If the question of upgrading or downsizing does occur one question usually arises: should I remodel my home or just sell it? This question is many-sided, have your children moved out and headed to college or maybe you just acquired your parents home. The key now is to keep a mindful eye on the housing market and to figure out what your family’s five-year plan is.
In strong housing markets like Southern California, your primary directive is to identify how to improve the utilization of your existing space for your family and potential renters or buyers.
In a strong market, it’s very important to get a current market analysis from a realtor to uncover what the true value of your home is. You’ll need to review the overall costs of moving in and out as well how much will it increase the property value of the home. For most sometimes it makes more sense to remodel if the costs or affordable and you can update existing amenities to accommodate your current lifestyle.
Questions to ask yourself:
Why do I want to remodel?
How much will it cost?
How long will it take?
Will the remodeling increase the property value of your home?
What changes would you like to see?
How much space do you need?
Are you considering relocation in the future?
Do the benefits of selling out weigh the sentimental attachment to your home?
Whatever your decision will be, Mitchell Construction has the experience and the wherewithal to enhance your homes space, aesthetics, and increase your property value.
