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Real Estate Tips
Bargain Properties >Bargain Homes

Most buyers want a home that is in tip-top condition and ready for them to occupy, but many homes sell for bargain prices because they need work. Buyers love "fixer-uppers" for the obvious reasons: the affordable price and the satisfaction of remodeling the house to accommodate your tastes and needs.

Whether you are buying the property for yourself or as an investment, choose a house that is in a good location and structurally sound. It should be priced enough below market value (usually 25%) to allow plenty of room for a profitable re-sale after the work is completed.

It is important to educate yourself before taking on a fixer-upper project. Inexpensive cosmetic improvements often give the greatest return on your investment-- paint will increase the value three times for every dollar invested. Landscaping, carpeting, and light fixtures are also relatively inexpensive improvements. Try to avoid purchasing a house that needs expensive structural improvements such as a new roof, plumbing, wiring, or foundation repairs.

Remodeling a kitchen will rarely add more than the cost of the upgrade, but new appliances usually give a fine return. An extra bathroom is the best renovation from an investment point of view, often giving twice its cost in added value.      

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Real Estate Trivia
Q 
What economic factor can make the purchase of a home an excellent long-term investment?

A 
Home price appreciation can result in a substantial return on the buyer's investment as a house increases in value over time.
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George Golden, REALTOR®, real estate agent and broker for Manalapan, Marlboro and Old Bridge, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

George Golden
Coldwell Banker

335 Rte 9 South
Manalapan, NJ 07726
office: 732-462-4242
Fax: 732-462-5792
cell: 732-462-2605
georgegolden@NUMBER1EXPERT.Com

Selecting the right real estate agent is one of the most important decisions you will make. If you are buying or selling a home you will need an agent who will work for you. I can help you through honesty, integrity, sincerity, price strategy, strength of my marketing plan and extreme knowledge of the market. I am a full-time professional REALTOR.

My career as a sales associate includes experiences in all phases of real estate from residential resales and new homes to land sales. This experience makes me uniquely qualified. I will apply years of experience and understanding of making your real estate dreams come true.


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