Based on the positive trends forecasted for real estate this year, CNN Money posted a handy guide for homeowners who wish to cash in on the current climate and make the most out of it. Where remodeling is concerned, finance writers Lisa Gibbs and Amanda Gengler recommended making changes now to take advantage of the present market conditions and rise above them. In an article dated April 3, 2014, CNN Money said:
Do you live in one of the tonier areas of your city? Here’s good news: It should be easier to sell this year.
With jumbo rates now closer to those of conventional loans, and buyers more confident, sales volume for expensive houses is on the upswing. In January the number of U.S. homes selling for $500,000 to $750,000 picked up 15% vs. a year earlier, compared with a 6% drop for $100,000 to $250,000 homes, according to the National Association of Realtors…
…Renovate sooner, not later. Don’t let dated features drag down the value of your home. Owners thinking about remodeling have good reason to act now. Quality contractors, already busier than they have been in recent years, are likely to get even tougher to snag. Then there’s the issue of rising rates, which would push up the cost of new home-equity loans and most lines of credit.
This spring, one of the most important areas that deserve careful consideration from homeowners concerns their windows in Monmouth County, NJ or in other areas. Installing a new style or design, for instance, can improve the home’s aesthetics and boost its market value considerably – which will help the promotional efforts of those who want to sell.
To further outline the advantages of repairing or replacing house windows in Monmouth County, NJ and the surrounding locales, homeowners can commission professional contractors such as All County Exteriors. With a track record founded in high-quality workmanship and a long list of satisfied clients, homeowners are assured of reaping the advantages that come with a superior remodeling project. In addition, the company offers other exterior home improvement solutions so clients do not have to look further to get their needs taken care of.
(Article Excerpt and Image from The sunny outlook for housing in upscale neighbourhoods, CNN Money, April 3, 2014)