When to Remodel a House and When to Sell It – A Difficult Decision

home remodeling

If you have been living in your home for a long time and you are fond of it, but it shows the signs of aging all over the place or your family has grown since you moved in and the place feels very tight, it is probably time to do something about the problem – here are some ideas about when to remodel a house and when to start thinking about selling it.

Structure and Location

If you need more space in your home, but the structure of the building is good, the location is perfect and so is the neighborhood, it is probably a good idea to plan for remodeling and not for selling. You can increase space by adding an attic or by remodeling your basement – depending on the current condition of the attic and the basement, the project might require a smaller or a larger investment, but you can do it all at your own pace and you will eventually have the extra space that you need.

How Extensive the Renovation Needs to Be?

If the important structural elements of your home, such as the roof or the foundation are damaged and the repair or the replacement would be much too lengthy or too costly, you might want to have a look at the housing market in your area. Have a look at the current value of homes that are similar to yours in terms of size and condition and look at the homes that would meet all or most of your requirements, then have a look at the budget available to you for financing the difference. If the foundation repair or the roof replacement are still the cheaper solution, then plan for the remodel rather than for selling. Get roofing services information and possible expenses associated with these services by scheduling a meeting with roofing Wichita KS companies.

Consider the Timeframe

Home remodelling is not something that you get completed quickly, especially if it involves work inside the home and the disruption of your day to day life for a longer period. Take a detailed look at what needs to be done, think about the repair or remodeling work that you and the others in your family can handle yourselves and factor in that the process is always more difficult and more expensive than you have initially thought, then decide whether remodeling or selling would work best for you.

Be Reasonable

Try to separate your dreams form the renovation that is necessary indeed. The kitchen and the bathroom are the two most expensive spaces in any home – you can spend any amount of money on remodeling them, so try to limit the remodeling to-do list to the minimum and focus on structural components, such as the roof, the plumbing, the walls, the siding panels or the doors and the windows, rather than on kitchen design.

Deciding when to remodel a house and when to sell it takes time, attention and reasonable thinking, but if you feel stuck you can turn to a construction professional for help and advice – they will know how to assess the condition of your home and they will help you make the best decision.