Many homeowners over the years have considered selling their home and going into another one. Primarily because they do not have enough space, bathrooms need updated, kitchen has fallen in disrepair, downsizing or just don’t know what to do with their existing home.
Most of the time they love their neighbors and their neighborhood. The schools are great. Love the area and its location. All of our friends are here.
Well, don’t worry! There ARE few things you can do to make it easy for you. If you have lived in your home for years and have built up equity, then let’s look at this first. We always hear “I don’t what to over build for the neighborhood”. Let’s say you brought your home 20 years ago for $100,000.00 and by today’s market price it has rose to $195,000.00, you could easily invest up to $95,000.00 and not over build for the neighborhood. Also all the money invested would most likely increase the value of your home.
Second: If you want to sell your home for another than let’s talk about the real estate commission unless you sell it on your own. The real estate commission is coming off the price of your home. That’s a pretty good number that could be used on a nice update to your existing home.
Third: What’s the cost to get your home ready to sell? This can be anywhere from 5% to 10% of your home’s value.
Fourth: When moving into a new home you may have to update the window treatments, paint or replace some flooring for your taste. These are all cost to consider before the move.
Fifth: What are the property taxes at the new location? Are there any association fee’s or restrictions you need to know about?
Sixth: Than last but not the least is the moving cost. This can be a lot of friends and family helping or hiring a moving company. Don’t forget about the time and disruption at the same time.
Over the last few years the home improvement and the overall remodeling market has experienced some major changes. New and better improvements for comfort, easy maintenance, additional space and safety have now become the top priority of consumers.
Another thing you can do is to hire a professional and experienced contractor as soon as you know it’s time to move or remodel. A good contractor will help guide you through the process of choosing an appropriate design and let you know what is your best options are according to your specified budget range.
Don’t underestimate the invasiveness of a remodeling project when choosing your contractor. It goes without saying that the contractor you choose for any home building or remodeling project should be one you’re comfortable with. You must have complete trust that the company you’re working with will be up on the same page as you from start to finish. Because some home building and remodeling projects are long, detailed and involve meticulous planning, getting to know and trust the individuals responsible for your project will offer the added peace of mind and comfort necessary for a truly enjoyable building or renovation experience.
All in all, redesigning your home might be the only thing needed to make you fall in love with your house again and, at the same time, increase its resale value. With a little effort on your part, you can manage to get a well-designed remodeling plan according to your respective budget.