By: Deanalee Zuccatto
If you need to upsize or you’re simply ready for a change, it’s tempting to consider a major renovation. After all, renovating means you don’t have to go through the process of selling your property and buying another more fitting home. You just fix up the one you’ve got!
However, you should carefully consider the pros and cons of renovating before going this direction. You don’t want to invest in an expensive renovation only to end up with a home that still doesn’t meet your wants and needs.
One example is, your current property doesn’t have a home office. Since all the bedrooms are taken, you decide to renovate a portion of the basement. Building that new home office may seem like a simple project, but once you consider new electrical, flooring, lighting, etc., it really isn’t. Like most renovations, it will probably cost more than you think. Plus, you’ll need to consider whether you’ll really want your office to be in the basement.
In this case, it might make more sense to find a new home with an extra bedroom that can be converted, or, better still, a dedicated home office space called a den — with windows!
Of course, there are many situations in which a renovation may be the best way to go. If you don’t like your kitchen, for example, upgrading it may not only get you the kitchen you want, but also add value to your property.
Basically, you need to ask yourself: “Which is more likely to get me the home I really want – a renovation or a new home?”
If your answer is a new home, then there is probably a property on the market right now that would meet your needs. Let’s talk. You can contact me directly at (780) 718-1052.