Remodel or Sell?
Have you ever asked yourself that question? It's a question a lot of potential sellers are asking themselves in today's market. Hopefully we can provide some tools and resources to help make that decision.
First, you will want to estimate the cost of buying a new home. Add up all the expenses of selling (packing, moving, loan financing and agent costs), also consider potential hidden costs like seller paid closing costs, potential repair of damaged items to qualify for certain types of financing and other costs. Make your best effort to include everything it will take to sell your home and buy a new one. Then estimate what you may get for you house and how much money you will need for a down payment.
Also take into consideration current schools, friends, neighbors and commute times. Sometimes moving is a great opportunity while other times a well planned out remodel will work just as well if not better.
Before embarking on a potential remodel it is important to contact a real estate professional that is familier with your market, someone that can give you an as-is value and a after renovation value. We have several agents on our team that can do just that. Contact us today for a FREE No obligation consutation.
We also have access to several local contractor that do amazing work. We truly are your one stop shop!