REMODEL OR MOVE?
WE BUY ANY PROPERTY IN ANY CONDITION
Home remodeling is an endeavor where one can easily get carried away. With the end result of the remodeled property valuing less than what was spent fixing it and/or the remodeled area did not blend well with the home’s existing design.
If you find yourself dissatisfied with your current home, should you remodel or decide to move? It could either be that your home is getting old, needs expansion, is outdated, or some other concern that you want addressed. More often than not, moving to a new home is simpler than remodelling your current one.
Here are some reasons why:
Remodelling is more expensive than a new construction. You need to tear down or revise the existing structure before putting up a new one when you remodel. Current materials may have different dimensions and therefore much harder to fit into an old building. Extra care and precision must always be observed to prevent damaging the existing structure, which translates to an even bigger cost.
Remodelling is a hassle. Remodelling a home is most especially inconvenient if it’s done while the homeowner is living in it. The interruption, disorder and mess will drive any homeowner crazy. And moving out and renting a place would translate to more costs.
Resale value is less than remodelling costs. What real estate agents mean when they say that having additions (bathroom, kitchen) will increase your home’s value is that you only get the most of what you spent back and not a penny more.
Contractor problems and padded costs. I’ve never heard of a fairytale remodelling story. It’s usually something out of a horror movie. Since most redesign jobs require custom-made materials, more often than not these materials are way pricier than buying them for the construction of a new house. Another issue one has to deal with in remodelling is that contractors at times can charge more than originally estimated, they may do inferior work, and sometimes even walk off from the job.
The best option therefore, should you decide to forgo remodelling your home, is to sell and just buy a new one. That way, you can do away with all the problems and struggles of reconstructing and redesigning your home and just directly move-in hassle-free. Some people choose to sell using traditional methods of listing with a Realtor. However, there is usually repairs and preparation that is still needed to go to this route. For anyone looking to sell with the least amount of hassle and expense, real estate investors will buy using CASH and AS-IS.
Now, why bother remodelling when you can receive an as-is, cash offer today?
