So it has come to a point where you’ve decided to make a change. Move or Remodel? It’s a hard decision, and understandably so. But don’t fret: armed with a few simple tips and tricks, you can make an informed decision on what is best for you and your family!
Now that you have had your Stephenville home appraised and compared it to other homes in the area, and you have an estimate of what your remodeling project is going to cost you, you’re in a much better position to make a decision. If you missed Part 1 of this article, be sure to read it before reading more about the reasons why you might pick moving over remodeling.
Remember when you went to go check out some other houses in the area? Good! Because you’re going to need those numbers to determine if your ideal renovation is a practice in over-improving. If you arrive at a post-renovation value that’s higher than the majority of the other homes on your block, you might just consider moving. Over-improving your home can greatly hurt your chance of selling it if you ever decide that you do want to move. Nobody wants to buy the most expensive property in the area if they can get a similar home on the block for less.
Of course, you want to consider personal preference when you’re thinking about moving, and taking the time to have a long talk with your family to gauge how everyone feels might just be the catalyst you need to finally make your decision. If your daughter is a senior in high school, it might not be the best time to move, but that’s not a reason to stay where you are forever! On the other hand, if you have a child on the way and the schools in your area aren’t convenient, moving might be pretty high on your list of priorities. If that’s the case, there is no sense in remodeling your home only to leave it a few years later!
Making a choice between moving and remodeling is difficult, but hopefully these tips have helped relieve some of the stress that comes with making such a major change in your everyday routine. If you do decide to move, make sure to give us a call and we’ll help you find more Erath County homes for sale that meet your needs.