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Is it Better to Sell or Remodel?

June 9, 2011

Your family is outgrowing your home and you dream of having more space, but is it a better idea to add an room or pull up stakes and move to a bigger home? There are several issues you need to think about before you make a decision.

If you stay in your present home you can avoid the stress and financial expense of selling, moving and settling into a new neighborhood and new schools. But enlarging your home’s footprint might not be as easy as you think. The overall design of your home could pose a limit on such big changes and some neighborhoods have strict regulations on exterior remodeling. Also a new addition may not be cost effective when it comes time to sell.

Renovation projects can be very disrupting to a family’s daily routine, so it’s good get professional advice from both your REALTOR® and a trusted builder to give you a clear idea on all the advantages and disadvantages of both options.

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