Move or Improve?

4/4/2011 at 4:14:25 PM

Hi Nancy,

I guess one question would be, do you like the nieghbourhood you are in?

If you really love the area you live in, then you should improve your home by ways of renovating the rooms you think need it. Kitchen and bathroom renovations will easily add value to your house, but the real value is that you get to stay in a house you love.

I have been asked this question many times, as I work with a real estate lady who refers me to her customers. Sometimes the improvements are such a welcome to what was there previously, that the homeowner decides not to sell and stay where they are. I also have done home improvements for people who have just purchased a home and want to upgrade the basement, kitchen or bathrooms.

A beautiful home in an area your not quite in love with never feels as good as a home that needs alittle work but you truly love the area and neighbours.

Bill Clawsie

Clawsie Contracting

11/14/2011 at 11:02:45 AM

Hi Nancy,

We all have different reasons why we decide to sell our homes. As you are probably well aware, kitchens and bathrooms are key selling areas in any home.

Additionally, renovating to sell is much different than renovating to stay. I would advise you to consult with a professional home stager in your area who will give you a list of recommendations on how to improve your home without spending a fortune. A professional stager will only recommend items that will maximize your home's ROI - for example we would never recommend replacing laminate countertops with granite in a home which is in an area where that type of upgrade isn't the norm. We *would* recommend it in a luxury home where buyers will expect to see those types of upgrades based upon the price point of the home.

It's all about giving potentials what they want - a home that models the upgraded lifestyle they are looking for and VALUE.

Warmly,

Heather Cook

Rooms in Bloom Home Staging & Design Inc.

7/22/2012 at 9:16:05 PM

Hi!!

You can find a good contractor to review with you the best options for a renovation, then you may want to stay, but as well after a renovation your house will increase the value and can be easy to seel it.

S&E Renovation And Cleaning Services

2/21/2014 at 7:04:42 PM

If there for 5-7 years yet a bath/kitchen/paint/flooring remodel will all get you money back big time. If selling in under 3 years waste of time. New house $500-600,000. You decide?