Upgrades? Update? And This Weeks Closed Sales

Many times Home Owners ask me whether they should do certain upgrades or improvements to their home before they list it to be sold. Although any home can sell if it is priced correctly for it’s condition,  sometimes a small improvement can help it show better, take less time on the market to get an offer and get a better offer. Many buyers simply do not want to deal with having to do a lot of work once they move in and prefer it to be move-in ready or close to it.

Below is the top ten list of upgrades or features that a buyer is willing to pay extra for (above the median price in the area) to get in a home. Some of them are major investments and I do not recommend that unless you are planning to stay in your home for several years longer. What you may need to spend to get the others varies with your selections. In all cases be careful in what you choose to upgrade, they return may not be as great as you may think. Choose classic not trendy, and use a licensed contractor when necessary with proper permits.

The Top 10 features as reported.

#10: A fireplace  • #9: Eat-In Kitchen  • #8: Stainless Steel Appliances  
 #7: Kitchen Island  • #6: In-suite Master Bath  • #5: Hardwood Floors 
#4: Granite Countertops  • #3: Walk-In Closet In Master Bedroom 
#2: New Kitchen Appliances  • #1: Central Air Conditioning

Need multiple improvements? Short on cash? Sometimes it is simply better to price the home realistically based on the current features or offer a credit to the buyer to get the work done. 
An experienced, licensed Real Estate Agent can help you decide what makes the most sense in your situation.

Pat Linde-Neidermeyer, Veltri Realtors

Call me at: 732-598-8348

Email: PatatVeltri@Gmail.com

Now Here are the Closed Sales for this Week

AVON BY THE SEA

419 Woodland Ave  $840,000. ; 237 Lakeside Ave  $1,200,000.

BELMAR

105 15th Ave  $400,000.

BRIELLE

517 Borrie Ave  $426,500.

MANASQUAN

68 Manito Rd  $555,000.

SEA GIRT

515 Sea Girt Ave  $610,000. ; 117 Brooklyn Blvd  $2,625,000.

SPRING LAKE

2122 Edgewood Pl  $980,000.

WALL

1727 l st  $300,000.; 1603 Dubac Rd  $617,500.

2248 Ramshorn Dr  $675,000.; 2416 Orchard Crest Blvd  $775,000.

2501 Autumn Dr  $1,200,000.

All closed sale prices listed are as submitted and recorded by the Monmouth Multiple Listing Service. Not responsible for typographical errors.