Should You Remodel or Sell? How to Decide!

February 19, 2008 by Mandie Spudich.

 Does it make sense to invest in improvements to your present home…or to start fresh with a new home that already meets your needs?

Let me help you decide!

1. How far from “ideal” is your present home from the one you would like?
    a.) a little
    b.) somewhat
    c.) huge difference

2. What is the property value trend in your neighborhood?
    a.) on the rise
    b.) maintaining
    c.) declining in value

3. How are property conditions in your neighborhood?
    a.) better than ever
    b.) about the same
    c.) getting worse

4. How long will you get useful life out of any potential remodeling or expansion?
    a.) 10 years or more
    b.) between 5 and 10 years
    c.) fewer than 4 years

5. Compared to other homes in the neighborhood, is yours….
    a.) smaller than others
    b.) similar to others
    c.) larger than others

Scoring:

For all (a) answers add 7 points

For all (b) answers add 5 points

For all (c) answers add 3 points

29-35 points:  Remodeling sounds like a pretty good idea for you!

20-28 points: You could remodel or resell depending on how you feel about your future.

Under 20 points:  Moving is a better bet for you than remodeling, both financially and emotionally.  It’s time to call a qualified Realtor!

For more detailed information visit

 www.toddfry.mandiespudich.com 

or call 724 205 1654

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