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?

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 neighbourhood, perhaps that dream renovation should be reconsidered.

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 RE/MAX Kelowna office at 250-718-5324.

Thank-you for following Goldilocks Estates.