Denise Gueterman Weichert Realtors 142 Main Street Chester, NJ 07930
908-879-7010 OFFICE 908-303-2472 CELL firstname.lastname@example.org EMAIL
I used to live in Pepack so I know the area well. Are you renovating to sell, to rent or to live in? You may look into an FHA 203 K loan which is designed for renovation but is usually done for a purchase. I would check with a national lender such as Wells Fargo, Chase and see if they have a program that fits your situation. The guidelines for lending change often. I can recommend two local loan officers as well if you need help.
Mark's comment should be considered too. Is the investment into the house for the renovation going to get you more out especially if you are doing it to sell the house. An agent like myself who is familiar with the area can help tell you what is the most profitable way to go. Good luck and let me know if you need my assistance
Certified Residential Broker
Century 21 New Beginnings Realty
I would do just what is needed to sell it. Paint, cleaning, window washing etc. Fully renovating the kitchen and baths is probably not cost effective in terms of getting your money back. As long as the kitchen and baths are functional and not utterly disgusting, consider selling it as-is, but really go to town on cheaper things like paint and carpet.
You might want to have a couple of us (Realtors) out to evaluate the necessity and cost-effectiveness of doing a renovation. It may not be necessary in an area like Peapack. Also, keep in mind that if you are going to put in a new kitchen, a buyer in that area is going to expect top-of-the-line: granite, Silestone, maple, porcelain tile, etc. If you do less, you might actually lose money on the renovation.
If you have further questions or would like a consult, contact me privately.
Century 21 Joe Tekula Realtors
Phone (direct): (973) 584-4235