Is A Major Home Renovation Worth It In The Long Run

Dated: 04/10/2018

Views: 119

Let’s say you have a 4-bedroom colonial style home in a great school district. The neighborhood is amazing, and you are very comfortable there, but your kids are all grown up and the original benefits of the home no longer apply.

You’ve always wanted a huge master suite and are considering merging 3 of the smaller bedrooms on the second floor to achieve this dream.

In the short term, you are over the moon excited about your newly renovated oasis.

In the long term, when you go to sell your home down the road, you’ve now taken a 4-bedroom home in a great school district and turned it into a 2-bedroom home. Your pool of potential buyers has shrunk significantly and so has the value of your home (unless you are able to find someone who has the exact needs you have today!).

Why not consider listing your 4-bedroom home now and moving into a gorgeous 2-bedroom with a master suite? Your house can become a home for the next family looking for that perfect neighborhood with a great school district to raise their kids in!

You may even be able to achieve your dream in the same area you love, without having to give up your favorite restaurants and grocery stores.

Bottom Line

If you are debating a major renovation that would change the layout of your home, before you pick up that sledgehammer, meet with a local real estate professional who can show you the available listings in your area that might meet your needs today!


SOURCE- Keeping Current Matters


Blog author image

Jodi Travis

Jodi K. Travis has been a resident of Northern Nevada for most of her life. As someone who enjoys traveling, she still loves coming home to this high desert jewel surrounded by the vast, picturesque m....

Latest Blog Posts

How the exterior color can affect the house price of your Home

Great article - Consider Paint before Listing your Home!There are a lot of costs to consider when turning a run-down house into a beautiful new home again. What if we tell you, that something

Read More

Use a Realtor when Looking at New Homes

New Home BuildersIf you haven’t noticed, the homebuilders are busy building a lot of new homes around our area.  Many home buyers are tired of being outbid time and again on

Read More

Mortgage Recasting

New What is mortgage recasting?Recently, one of my clients took advantage of a lender program called mortgage recasting. You may ask, "What is mortgage recasting?" Well, it is a program

Read More

Top 5 Contractor Scams (and How to Avoid Them)

What contractors say when they’re about to cheat you.“Well, he seemed legit” is what many homeowners end up saying after realizing they’re out the $1,500 they handed over

Read More