Remodel Or Move

At some point your present home may begin to feel a bit cramped, or too small and you would like to have more room. You must weigh the price of a larger home over against the prospect of living with contractors and plaster dust for a long time. Is it better to remodel or to look for a new home?

Before you decide on a major home improvement project, talk with me, I know your neighborhood. You need to know if the improvements that you have in mind will ‘over-improve’ your home, making it difficult to re-sell? Will you be able to recover the cost of your investment? Find out how much your present home is currently worth, and how much home equity you have. You may be able to make a substantial down payment that lowers your mortgage payments on a larger home by selling your home, instead of going through re-modeling, which could last for several months.