I'm actively looking for a SF home in ridgewood or glen rock. Most of the homes I've seen require some renov
like kitchen, baths or exterior work (new siding). Can I assume that that professional home improvement cost have decreased recently and i'd be able to get a good deal?
Hello, Carla! How are you?
Yes, homes in Ridgewood and Glen Rock are still priced high, but accordingly to their condition (dated kitchens, baths etc). If homes were renovated the asking and the sale price would be higher. So, yes, you are making a deal, but again the current asking prices are right, so your deal is mostly because current market condition.
Sincerely,
Yelena
Hi Carla,
Home improvement contractors are definitely hurting just like everyone else. By obtaining several competing bids and working them against each other, you should be able to make improvements at a reduced price from 2003-2005 levels. However, as we all know, it still will not be cheap...
Good luck!
-Marc
Marc Paolella
Relocation Director
Member, Worldwide ERC
Licensed Realtor NJ
Licensed Appraiser NJ & NY
Century 21 Joe Tekula Realtors
Agent of the Year 2008
Owner: Sands Appraisal Service, Inc.
Phone (direct): (973) 584-4235
web: http://www.marcpaolella.com
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