Renovations with the Best Returns for 2017

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If you've been kicking around the idea of some home improvements, but aren't sure which ones make the most financial sense, don't miss "The Renovations That Will Pay Off the Most for Your Home in 2017" published by Realtor.com.

While some renovations sound like they're a home run for your home's value, in actuality big-ticket projects recoup far less than some of their simpler counterparts.

For example, adding fiberglass insulation to your attic has an astonishing estimated return of 107.7% compared to a bathroom addition, which averages only a 53.9% return.

The report compares the average cost of the project to the expected value at the time of resale. Here are the top 10 projects and their ROI percentage:

1. Fiberglass attic insulation (107.7%)
2. Steel entry door upgrade (90.7%)
3. Manufactured stone veneer (89.4%)
4. Minor kitchen remodel (80.2%)
5. Garage door replacement (76.9%)
6. Siding replacement (76.4%)
7. Wooden deck addition (71.5%)
8. Second-story addition (71.1%)
9. Basement remodel (70%)
10. Family room addition (69.3%)

You can read a more detailed analysis of the projects (plus the next 9 projects in the ROI list) here: http://www.realtor.com/news/trends/best-and-worst-renovations-to-make-in-2017/

Of course, ROI is only one factor in choosing a home renovation. Some projects pay huge dividends in the pleasure they give you while you live in your home. Having a second bathroom with two teenagers in the house? Priceless!

Which renovations are you considering? How concerned are you about your return on investment when the time comes?

When you're ready to cash in on your investment, give me a call! I'm here to help you get top dollar for your home:

Marie Episale, REALTOR, ePRO
Century 21 Crest Real Estate
Pompton Plains, NJ
Broker-Salesperson, Sales Manager
201-314-0106 cell/text
973-646-7423 office direct

Making Your Home "Age in Place" Ready

If you love your home and plan to live it in through your retirement years, you'll want to be sure it's safe for you as you face some of those little challenges aging presents. Assess your home and see if there are any changes you may need to make. Doing so will not only reduce the risk of injury, but it will also give your loved ones peace-of-mind, especially if you live alone.

Here's what you'll want to inspect as you consider aging in place:

1. Bathroom handrails. Next to the toilet and tub are top choices. Not only are they there for moments of instability, but they can help you raise and lower yourself more easily. You might also consider converting to a walk-in shower with a seat.

2. Non-slip surfacing. Showers and tubs are much safer if you reduce the chance of slippage. Having coating installed to facilitate your grip is a good idea.

3. Stairway railings. Both inside and outside stairways should have sturdy, useful rails (i.e. not just decorative).

4. Ample lighting. Consider adding lighting indoors and outdoors. Decreased visibility is a major contributor to falls. Lighting also adds security by deterring would-be burglars.

5. Sharp edges. Tables, countertops, and other areas were sharp edges are likely to be found should be replaced with rounded surfaces.

6. Flat thresholds. Transitions from room-to-room should be as bump-free as possible. You may be used to stepping over the occasional random stair or elevated threshold, but you might not be so agile as you age.

7. Storage height. If you've been used to climbing up and down step ladders to access your storage spaces, look for alternative storage options.

8. Furniture support. Is your couch too low? Do your chairs have arm rests for support? Are countertops too high? Find the sweet spot where comfort and safety meet.

Home size is often an issue as well, especially if there are upkeep and maintenance issues to consider. Of course, if you've decided your current home isn't the greatest for an age-in-place approach to your golden years, I am happy to get you the help you need to sell your current home or look for a new one:

Marie Episale, REALTOR, ePRO

Broker-Salesperson, Sales Manager

CENTURY 21 Crest Real Estate

Pompton Plains, NJ

973-646-7423 office direct

201-314-0106 cell/text

mepisale@gmail.com