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Should You Remodel or Sell? How to Decide!
Posted By Mandie Spudich On February 19, 2008 @ 11:19 pm In Real Estate Basics | No Comments
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!
How far from “ideal” is your present home from the one you would like?
a.) a little
b.) somewhat
c.) huge difference
What is the property value trend in your neighborhood?
a.) on the rise
b.) maintaining
c.) declining in value
How are property conditions in your neighborhood?
a.) better than ever
b.) about the same
c.) getting worse
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
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
[1] www.toddfry.mandiespudich.com
or call 724 205 1654
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