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the time seems to be drawing near for making
the decision to move or improve, do your homework
first. Look at what your neighborhood is doing,
and what housing prices are. Talk with a trusted
HomeJoy Real Estate agent, and consider an independent
market appraisal of your home. Consider paying
a general contractor a consultation fee to discuss
your home's general condition, and the cost
of potential improvements. And be sure you don't
ignore municipal and homeowner's association
requirements and restrictions as part of your
you are faced with large home improvement repairs,
you need to weigh that carefully. If your home
has substantially appreciated in value over
the years and the needed repairs would create
a financial burden for you, it may be wise to
consider selling – you'll have to ask
a little less than you would if those repairs
weren't necessary, but you may still make a
sizeable profit on the sale.
the other hand, perhaps the housing market is
down, or you haven't had the house that long
and your equity is not substantial. It may be
wise to refinance or secure other funding, and
make the repairs now before the situation worsens.
often, the reason people want to move is because
the house is simply too small to meet their
current needs. If that's the case, and if you
like the neighborhood and like the house in
general, you might want to consider adding on.
Room additions can make a huge difference in
the size, layout and livability of any home,
provided they are done correctly.
that as much as you love a house and a neighborhood,
and as much as you would like to stay in it,
remodeling is not always the answer. No matter
how good your contractor is, remodeling will
not increase the size of a small lot, it won't
add a wood shop in a neighborhood that doesn't
allow them, and it probably won't be able to
alleviate major flaws in room layout. And then
there's the potential problem of overbuilding.
Not limited to additions – it can apply
to everything from upgraded roofing materials
to kitchen remodels to extensive landscaping.
the decision whether to sell your home or improve
it is always a tough one. There are financial
and emotional decisions to make, and any number
of factors that can tip the balance one way
or the other. The emotional decisions are ones
that only you can answer, but as to the financial
side of things, answering a few common sense
questions may make that decision easier.