If you’ve ever watched the popular television show “Love It or List It,” then you know the process that the participants go through in determining whether they can fix up their current home to better meet their needs, or alternatively, to move on to something else.
Although the entire event on the show takes only 30 minutes to complete, deciding whether to remain in your current home or purchase a new one can – and should – actually take a bit more time.
Should You Stay or Should You Go?
In reality, deciding whether to renovate your current residence or to put it on the market can take a great deal of focus and effort, as well as a certain amount of emotion – especially if you have lived in your present home for many years.
If you do opt to remain in your current abode, it is essential that you obtain bids from more than just one reputable company for the work that you intend to have done. That’s because the price of the very same job can differ – sometimes substantially – from one contractor to another. Prior to awarding any job, you should also be sure to check references.
If you have instead decided to move on, it is important that you have some parameters in mind. For example, do you want to remain in the same area as your present home, or would you rather reside in another part of town.
Having an idea of what type of home you’re looking for, as well as your purchase budget, is also important. This can help you to narrow down more precisely what is and is not going to work for you and your needs going forward.
Working with an experienced real estate agent can help you to more quickly find your ideal place. Oftentimes, real estate agents will have access to information about homes for sale that are not listed online or in any publications yet. This can give you the upper hand when it comes to competition. A real estate agent can also work with you to get your current home sold, so that you are ready for your next adventure.
If you are considering “listing it,” we can help – starting with providing you a free, no obligation analysis of your current home’s market value. So, Contact Us for more details.