Princeton Town Topics – Let’s Talk Real Estate – January 19, 2011
IS IT BETTER TO SELL OR REMODEL?
Your family is outgrowing your home and you dream of having more space, but is it a better idea to add a 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 to get professional advice from both your REALTOR® and a trusted builder in order to have a clear idea on all the advantages and disadvantages of both options.
