There comes a time in every home owners life when they get a little tired of their surroundings. Maybe your Stephenville home is starting to show its age, or perhaps you’re just due for a change of scenery. There is a question every family must ask when it comes time to make a decision: move or remodel?
Deciding what is best for your family when it comes to moving or remodeling can be confusing and time-consuming. There are many factors to consider before making your final decision. Interest rates, market climate, listing costs, but there are a few things you can do to make your choice a little easier.
Start off by assessing your home’s value. Any licensed real estate agent can make short work of estimating your property’s worth. But don’t stop there. Get a feel for some other houses in the area by going to some open houses. This can inspire you and help you find some new designs you’d like to implement in your home, and you can even get a price point while you’re there.
Once you have an idea of what you’d like to do, you can go ahead with a renovation quote. Find a reliable home improvement contractor to help you out on this one. Even if you don’t plan on using a contractor to do the actual remodelling and would like to tackle the project yourself, they can be an invaluable resource when trying to come up with a solid number for the cost of resources. Take the number you end up with and add it to your home’s current worth. That’s your home’s new value.
After you’ve received a proper quote, you’re well on the way to getting your project underway, but you still might not be sure remodeling is the best choice for your family. In the end, it comes down to your personal preference. Do you like living where you do? Can you afford to move? Do you even have room on your property for what you’d like to accomplish with your home?
Part two of this article will cover some of the ways you will know if it’s a good idea to move instead of remodeling. If you already think moving is the right choice for you, drop us a line and we can help you find the right Stephenville home for you.