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Renovations & Equity

Investing in your home equals great returns

Whether new construction, renovations or additions, investing in one’s home will bring great rewards not only while living there, but also when it comes time to sell. 

“We build wealth through equity,” says Jack Bonomo of Bonomo & Sons, Inc. in Clark. “When we do a renovation on a home, it will add more value than what we charge.” Bonomo's current renovations include a full-home renovation in Scotch Plains (seen in photos).

While most people know that modern kitchens and bathrooms are great selling points, homeowners and home buyers today are also looking for convenience. 

“Putting laundry rooms on the second floor has been big, but now we're getting a lot more requests for two laundry rooms,” he says. “A full-size one on the second floor, and then a laundry closet on the first floor, especially if they have a pool.” 

People are also investing in entertainment areas. “We're building a custom home that has an indoor gym with a sports simulator. This adds tremendous value because if they ever want to sell, this is what other people want too.”

Built-in bars that include an ice maker, refrigerator, dishwasher and sink are popular, as are theater rooms. Home automation with audio and video is also becoming more common. 

Outdoor living space is another sound investment. “People want to feel like they're on vacation without having to get on a plane,” says Jack. Again, down the road, this will increase the value of a home.

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“If you do what works for you, chances are it's going to work for somebody else. When it's done well, it’s a great investment.”

​Bonomo & Sons has been family-owned and operated since it was founded in 1999 by Benedetto and Vincenza Bonomo. Today, son Jack handles the day-to-day operations. “I love what I do,” he says. “I couldn't see myself doing anything else.”

The company also recently hired Lisa DeMarco, an extremely experienced project manager. “She brings a very detail-oriented approach to the construction process,” says Jack.