Renovate or Move? How to Decide
Posted by Kristin Lally on Wednesday, February 19, 2020 at 11:48 AM
By Kristin Lally / February 19, 2020
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As needs change, homeowners frequently ponder, "Should I buy a new home, or stay put and renovate my current one?"
Factors to consider when weighing your options:
- Market Data: Return on investment is usually top of mind for sellers.
- Mortgage rates: Would your mortgage rate increase or decrease if you were to buy a new home?
- Renovation scope: How much would you need to do to your home to achieve the look you're hoping for? How much would it cost?
- Long-term goals: Are you in a location you're happy with for the long-term?
Researching current market value and hypothetical post renovation market value is a complementary service I offer. If this assistance could benefit you, give me a call.
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