Remodel & Sell or Sell As Is?
7 Important Factors to Guide Your Decision.
Selling your home can be a daunting process. You want a good return on your investment, but you need to get moving. You may be tempted to take the easiest path, but before forging ahead, you need to weigh multiple factors.
Sharpstown Realty suggests you ask yourself these questions.
How long have you been in your home?
Consider waiting three to five years before selling, as typically three years is when you break even, as one should consider costs like real estate agent commissions and moving expenses. Property values also can also change during this time, which could improve your home’s value.
Did you think about the reality of renovations?
Renovating can be time-consuming: waiting for permits, inspectors, communicating with your general contractor and picking out finishes and fixtures. Along with being drawn-out, you must consider the expenses involved.
Are you going to over improve your home?
The best investments you can make are upgrades to the bathroom, kitchen, landscape, carpet and paint. Your home value is in part based on comparable houses in your neighborhood, he said, so be careful not to renovate so extensively that your home’s value far outpaces homes in the area.
Do you like your location?
Location is and always should be the first consideration, If you love your current location, then you may want to renovate to stay there, rather than move to a better home in a less desirable location.
How much can you get for your home?
This where Sharpstown Realty can really help. Ronald Graham (A Sharpstown Resident) is a Real Estate expert with extensive experience in construction and renovation. He can give you insight into homes that have recently sold, and what the demand was like for those homes. Depending on what the market is for homes like yours, Ronald will tell you whether now is a good time to sell your home as is, or If remodeling or making minor repairs would add value and profit to the sale. This service is free and comes without obligation..
Would you be happy with a face-lift?
Perhaps you love your location and do not want to go through the effort of moving, think about whether you’d rather spend a little money to organize, declutter and redo a few aspects of your home to freshen its appearance. In that case Sharpstown Realty can consult with you on updating and freshening your home. We have remodeled and repaired many homes and we do very high quality work. Call 832 374-9595 for a free estimate and consultation.
Have you truly outgrown your space?
If you need extra bedrooms and can’t split one in two, then you may have outgrown your space. Or if you’re always feeling cramped in the common areas and have no more walls to knock down, then perhaps it’s time to seriously consider a move. But if your issues can be resolved with renovations, you can expand the backyard to allow for more outdoor space and you’re fond of your neighborhood, you are probably better off staying where you are. In any case Sharpstown Realty can help you make the best decision. Call today, or use any contact link on this page and we will meet with you, discuss and analyze your situation and provide you with the personalized solution for the best results possible.
Where Do Home Value Estimates Come From?