4 Reasons to Renovate in Newark, Ohio

1. Property Value
Property value in Newark, Ohio is increasing at a great pace. According to Neighborhood Scout the median home age in Newark is 55 years old, house appreciation in the last 10 years is up 6.2% and is set to continue to rise. If you already own a home and are thinking about renovating or selling, consider renovating. Investing in your property and holding on to it for the next few years could see a nice return on your investment. 

2. Location. Location. Location.

Newark is filled with rolling hills and quaint town centers. Newark downtown has beautiful historic buildings, centered around a country courthouse and square which has recently been renovated. Revitalizing Newark, Ohio has grown the restaurant industry with new cafes, bars and farmers' markets springing up. If your home is starting to get tired, we recommend a renovation to improve your home. Adding an addition to assist your growing family, or updating your kitchen for renting or resale is a smart move. Investing in your home in Newark definitely has long term value - both financial and personal.

3. Small Town Feel

Selling or holding on to your property is a tough decision. If you own a property in Newark, it might be safer to hold on to it, renovate and rent it out. Newark, Ohio has an in demand rental market and many people retire in Newark due to the small town feel. They get more home for their money and are located in a very friendly neighborhood. Renovating your home in Newark will increase its property value in a market with consistent demand. Your home is likely to attract many people hoping to leave the busy cities, looking to enjoy a small town lifestyle.

4. Renovate or Rebuild

This decision is really based off of your needs and wants. Rebuilding your home will give you the opportunity to build your dream home. Renovating your home will update and modernize your existing home. Understanding your budget, location and needs will help you in making the best decision. According to The Spruce, depending on the type and scale of your renovations, renovating in Newark is generally cheaper than knocking down and rebuilding. If you are looking to rent out your home, or sell it in the near future, renovating is the smarter choice. If you want to build your dream home or have land to build a property than investing in a new build is most likely the better choice.

No matter your decision Newark promises to give you a leg up in the property market.