New Jersey real estate forecasters say it’s a buyers market, but it is much better to sell when it’s a seller’s market. The “once-in-a-generation opportunity to buy …with once-in-a-lifetime mortgage rates,” are still in effect. Yet, if you can afford it, it may make sense to wait to sell and rent your house instead. Some forecasters predict that in a few months we will see homes selling for substantially more than they are now.
To make your home rental ready and to attract a good quality tenant, there are several improvements you can do or have a professional like Curb Appeal Design do for you. Repair and replace any unsightly items like carpets, rotted fences, damaged tree limbs or ceiling leaks. Double check and make sure all electrical wiring is up to code and repair even the most minor problem. Ensure all windows and doors are working properly and repair any locks that stick or jam. Leaky faucets or toilets and other plumbing repairs are essential to peace of mind. The better condition your home is in, the better it will be maintained and the less headaches you will have with break downs in the middle of the night.
The modifications do not have to be fancy as tenants in general do not take loving care of a home they don’t own. Your house must be comparable to others in the area, and perhaps offer one additional thing more. A fresh coat of paint in all rooms is a must as it will brighten the whole appearance of the home. When rooms are empty a polish of any hardwood floors will speak volumes to the potential tenant.
Once the repairs are done, it is important to develop a move-in condition report. Know how to explain where the cutoff switches are, the type of furnace you have, and the operation of the thermostat. This is similar to the walk around the rental car and pointing out any scratches, dents before getting in and driving away. Document everything to protect your interests when it comes time for a tenant to leave. Depending on where you go, managing the property takes time and a lot of energy. Curb Appeal Design can help you with property management also as developing a relationship with the team who make your house repairs makes handling any additional repairs or modifications easier than starting over.
It’s summertime and the fishing is easy according to the N.J. Division of Fish and Wildlife. But just as a successful day on the water consists of knowing when to fish and what to use, successfully selling your home needs the what and when to your advantage also. Your buyer, like a fish, will bite (or make an offer) when they are ready. If the buyers aren’t biting, rethinking when to sell and preparing a home for rental is an option in the interim.
Curb Appeal Design, LLC, a licensed home & business service warranty and repair company uses the most up-to-date techniques and technology to safeguard your most valuable investment, your home. Founded in 1984 and managed by customer-focused president, Mo Soliman, Curb Appeal Design services NJ counties such as Morris, Union and Essex counties and surrounding areas including Chatham Borough, Chatham Township, Summit, Livingston, West Orange, Madison, Short Hills, Millburn and Essex Fells, NJ.
Mo Soliman (973) 451-0203 - www.curbappealdesign.biz
Curb Appeal Design, LLC - 973-451-0203 | 12 Walsh Way | Morris Plains | NJ | 07950