FAQ #5: Should I remodel or should I move?

FAQ: Should I remodel or should I move?

It's a question I often hear, and my answer is ...... it depends!

How does one know whether it is wiser to embark on a major remodel or to sell one’s existing house and buy another? Questions to be answered include:

  • Do I like living in this neighborhood/town/area?
  • Do I foresee it meeting my needs for a number of years?
  • Is the location of the house itself suitable? (e.g. busyness of the street? size of the lot?)
  • How extensive is my proposed project? Where will I live during the process? What is my tolerance threshold to disruption?
  • Will the remodel I’m considering keep (or bring) the house in line with neighboring properties, without over improving it?
  • How important to me is resale value?
  • What other options might my housing dollar buy?

To help you answer some of these questions, you might wish to  obtain a market analysis of your home’s current value, and also an analysis of resale value of your proposed remodel/addition.

This is a service I provide at no cost to potential sellers in my area. I’m happy to help, so feel free to contact me—no obligation or pressure.

--- Come for a visit; Stay for a lifetime!

Lottie Kendall, Realtor®

Today | Sotheby's International Realty

San Carlos, California, 94070

CA BRE#01215160; 650-465-4547

Lottie@LottieKendall.com;

www.LottieKendall.com

www.SFCondosForMe.com

 

 

Comment balloon 6 commentsLottie Kendall • May 29 2012 07:22AM

Comments

Lottie, you have posed some thought provoking questions for homeowners who are in the decision making process about updating versus moving.

Posted by Sharon Parisi, Dallas Homes (United Real Estate Dallas ) over 5 years ago

Hi Sharon -- it's often not easy to decide whether to remodel or move.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) over 5 years ago

Hi Lottie....good thought provoking post..... if anyone in your area is thinking of remodeling, their first call should be to you for a Free Market Analysis of their property.....

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) over 5 years ago

Thanks Barbara. Getting a market analysis of the home as it is today and a second analysis with remodeling taken into consideration is very helpful. Goals vary, but this is a good starting place.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) over 5 years ago

It's always nice to remodel as you can make your home exactly how you want it, however the hassle of living through a remodel will be no easy task. 

Posted by Morgan Evans, LICENSED REAL ESTATE SALESPERSON (Douglas Elliman Real Estate) over 5 years ago

Remodeling is certainly the right course at times, Morgan. BUT--you need to like your neighborhood, surrounding properties, size of the lot, etc., and not over-improve for the area if resale value is a consideration.

Posted by Lottie Kendall, Serving San Mateo County and San Francisco (Today | Sotheby's International Realty) over 5 years ago

Participate