can be as extensive as exterior painting or window replacement; or it might be simply patching up the home’s siding or gutters.

Property Appraisals

When a homeowner is putting their property up for sale they typically obtain a property appraisal. There are many factors that go into a property appraisal which is basically a solid, professional estimate of what the home is worth and what it might sell for on the market. A property appraiser will not thoroughly inspect the house, but they will take a quick run through and look at the major features and overall condition of the property. They also consider the neighborhood and its overall condition in the appraisal. Along with the physical features of the house an appraiser such as Abbe Edelman will also consider other similar properties and what they are selling for on the market. By completing an exterior remodeling project that improves the aesthetics or energy efficiency of the home, it can in some cases help increase the overall value of the home.

Make a Quicker Sale

When a home appears to be well maintained inside and out, a potential buyer is more likely to pursue the purchase as it is an indication that the homeowner has taken good care of the property. An exterior home remodeling project can be a huge signal to the potential homeowner that the home is well cared for and that there are not any hidden damages that are being disguised by the homeowner. This can help assure the purchaser that the home is in great condition and this can be the deciding factor which helps the home sell much quicker once it is back on the market.

Providing Additional Space

When considering various types of exterior home remodeling projects homeowners may want to consider outdoor living spaces such as decks or gazebos. These can have several benefits one of which is providing additional space. When they are done correctly, they can also translate into more value for the home. Outdoor living spaces such as decks, outdoor kitchens, or patios are generally viewed as additional space even if they are not counted in with the square footage of the house itself. These types of structures provide a space where the family and guests can enjoy the great outdoors while still having an element of protection. Outdoor living spaces are capable of providing additional storage spaces, or extra areas in which guests can be entertained.

About Abbe Edelman

Abbe Edelman is a licensed property appraiser in New York and New Jersey, he is the founder of Regency Property Appraisers

Posted on February 7, 2013, in Home Remodeling, Property Appraisal, real estate, real estate value, selling a home and tagged , , , . Bookmark the permalink. Leave a comment.

Leave a comment