Predicting the Resale Value of a NJ Home

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Purchasing a home can be quite a frightening and exhilarating task; there’s so much to think about and consider. It’s definitely necessary to ponder the minute details before purchasing a house, but if you don’t also consider the bigger picture first, you might very well be wasting your time and/or money. A factor that many consider to be of the utmost importance when purchasing a NJ home is that home’s resale value. Unless you plan on staying in that house until you breathe your last breath, you will one day be thinking about selling the very property that you haven’t even bid on yet.

Needless to say, there are countless questions circulating through any buyer’s mind during the house hunting process. One question that may deserve some real thought is what your prospective home may be worth on the real estate market in 10-30 years. Although it may seem impossible to make such a prediction, it actually is possible to make an educated guess.

Obviously, this kind of calculation isn’t an exact science; we can’t predict exactly what will occur in the future. We’re good, but we’re not fortune tellers. There are a variety of factors that influence the value of a home. Some simply cannot be predicted, such as the national economy or the future state of the housing market. On the other hand, remember this key word: location.

“Location, location, location” isn’t just a real estate cliché; it holds actual, substantive, monetary value. For example, as long as people keep having children, a home in a neighborhood will be more popular than an abode along a busy street. From its placement within or outside a neighborhood or whether or not it’s along a busy street, location is everything.

The good news is that if you choose a home with a favorable location, chances are, the location will remain desirable. This will always attract a higher amount of home buyers. Thus, the reverse is also true – if your house sits in an undesirable spot, future sales are more likely to attract less interest. Houses that sit in a wealthier or reputable school district will be wanted more those in poor districts. While we can’t cover every single detail that plays into the location of a property, it is without a doubt the most influential factor in determining the resale value of a home.

Land value also affects the price of a home. Does land typically sell for a high price per square acre in that geographical area? If not, that will lower the resale value of a house.

You might be thinking that those can’t be the only two factors that influence resale values. Good guess – they aren’t! A few weighty indicators of a home with a good resale value include features such as:

·        More than two bedrooms; this is especially true if the home is near a school

·        AT LEAST 2 bathrooms, if not more

·        A designated area for the family to gather (i.e. living room, sitting room)

·        Plenty of storage space and closets in every bedroom

·        Garages are becoming increasingly important to homeowners

·        The oh-so-popular open floor plan

·        An updated and modernized appearance

None of these factors should be too surprising. The term “family gathering place” can simply mean a room where people (family, friends, etc) can spend time together comfortably. Buyers typically look for a room that is spacious and informal. Rooms in a house that can serve dual purposes seem to be more popular these days. Gone are the days of mostly unused formal living rooms and parlors.

All of these factors should be on your mind when buying a home; you want to be making a good investment along with finding the home of your dreams. Come time to sell, your life will be much easier if this a something that you’ve put thought into before making a purchase this important.

5 Tips for Selling Your NJ Home in Summer

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If you’re planning to sell your New Jersey home this summer, the countdown to September’s school season has begun. It’s time to move quickly and get your home staged beautifully so that it appeals to the buyers who missed the busiest buying season in late spring.

Selling a home in the heat of our famous New Jersey summers can be tricky, though, so here are our five most essential tips for ensuring your home sizzles rather than fizzles out.

  1. Get rid of your junk and clutter.

    Unless you’re an unusual American, you’ve got too much stuff. Unfortunately, your stuff devalues your home. The only time people are hoping to find a home that’s cluttered and crammed full of memorabilia and personal effects is when they’re looking for a bargain on a home they can flip. Unless you want to hand people a reason to knock tens of thousands off their offer, your home needs to be carefully decorated with a focus on minimalism and a few pops of coherent color.

    If you need help with this vital step, reach out and hire someone immediately. Even if all you do is store your things until you’ve purchased your new home, you’ll still be doing yourself a huge favor with regard to moving your home quickly, all while earning top dollar for your efforts.


  1. Tackle repairs.

    While decluttering and repairing may seem like tips that apply to any home sale (and they are), these steps are even more essential when the competition to buy has dropped off like it has already this summer. With that in mind, give your home a keen inspection, making note of all necessary repairs that an observant buyer might notice.

    Skipping repairs, even for minor issues like wall texture or dripping faucets, will give potential buyers reason to worry that you may not be the most invested in sticking to a prompt maintenance schedule. Any perceived neglect can yield lower offers or even turn off buyers entirely, so don’t delay small repairs just because you have one foot out the door.


  1. Crank up the HVAC and the ceiling fans.

    Regardless of your usual preference on energy usage and conservation, this summer just isn’t the time to make that stand. If buyers don’t feel that sweet air conditioning flowing, they’ll suspect it doesn’t even work. The only thing people dislike more than doing the heavy work of moving in the triple-digit New Jersey temps is moving into a home without working air conditioning, so keep your home cool and put their minds at ease.

    Speaking of ceiling fans, keep them pristine and keep them on. Visitors to your home are likely to turn fans on and off, and the second they slow down, dust will be visible on the blades if you haven’t dusted them only a day or two prior!

    If there are main rooms in your home that don’t have ceiling fans, or the master bedroom doesn’t have one, do prospective buyers and yourself a favor by installing some attractive ceiling fans of decent quality. It may seem insignificant, but people make many decisions based on gut instinct; if they feel like a room is stuffy and still, they’ll be turned off even if they can’t quite put their finger on the reason behind their distaste.


  1. Spotlight your outdoor spaces.

    Perhaps more than ever in our culture’s memory, the American yard is an extension of the home’s living space, and never is that more important than during the summertime. Water your yard thoroughly a few times a week during the cool of the morning or late in the evening, weed carefully, and power wash the patio. Make sure any outdoor furniture is sparkling clean. If you don’t have an attractive set of outdoor furniture, prioritize buying one, and consider a matching fire pit.

    Add vibrant pops of color with potted, blooming plants if your yard is all shades of green, but make sure any potted plants you do have are in tip-top shape. Again, anything that smacks of neglect or disinterest will be a red flag for buyers.


  1. Add value with lighting.

    Clearly, lighting your home’s interior is just as important during the summer as it is at any other time, so keep your lighting sparkling clean, stylish, and TURNED ON. Outdoor spaces should likewise be lit carefully and adequately because dim or dark spaces in the yard will disappear completely once the sun has set. Make sure your home’s warm, welcoming lighting helps buyers see themselves feeling comfortable and safe once they’ve purchased it.

BONUS TIP: Serve up refreshments.

Okay, this isn’t an official must-do, but we have to say, serving ice-cold lemonade, iced tea, or cucumber-mint water to parched guests is going to go a long way towards them feeling like lingering just a bit longer. Furthermore, any kind of positive association with your beautiful home just gives buyers one more reason to think well of their experience with you once they’ve said goodbye. Since you’ll be interacting with the buyer extensively throughout the sale process, the more you show your kindness and hospitality, the more they’re likely to look forward to working with you.

One caveat on this point: do not under any circumstances hover as people tour your home. Offer refreshments, make yourself available for questions, then stay well out of their way. They want to see this as potentially their own home, so they don’t need a constant reminder that it currently belongs to someone else.

5 Signs a Prospective Home May be “The One”

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If you’re not new to the home search game, you’ve likely developed a nose to help you quickly determine if a property has what it takes to be worthy of making an offer . On the other hand, if you’re just dipping your toes into the home-buying pool, you may be asking, “How will I know when I’ve found the right one?”

Keep reading, and we’ll provide a few tips.

1.      You get  “butterflies.”

If you’ve fallen in love, you know what it feels like to get the flutters when you see your beloved. Believe it or not, it’s the same with a house. When you walk in, within the first 5 seconds, you’ll get the warm, comfortable feeling  Or not. If not, well then it may not be the best house for you. Some houses could unleash adult butterflies, while other may only release small butterflies. When you go through the house, does it speak to you? Do you feel like it’s beckoning you to stay? Does it feel…right? Well, then it’s quite possibly, the one.

2.      There are minimal deal breakers.

It’s important that your future abode meets your basic needs such as the number of bedrooms, bathrooms, location, etc. When searching for a home, you’ll have to give and take a bit. No house will be absolutely perfect, but you want to check off as many bullets as possible on your checklist. You may be a stickler for certain things such as a decently-sized kitchen or a walk-in closet in the master bedroom. A few of these are fine, but too many will make house-hunting much more difficult. Another thought to keep in mind is: if a house is missing something that you strongly desire, can you add it in or build it yourself without spending a huge sum of money? Being flexible with deal makers or deal breakers is a quality you’ll want to develop.

3.      You envision the possibilities.

Are you already sorting through your head, imagining the best color for the bathroom? If you take a step into the master bedroom and can already picture the layout, this may be the house for you. Even better, if you envision the hand-picked Christmas tree in that specific window, you’re probably hooked. Maybe you’re not only able to see the potential layouts, but you can also imagine the colors of each room. Instead of the kids’ room being a pale purple, you can see it being painted a deep blue. If you already know the name of the paint color you want, well, this may be a sign that you should make an offer. On the other hand, if you like many different aspects of the house, but you can’t truly see yourself living in it, maybe rethink your decision.

4.      You can afford the house.

Obviously, you would think this would be the most important factor. The importance of finances is going to be different for everyone. Some people will be willing to spend a little more to get more bullets on their checklist crossed off. Others will need to stay exactly within their financial limits. This is likely to be the most expensive item you’ll buy in your lifetime, so you want to make sure your money is being spent well and intelligently.

5.      You become possessive.

Perhaps your real estate agent picks out a small flaw in the house and you immediately become angry at her for saying something negative about the property. Warning: this may be a sign that you’ve fallen in love and are becoming possessive! If you defend every flaw you see and can’t wait to tell all of your friends and family about this new discovery…do I have to say more? Moreover, all other homes that you’ve looked at fall to the very bottom of your list. Would you feel like a traitor to this house if you continued walking through other homes? There you have it – this is the one.

Have you thought about sleeping on this mountainous decision that stands in front of you? That might not be the best option, especially if your instincts are telling you to go with this house. Normally, your instincts don’t misdirect you. The problem with sleeping on it is that while you’re counting sheep, someone else might put down an offer and you will have lost your chance. Unfortunately, you’re not the only home buyer out there searching for the perfect house. In fact, someone might be looking for similar dimensions and style in a property. You don’t want your agent to be telling you that someone else knocked you out of the race. When you know you’ve found the one, don’t let it slip away.

The 5 Hottest New Jersey Real Estate Markets in 2018

New Jersey real estate

A view of the footbridge over the lake in Asbury Park, NJ

The New Jersey real estate market still hasn’t reached the heights we saw during the pre-recession housing bubble. That doesn’t mean that the housing market is suffering, though; in fact, there are definitely markets where home values have been rising rapidly over the past year.

This is a list of some of the hottest NJ real estate markets where the average homebuyer still has a great shot at securing a home that fits their budget. That means that we aren’t going to include areas where buyers are routinely outbid by wealthier competitors (we’re looking at you, Hoboken and Montclair).

The towns we are focusing on are desirable areas with specific charms that will make you proud to call them home. Prices in these areas are on the rise across the board, so if you’re looking to purchase a home – don’t wait – this summer and fall are the best times to take the plunge.


#5. Asbury Park, Monmouth County

Median home price: $324,500

This booming region remains a bargain despite its beautiful coastal location, so if you want to settle in where things are almost certainly going to continue heating up, this gem might be just the place. With art galleries, museums, water parks, beachfront shopping and dining, and award-winning public schools, Asbury Park will appeal to a wide range of tastes. The city-driven revitalization efforts of the past several years are paying off in terms of development and real estate, so this is a prime time to join the warm and welcoming community of Asbury Park.


#4. Mountainside, Union County

Median home price: $595,000

Mountainside is a secluded, beautiful town spread over four square miles. Buyers who desire a location somewhat removed from urban sprawl will want to take note of Mountainside’s status as a retail relief zone as well as its shared border with the nearly 2,000-acre Wachtung Reservation, the largest in Union County.

Mountainside doesn’t have a train station, however, so unless you work locally or from home, this area may not be a good fit. However, Mountainside is in the top 5% in the country for individuals who work in the technological fields, notably computer science and mathematics.


#3. New Providence, Union County

Median home price: $586,250

New Providence is a commuter’s dream. With two train stations and a burgeoning downtown area, this 3.56-mile borough is attracting more people now than ever. Once a sleepy town where almost exclusively banks and salons operated, New Providence now has all the hallmarks of a bustling area, notably chains like Chipotle and of course, Starbucks. Buyers are competing to snag homes in Murray Hill, West Summit, and Tall Oaks to avoid the still more expensive real estate markets in Chatham and Summit.


#2. Oradell, Bergen County

Median home price: $572,125

Oradell’s shady streets, easily walkable downtown, and small-town feel have been drawing in a large number of homebuyers over the past few years. Located an hour’s bus or train ride from Manhattan, this charming town offers prospective buyers the choice between renovated Victorians, sprawling ranch homes, stately colonials, or more modern architecture. Whether you’re looking for a bargain or a home in which to invest a fortune, you’re likely to see something you love in Oradell.


#1. Jersey City, Hudson County

Median home price: $458,800

Jersey City’s Manhattan views and rapidly increasing home prices are probably equally famous at this juncture. Jersey City’s median home prices jumped nearly a quarter in 2017, finally reaching the number #1 housing market slot earlier this year after holding strong at #2 for multiple quarters. Jersey City’s rich history, cultural diversity, and strong public transportation are highly appealing to buyers looking for a home in an urban location.

Are you looking to purchase NJ real estate in the near future? The towns we included here are obviously just the shortlist; there are many other really awesome towns in The Garden State that look promising for potential homebuyers on either end of the budgeting scale.

Tips for Buying NJ Real Estate During the Competitive Summer Season

NJ real estateIt’s no secret that the NJ real estate market belongs to sellers these days. Homes don’t stay on the market long—one to two weeks in New Jersey, if you get lucky, and some are gone within a single day in the more desirable neighborhoods. If you’re preparing to buy a home during the popular and highly competitive summer season, you’ll have very little time to identify the home you want, submit your offer, and defeat all competing bids.

As daunting as the prospect might seem, there are compelling reasons to take the plunge as soon as you’re financially prepared to do so. With rents climbing relentlessly all over the country (not to mention throughout New Jersey) and mortgage rates showing no signs of reversing their matching upward trend, there’s little to gain financially by continuing to rent.

Although the inventory available for the number of prospective home buyers is not ideal, spring and summer are the busiest times of the year for home sales in NJ. Unless you want to move in the rain or the snow, it’s time to gear up to get out there and find the right home for you.

With inventory throughout the state being as scarce as it is, you may need to be willing to be flexible regarding the superficial aesthetics of a home.

When you imagine your dream home, it probably has all the latest upgrades, a certain type of kitchen layout, and glistening hardwood floors. Realistically, you will probably find that you can be fully happy with a home that needs a few upgrades over the next handful of years, gradually transforming it into the perfect reflection of your tastes.

We understand that enduring home renovations isn’t for everyone, but if you find a home in the style you like in the neighborhood you desire that only needs a few tweaks, you should seriously consider moving quickly and locking down the property in that area while you can.

Once you’ve found the home, of course, it’s time for the nerve-wracking process of winning out over the competition. Here are our best tips for ensuring that your offer is the one that stands out from the pack.

  1. Get preapproved before you start shopping.

You know your credit score, you’re sure your healthy income is entirely stable, and you know you have a very manageable level of debt compared to said income. However, the home’s current owner doesn’t have any of that information unless you show up with paperwork proving that you’ve been preapproved for the appropriate amount by a mortgage lender.

This act alone will make your offer more enticing to a buyer, clearly. Although you’d think buyers would realize they should have an offer to substantiate their bid, many prospective buyers still begin touring available homes without any kind of approval letter.

Submitting an offer accompanied by a preapproval is the only way to demonstrate that you’re a truly serious buyer, prepared to move quickly and decisively.

  1. Show up to see a home with a blank contract.

If you find the one, you’ll have no time to lose in placing a bid. Even an hour could make a difference between snagging a great home or missing your chance.

  1. Don’t submit an offer with a contingency contract.

Otherwise, your offer is going to get shuffled to the bottom of a thick stack of stronger offers. Try not to have any hint of hesitance or uncertainty. If you want a home, go for it as clearly and cleanly as you possibly can. If you aren’t sure, move along swiftly so you don’t miss out on the home that’s right for you.

  1. Arrive with the biggest down payment you can.

Average down payments have continued to rise, following trends that have become more entrenched over the last four years. Sellers are more likely to be attracted to larger down payments, often linking such offers to financial stability and a smooth transaction. While gathering funds for a strong down payment might be a pinch in the short-term, the payoff is likely going to be worth it.

  1. Don’t bid below asking.

It goes without saying that there are times when a home is priced far above what it’s really worth, and your real estate agent will advise you in such cases. However, in any of the hot New Jersey markets, you’ll need to stay within 5 – 10% of the asking price. Your agent is probably going to advise you to make a strong, bold offer for the home you’re sure you want.

Summer is the Perfect Time to Buy Real Estate in New Jersey

real estate in new jersey

Have you recently taken a critical look at your current home and decided that it may be time to move? Maybe you or your spouse received a promotion or were asked to move locations for a job. Either way, are you thinking of buying a piece of land or a new home for you and your family? Many people want to know the best time of year to purchase real estate in New Jersey. We don’t have the perfect answer for you; there are so many variables that play into buying property. Fortunately, there are always homes up for sale, so it’s always best to wait until you find what you’re looking for, within the time span that you’re given.

We can tell you that if you’re looking for more options to look at and walk through, the best time is going to be spring and summer. Not many people enjoy checking out a future home in the bone-chilling cold. The thought is that once winter ends, people are itching to leave their old homes and find a new one. Here’s another thought: the early bird gets the worm. It’s best to start looking when there is still a slight chill in the air, and as it gets warmer and warmer, you’ll be seeing more and more homes go on the market.

real estate in new jersey

These days, technology can be your best friend when searching for real estate.

Hop online and you’ll find countless possibilities just by clicking on one real estate company’s website. We’ve found that online real estate searches peak in July in the state of New Jersey. People may have a little more time on their hands with no kids in school and not having to run in every direction for activities each evening. Watch out, though, because prospective home buyers are out in full force come summer months, so you’ll have competition!

Because of the added competition of additional potential home buyers, you run the risk of having any offer that you make being topped by other home buyers or simply just getting lost in the home-buying frenzy. Get out there early, take the appropriate and necessary time to find what you’re looking for, and make an offer.

If you’re planning on pulling a double act, that is, selling and buying a new home, take advantage of the summer months. Since there are more homes on the market, it’s easier to do both the selling and buying in a shorter time frame. For people that definitely need to sell their current house before buying a new one, there will be more prospective buyers during the golden season. We don’t want you to get cornered into having two mortgages, so plan intelligently!real estate in new jerseyUltimately, though we suggest summer as the best time to buy real estate, it also depends on the buyer. One person’s needs are going to differ from another person’s, which will affect when someone can handle the added burden of house shopping. For example, financial statuses are one of the biggest factors in determining the best time to buy. It’s crucial that you ensure that you have enough money to effectively traverse the home-buying process. Another important factor to consider is your personal schedule. If you can’t take off work during the summer, wait until there is a lull to pursue real estate shopping. If, however, you decide that you want your kids to be part of this process, there’s no question that summer break is the best time to shop.

Summer is smack dab in the middle of the most popular months to sell real estate. Don’t sweat it though, find a professional that will guide you along. Before you know it, you’ll be stepping into your new home and letting out a satisfied sigh of relief.

How Will Rising Interest Rates Affect the New Jersey Real Estate Market?

New Jersey real estate

Over the past ten years, real estate prices have fallen in New Jersey. That trend is slowly changing. In most areas of New Jersey, the home values have not reached the 2005-era peaks. While it is feared that current federal tax reforms will have a negative impact on home values in New Jersey, there are many scholars, such as Monmouth’s Professor Peter Reinhart, who claim that the positive impacts will outweigh the negative outcomes.

The current Congressional tax reform will have a major impact on the housing market in New Jersey. For instance, state and local taxes (SALT) will involve a new $10,000 tax cap on deductions. This is much less of a price for taxpayers, because, in 2015, New Jersey citizens paid $17,850. The deduction cap on interest on new home mortgages decreased from $1,000,000 to $750,000 of principal. This also involved elimination of interest deduction for home equity mortgages. Homeowners who have existing mortgages can still deduct interest.

There are several negative impacts on the New Jersey housing market that are due to rising interest rates. Existing homeowners with a mortgage over $750,000 and lower than $1,000,000 will probably not decide to relocate if a larger mortgage would be required by moving to a new home. This would mean that the low inventory of availability of homes for sale would stay low. Thus, there would be a diminished ability for those in the market to buy a home to receive tax benefits of property tax and interest deductions. This would result in more of the buying market to rent, versus purchase a home, and existing homeowners who would typically upgrade to a larger home would not be able to afford to do so. With a decreased number of home buyers starting out in the market, in conjunction with a decreased number of homes for sale, less overall transactions will likely occur.

New Jersey lawmakers can implement certain policies that would help offset any potentially negative effects of the recently imposed tax laws. The New Jersey governor and legislature could possibly eliminate the $10,000 cap on local property tax deduction, which would offer a reprieve to those who pay more than that on their property taxes. There is a controversial approach which involves viewing the overall New Jersey tax structure as a whole, and relates to shifting away from income and property taxes and implementing business or sales taxes that are not already deductible to ‘individual homeowners.’ Some other available alternatives to decrease the burden on homeowners include municipal consolidation, cost cutting, and cost sharing. This would increase property tax revenues in the United States.

There are some positive outcomes from the tax reforms related to housing and the rising interest rates. One example of a positive outcome involves the increase in demand for the rental market. Another example involves the upgrades and improvements landlords will do to already existing apartment communities, given the increase in demand for available rental properties. Furthermore, a lower tax rate for pass-through entities and corporations would potentially lead to greater profits which could be reinvested in housing.  Companies which purchased detached, single-family homes to utilize as rental properties after the recession might experience an increase in demand as there is a decrease in the benefits of home ownership.



How Environmental Issues Affect NJ Real Estate Transactions

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When you think of NJ real estate, or buying or selling a property, your first thought probably doesn’t connect to the environment. We don’t realize it, but environmental issues play a role in almost every real estate transaction, whether in the internal or external surroundings of a building or property. In some situations, it may be the building itself that is affecting the environment, and in other cases, the environment can have an impact on the building or its inhabitants. When assessing the value of a property, environmental issues play a large role, especially because home buyers naturally want to be assured that they will be able to maintain a high-quality of life.

In general, the biggest issue with environmental problems isn’t fixing them; it’s identifying them. An absence of spotting and handling these issues can result in accruing unknown, substantial liabilities for all parties involved in a real estate transaction. Failure to pinpoint environmental problems could not only lead to financial and legal difficulties, but also health complications for any exposed individuals. Essentially, the impact of environmental factors on the real estate market is more sizable than you may think.

Since most people desire an aesthetic view, the appeal of a property’s scenery is essential. Not only does the scenery determine the aesthetic value, but it’s also an ample factor in formulating the price of the property. In addition to the role that a property’s scenic features contribute to the price, so do the presence of spatial features. These include greenery, forests, water sources, and the layout of the features, all which influence the property value and buyer’s attitudes.

Another environmental factor that can affect any real estate transaction is land contamination. Obviously, contaminated land is a real concern for any potential home buyer. No one wants the land of their property contaminated with trash, dirty water, or other varieties of pollution. This contamination may be caused by negligence of past or present owners’ or may stem from on-site or off-site activities. It’s crucial to locate the source of the contamination because that will determine liability. Once the source has been identified, responsibility can be apportioned and potential risk can be defined. In the case of drinking water supply wells on or near the property, liability, risk, and responsibility can become even more complicated.

A home issue that you’re probably more familiar with is mold contamination. Moisture is mold’s best friend, so you can probably conclude that mold thrives in moist and inadequately ventilated areas. Buildings that are poorly constructed tend to propagate mold within their walls and air circulation systems. The most common breeding ground for mold is in the walls of a structure. There’s no doubt that mold is toxic to the human body, but it also weakens a building’s structure. Mold contamination is one of the major causes for substantial liability claims, especially if an individual’s health is affected. It’s crucial that landlords and homeowners take care of mold issues before they worsen. Homeowners, whether selling or new owners, should research possible insurance coverage for these liabilities.

If you’re a daily TV-watcher, you’ve probably seen a commercial about asbestos. Most commonly used as an insulator in boiler rooms and pipes, roofing, and flooring, asbestos typically appears in older residential properties. That’s not to say that a new home can’t have the same issue. It also tends to be a problem in industrial and commercial properties. Unfortunately, asbestos can cause a variety of health complications, and you may not be aware that asbestos is even in your home or building. The cost to eliminate asbestos is substantial, so it’s key to identify the issue right away.

No questions asked, any of these problems listed above will affect the real estate value of any property. It not only influences the price, but also the desire of potential owners to purchase the property, especially if the new owner is going to have to deal with the problem. The key to handling any of these issues is early identification. In most real estate transactions, some sort of environmental assessment will take place. If one isn’t scheduled for your upcoming NJ real estate purchase, make sure one is completed. Addressing the issues can take a bit of work, but obtaining dependable information about the property and efficiently managing the problems are absolutely essential to your health and happiness in your new home.