How do you know if your current digs have the potential to become your dream home ?
Here are five signs that you should stay where you are and renovate the house to suit your needs.
Whether it’s in the home, the neighborhood, the school system, or other local ties, a deep emotional connection to property is worth listening to. That’s a very good reason to take the time to change your space to suit your needs. We suggest a renovation to increase square footage and fit your lifestyle.
Spending money on a property you’ve already invested in offers more potential to create additional value. With a renovation, you get much more for your investment in terms of finishes. There may be some rebuilding costs, but more of your money will go toward details that make a lasting impact.
A 2019 study by the National Association of Realtors Research Group estimated that a homeowner could expect to recoup 50 to 60 percent of the cost of most renovation projects in home value.
That said, where you renovate is important if you have resale in mind, eg a kitchen renovation greatly increases property value and buyer perception
Older homes often come with quirks and charm that can’t be replicated by new construction, even with vintage or recycled finishes.
Whether it’s a crooked window or the fact that there are no right angles anywhere, if a home’s imperfections, or at least some of them, bring you joy, you need to stick around and keep those spaces spotless.
If a family situation changes (like teenagers not wanting to share a room, a new family member, etc) it’s probably worth making small adjustments and weathering the storm.
With the right project, with a small renovation and investment you can solve it.
In many parts of the country, ready-to-build lots are in short supply. As developers struggle to keep up with demand, land prices are rising, making it harder for families to move into a larger, newly built home.
If this is the case in your area, renovating the house may be a more cost-effective solution.
At DeCero we can help you define the best time to reform or renovate your home according to your needs and budget. Ask us1