HOW TO DECIDE IF YOU SHOULD REMODEL OR MOVE
After living in a home for several years, it can be easy to discover things you may not be crazy about. While some things can be a quick fix, there may be major changes that make you wonder if it is worth the investment. At this point, you’re probably asking yourself if you should remodel or just find a new home. This isn’t always an easy choice. Here are some things to consider when deciding what will work best for you.
Determine which is more cost-friendly
While both options will have costs, one will have more than the other depending on your situation. Some of the costs of selling include agent commissions, moving costs, minor repairs, the costs of a new home, and potential upsizing costs. The costs of remodeling can include permits, architectural plans, materials and labor, and any other additional costs incurred in the process.
Look into the current housing market
Depending on whether your local real estate market is hot, it might make more sense to just sell if houses are selling quickly around you. By talking to a real estate agent, you can find out what to expect in terms of days on market, average sales price, and other important factors when it comes to selling a home.
Consider the ROI on your remodel
Calculating your return on investment will help you determine two things – first, if a remodel will cost you less than selling your home. It will also help you determine if you will be able to make your money back on a remodel if you choose to sell in the future. Look into the Cost v. Value Report for the last year, which can guide you on the most and least cost-effective improvements.
Decide if your roots are deep
Is your home more than just a home to you? If you and your family are actively involved in the community, remodeling may work best for you. On the flip side, if there are better schooling or job opportunities in a different neighborhood, or you already spend hours a day traveling to those locations, selling may be a better option.
Decide if a renovation can solve your problems
Take the time to decide if the problems with your home are fixable. Is it really the house, or do you dislike your neighborhood? Do you have to spend an hour driving one way to work? Do you need a lot more space? If your answer to questions like this make you realize renovations won’t solve your problems, consider that it may just be time to put your home on the market.
Source: Ladies of Real Estate
Pig Latin Cocina
2825 Dublin Blvd., Colorado Springs, CO 80918
MON – SUN: 11AM – 11PM
What started out as a food truck has grown into a brick and mortar location that features a Latin American menu with a plot twist, think quesadilla meets kimchi, nachos with a Caribbean flair, and even a PigLatin spin on the classic Old Fashioned.
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2113 Saranac Dr
3 Bedrooms | 2 Bathrooms | 1490 SqFt
Welcome home! This beautiful bi-level home is so welcoming and has instant curb appeal with its neutral exterior and blue accent door! Great central location, with easy access to everywhere in the city! Come check it out!
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Nov 11-Jan 31 (dates and hours vary) | Acacia Park (Downtown) | 115 E. Platte Ave | Website
18th Annual Arts & Crafts Fair
Nov 5 9am-4pm & Nov 6, 10am-3pm | Marcroft Hall | 9105 Chipeta Park Rd (Cascade, CO) | Website
Yoga at the Fine Arts Center
Nov 6, 10:30-11:30am | Colorado Springs Fine Arts Center | 30 West Dale Street | Website
Skate in the Park Returns
Nov 11-Jan 31 (dates and hours vary) | Acacia Park (Downtown) | 115 E. Platte Ave | Website
