Is space becoming a hard thing to find in your Denver home? Do you walk into your home and have a hard time maneuvering around all your stuff, or has the home office become a new closet? If this sounds like you, then now is the time to ask yourself: is it time to move or remodel?
The Denver housing market is still a seller’s market in the popular price ranges under $400,000. Denver homeowners are taking advantage by listing their homes for sale as home prices continue to rise.
Things are starting to change when it comes to the remodeling market too. Homeowners are tending to be less extravagant in their remodels than they were during the housing bubble. During the last housing bubble, homeowners were all about bigger and more extravagant home renovations.
How do you decide if it is time to remodel or move?
- How much do you like where you live? Not liking your home and not liking your neighborhood are two different things. If you take the feelings towards your home out of the equation, how do you feel about your neighborhood overall? Is where you live now close to your job, a convenience to the places you visit often? Are you ready for a change? These are just a few questions you should ask yourself before deciding to move or remodel.
- What changes need to happen? If you love your location, how big of a remodel do you need to make you happy in your current home? Is it easy to add on to your home to utilize more space, or is finishing the basement an option? If more room in your house is what you are after adding on can be expensive, but worth it in the long run.
- How much space do you need? Will you be expanding your family in the future, or do you hope to work from home one day soon? While it is impossible to predict what will happen in the future, if you think there may be a chance you will be need more space in the next two years, now may be the time to consider moving or remodeling.
- How is the current real estate market? Real estate is local. There are plenty of market reports across the country that tell how the nation is doing overall when it comes to real estate, but for this decision, real estate is local. The number of houses on the market in Denver is low and home prices are increasing, making now the perfect time to sell your Denver home.
If you have any questions, feel free to contact your local Denver area real estate professionals, the Bandy Team! Our team will guide you through all phases of the home buying and home selling process in Denver whether you’re searching for other Denver’ Metro communities such as real estate in Elizabeth, a variety of homes for sale in Larkspur or any of the other fine communities surrounding Denver. We are here to help you find your dream home and will guide you every step of the way!
Until next time,
Marianne Bandy, Team Leader
The Bandy Team
Keller Williams Park Meadows