Should You Remodel or Buy a New House?

For some people, moving is one of the most stressful events of their lives. This can especially be the case when homeowners must sell their houses quickly. If you need to sell your home quickly, but aren’t sure how to do so, consider hiring a reputable, real estate agent near you. This professional can walk through your home and provide ideas about how you can make it more attractive to potential buyers. For example, your real estate agent might recommend you replace the carpet in your living room with hardwood floors. On this blog, I hope you will discover the numerous ways a real estate agent can assist you during the home selling process. Enjoy!

Should You Remodel or Buy a New House?

3 March 2017
 Categories: Real Estate, Blog

If the home you live in is not at all the type of house you want to have, you could sell it and move to a new house; however, moving is a big ordeal. Instead of moving, is there a chance you could remodel your current home and be happy with the results of it? If so, you could save yourself a lot of work, because you would not have to pack up and move out. As you think about what you should do, here are three factors you may want to consider before you make your decision.

Are you happy with the location of your house?

The first thing to consider is the location of your home. If you are really happy with the neighborhood and the location of your house, it might be hard to find a different house that is located in just the right place. On the other hand, if you do not like the location of your current house, there is nothing you can do in terms of remodeling that will improve this factor.

How much would the renovations cost?

You should also consider how much the renovations would cost you if you completed all of the things needed to make your house a home you love and are proud of. If the work needed is strictly surface-type issues, the costs to complete the work might be relatively affordable. If the work needed is very comprehensive, though, it might cost too much to renovate the home.

A good thing to do is create a list of everything you would need to do in your house to make it your dream home. After that, get bids to have the work done. This will show you exactly how much it would cost to complete the necessary renovations.

Would the renovations involve putting on an addition?

The other key factor to think about is the size of your home. Is your home currently big enough for your family? If not, the only option you would have is putting an addition on the home, and additions can be costly.

After answering these three questions, it may be obvious to you what you should do. If you determine that moving is the better choice of the two options, you may want to call a real estate agent through sources like Liz Carter & Team Realty Inc for assistance putting your house up for sale. The same real estate agent could also help you find the right house to buy when you are ready.