Should You Sell or Remodel Your Home?

Anything that gets as much use as your home shows wear and tear after a few years. Colors and decorative styles look tired and outdated, or you may need more room due to an addition in the family. So do you sell or remodel and stay?

Your Berkshire Hathaway HomeServices network professional can show you homes for sale that have the size, features and finishes you want, as well as create a comparative market analysis of homes like yours so you’ll know what you can reasonably expect to net, and if that is enough to help you qualify for your next home.

You’ll pay about 12% of the sales price and more in closing costs to sell and purchase another home. Moving costs are about $2,300, (4 movers at $200 per hour) for an intrastate move and about 7,400 pounds of household goods, according to the American Moving and Storage Association.

If you decide to remodel, make sure your design will meet your needs for years to come. You’ll need the right contractors, kitchen planners and interior designers to help you put it all together. You’ll also need to talk to your lender to learn how much you can borrow.

Change is an evolution, and will bring some upheaval to your life. You’ll either have to open your home to workers or to buyers. But if you come out on the other side with what you and your household desire, it will all be worth it.

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Posted in Homeowner Advice, News.