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7 Strategies to decide if you should move or you should stay put and remodel

By
Real Estate Agent with Keller Williams Advantage III Realty, Lake Nona SL678315

If your New Year’s resolution included changes to your home front or other changes, these seven keys will help you arrive at the best solution.

1.       Determine what bothers you the most - Changes can be made within an existing footprint, even without adding additional space. Some walls can be taken down and doors/windows can be removed or changed.

2.       You have to understand how your home is sited – If your house is oriented toward views, are those views interesting to you? If the site always leaks ground water, has absolutely no trees or include uninspiring views the moving is an alternative you might want to consider.

3.       What about your neighborhood? – If you love your neighbors, the schools in the area, proximity to shops and other recreational areas and services maybe it is a better idea to stay and learn how maximize your home’s attractiveness.

4.       Has your family circle changed or will change soon? – If your kids have grown up and you are closer to become an empty nester don’t add rooms. You should be thinking of making your home more practical and manageable.

5.       It is a good idea to consult contractors, designers, architects or structural engineers to get multiple bids – It is worth paying professionals for an hour of their time, you may also find that some would provide you with an estimate free of cost.

6.       Compare that appraisal and remodeling costs with other neighborhood homes for future sale – It is never smart to overbuild for an area. The type of the improvement can also affect the value. Remodeling changes may add to the house’s worth without changing real estate taxes, while an addition will probably cause an uptick in taxes. If this is your case I will be more than happy to help you find comparables in your area www.mymovetoflorida.com.

7.       Seeing is believing and I can take you to see what is available in your preferred price range and areas- A new home may offer a better layout, the right number of bedrooms and bathrooms, and  an updated kitchen or a very nice backyard.

 

Source: Realtor Magazine

Gaby Kendall
Kendall Realty - Melbourne, FL
Gaby Kendall

Great infomation!

Feb 06, 2014 01:26 AM
Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Good tips all...especially #6!

Feb 06, 2014 01:40 AM
Suzanne Otto
Six Twenty Designs - Lansdale, PA
Your Montgomery County PA home stager

I agree about #6. Before doing any remodel, you should weigh the cost and sales prices for homes in your area. Otherwise you may not get the average ROI on it.

Feb 06, 2014 05:24 AM
Jimmy Faulkner
Florida. Homes Realty & Mortgage - Wantagh, NY
The Best Of St. Augustine

Moving is a very important step for anyone especiall a family. You really have to look at closing costs and the cost of moving as part of your overall expense.

Feb 06, 2014 05:51 AM
Misstie Pollard
Realtor and Title Settlement Agent - McLean, VA
Answering Northern VA Real Estate Questions.

Welcome to ActiveRain Lawrence. Great information for consumers deciding if they should remodel or sell. This info is helpful in Orlando or anywhere across the country. Looking forward to reading future post. 

Feb 06, 2014 02:50 PM
Randy Shamburger
Movement Mortgage - Greenville, SC
FHA, VA, USDA and Conventional Mortgage Expert

Great information, thanks for sharing.

Have a Big day,

Randy

Feb 10, 2014 10:59 PM
Anne Hensel
South Beaches Real Estate Professionals - Saint Petersburg, FL
Realtor - Broker - St. Pete Beach, Treasure Island

Love this post...  these are very good points that sellers need to consider.

Feb 10, 2014 11:44 PM
Anne Hensel
South Beaches Real Estate Professionals - Saint Petersburg, FL
Realtor - Broker - St. Pete Beach, Treasure Island

Love this post...  these are very good points that sellers need to consider.

Feb 10, 2014 11:44 PM