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Trade Up or Remodel Your Existing Home
For immediate release July 22, 2016
Ready to Trade-In Your Home?
Perhaps You Should Remodel Instead!
 
By Kelly Welton, Regional Manager
Members Direct Home Loans
 
CITY, ST – Each year, millions of Americans move into the home of their dreams. As time goes by, families expand, kids grow older, and suddenly that home isn't quite so perfect anymore. Or perhaps you still love your home, but you really want a gourmet kitchen and a larger master bedroom. Should you start looking for a new house? Or would it be better to stay where you are and remodel instead?
 
Both options involve a significant investment of time and money, so it's important to take your time and make an informed decision. You'll also want to be sure to consider both the financial and the emotional sides of the equation. Let's begin by examining the financial factors involved.
 
Moving: A good local real estate agent should be able to assist you with estimates on these numbers.
 
   How much will it cost to purchase a home that will meet your needs?  
   How much could you sell your existing home for? Don't forget to subtract the agent's commission from this total.  
   What will ... more

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