Should you Sell or Stay & Renovate?
Are you on the fence about selling your home? Do you want change but are unsure of which course of action would be best for you and your family?
Be sure to watch the Goldilocks Estates real estate video above. This 10 minute video will help you work through the details of whether you and your family should renovate your existing home or perhaps list and sell your home with a real estate agent.
My suggestion is to start looking at the cost of completing your ideal home renovation. Have a few contractors and interior designers provide you with a ballpark cost to achieve your dream home. Once you have a budget add this cost in with the remaining balance of your mortgage, as well as real estate fees and any additional debt that you intend on clearing once you sell your home. If your total debt approaches the market value of renovated homes currently selling in your neighborhood, perhaps that dream renovation should be reconsidered.
We are selling homes in a buyer’s market right now and there are some fabuluous deals available. With the proceeds you will receive from the sale of your current home there may be more incentive to selling and purchasing a home without the worries or hassle of dealing with a home renovation.
If you have any real estate questions or are looking for a hardworking real estate agent in the Kelowna, Okanagan, British Columbia area, be sure to give me a call at my Coldwell Banker Horizon Realty office 250-718-5324 or visit my website www.GoldilocksEstates.com
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