Your Needs Are Changing - Should You Stay & Remodel or Should You Sell??

It can be a really tough decision to have to make when you've reached the point where you've outgrown your home.  You've got two options - sell and move to a new home or remodel and enlarge your current home for more living space.

Statistics have shown that most homeowners who do extensive improvements to their homes often end up selling their homes within just a few years of the work being completed.  The decisions you make about your remodeling could have a significant impact on whether you can recover your investment or not when you decide to sell your home.

As REALTORS, we see many homes and talk with many buyers.  We can provide professional advice on what buyers are looking for.  Having that knowledge, we're able to help you with suggestions on your remodeling projects that can help to add to your family's enjoyment while keeping in mind future resale value.

Before you decide to tackle the remodeling project, make sure to consider whether expensive improvements will over-improve your home for the neighborhood.  Think about the investment you're about to make and how that compares to the selling prices of other homes in your area.  If that investment far exceeds the values of the homes around you, it may make more sense to sell your present home and look to buy a new one that better meets your needs.

Ann Cummings
Portsmouth New Hampshire