Tag Archives: home renovation

Remodeling vs Moving…Which is Right for You?

After a few years or decades in your home, you may discover it no longer meets your needs. When that is the case, you have two options. You can move and find a new home that meets your needs or remodel your existing home, so it fits your needs. Both options have pros and cons so there is a lot to consider when you are making your decision. Here are four questions to ask yourself before you decide.

  1. Is your location good or bad? If the location doesn’t work for you, that can’t be changed. In this case, moving is the option that will fix this problem.
  2. What about the size of your home? Do you want significantly more or less space? If you want less space, it’s time to move. If you want more space, you could add on to your home if your lot has enough space for that, your restrictions allow it and you have the money to do so. If adding on isn’t an option, moving is again the best choice.
  3. Beyond the location and if you like the place you are, do you like the area and feel comfortable in it? Did you buy your home 20 years ago and then a road was expanded, and you are closer to the highway than you would like? This is another thing that can’t be changed without moving. On the flipside, you may adore your location. It is very easy to grow attached to neighbors and your daily routine from where you live. If you love WHERE you live but don’t love the house anymore, a remodel might can help your house better meet your needs so you will love it as much as your neighbors.
  4. Are you looking for a home that will allow you to age-in-place? You may have lived in your home for 20-30 years but still love it. However, if all the bedrooms are upstairs, it may not be the place for you to grow old. Maybe you have a rarely used dining room or study that would make a great master suite. A remodel job may give you another 15-20 years in the home you love.

It’s important to think about this decision from multiple directions. Think about the financial aspect. Will a remodel cost so much that you will never recover anywhere near what you put into it? Remodeling can also be stressful. Are you up for the stress? Do you have the savings or are you willing to take out a loan for the changes you want to make? Can you remodel everything you want to at once or will you need to do it in stages so you can still live there? There are so many things to consider. Anytime you are thinking about real estate decisions, feel free to call me to answer any questions you have. I will be happy to answer any questions you may have, help you to find your dream home and/or determine the value of your existing property.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Photo by Milivoj Kuhar on Unsplash

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Should You Update Your Home or Sell It As-Is?

When you decide you are ready to sell your home, there will be many decisions to make like selecting a firm and agent to represent you, determining the list price and when you want to list your home. Before you get to the listing stage, you will need to determine if you plan to sell your home as-is or if there are improvements you want to make before listing.

Improvements come in all different sizes so depending on the age and condition of your home, there may be small improvements you can make or larger improvements that can change your home significantly. If you want to sell your home for its maximum value, it will need to be updated and have all systems in working order. What if your home is not in that condition currently? Is it worth making changes? It depends on what needs to be done and how much it will cost.

If your home needs repairs (not updates) like a new roof or repairs to an HVAC system, those should be made. When homes have major components that are not working, buyers will likely offer significantly less for a home. If your home is just dated, the updates are likely to cost more than the return they will be bring so it may not be wise to proceed with updates if the only reason is to increase your value. Depending on the market you live in, it may be necessary to update your home to help it sell if you live in a competitive market. If your home is not updated, you will want to remember that you will not be able to price your home the same as an updated home that recently sold because it won’t be comparable.

If you are thinking about making updates to your home but plan to live in it a few more years, the return is likely to be worth it. Historically, homes appreciate on an annual basis, so the appreciation coupled with the enjoyment you get from the updates you make to your home, are more likely to make the updates worthwhile. There are also some updates that usually have a greater return on investment than others.

When you are trying to decide what is best for your situation, you do not have to make the decision alone. As your trusted real estate advisor, I am always willing to have a conversation about your real estate investments and offer advice based on my experience and knowledge. I am available to you before, during and after the sale for real estate advice not just when it is time to sell.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Image by Jesse Bridgewater from Pixabay 

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Fall in Love with a New Kitchen

If you are planning a remodel in 2020, the kitchen is one of the most popular rooms to remodel. With kitchen remodels ranging greatly in price, you will want to take time to decide exactly what you want before you begin the process. If you are on a tight budget and can’t do a full kitchen remodel, you may want to consider waiting instead of spending money on changes that won’t satisfy you long term. A less expensive fix that needs to be changed right away will cost you more than doing it right the first time.

If your budget is large enough to accommodate the project you want to complete, the next step is to decide what you want to change in your kitchen. Here are some items that are readily available and sure to please you and any future owners of your home.

  • Granite, solid surface and butcher block countertops all have loyal followings.
  • Sleek appliances. Stainless is still popular but black stainless is showing up frequently as are some custom color options.
  • As people declutter more, open shelving has become more popular for your most frequently used items.
  • Statement sinks pop up more today while farmhouse and stainless options still maintain a strong presence as well.
  • Add a statement color in a small amount. A colorful island, painted ceiling, or bright table can make a large impact in an otherwise neutral space.
  • Select a range hood that makes a statement for a fun and functional update.
  • Technology is in the kitchen too with Bluetooth syncing to refrigerators and ovens becoming more common.
  • Integrated appliances hidden behind paneling and built-ins make your kitchen a true designer space.
  • Cabinets have seen an upgrade with new shapes and sizes like deep drawers for storing pots and pans near the cooktop.

It can be tempting to pack everything you love into your kitchen but don’t overdo it. While several of these trends can be easily incorporated in your kitchen remodel, don’t attempt them all. Pinterest and Houzz both provide great resources to search for ideas so you can determine what you like and what you don’t. Contact me today to determine what updates would be best for you. I will be happy to answer any questions you may have, help you to find your dream home and/or determine the value of your existing property.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Photo by Rustic Vegan on Unsplash

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Renovate or Sell?

If you have lived in your home for a while and no longer feel like it meets your needs, you have two choices. You may sell your home and buy a new one that has the options you are looking for or remodel your current home so that it meets your needs. How do you know what is best? Here are four things to think about.

Is your home in the location you want? If your home is where you want to live and homes in that area are not always available, you may consider making updates to your home and staying right where you are. All changes aren’t possible, but many are. Add more space, update the kitchen and bathrooms or add a garage. All of these are things you can do. It is important to consider the impact these changes will have on the value of your home. While changes don’t always increase your home’s value, make sure you don’t over improve your property. A five-bedroom home surrounded by two-bedroom homes will be a tough sell no matter how nice it is.

Schools are another reason you may want to stay in your home. If you have kids in school, moving may disrupt the schools they are enrolled in. Some school districts are highly coveted and if you are lucky enough to live in one of those, you may want to stay where you are as opposed to moving to the perfect house with schools you aren’t happy with.

What about your neighbors? If you have lived in your home for a long time, you may have neighbors that you are very close with. While you will have new neighbors when you move, it can take a long time to redevelop the relationships you have spent years building. If your neighbors are more like family, do you really want to leave that?

Lastly, moving is expensive. If you are moving because you think it will be cheaper and easier than renovating, think again. Moving is expensive and stressful and selling your house may have its own challenges as well. Weeks of packing, hiring a mover, unpacking at the new house and lots of other things will add up significantly in time and money. If you are moving to save money, make sure you factor the cost of the move into your plan.

Any home you purchase will have things you don’t like unless you custom build a new home. No home is perfect so its important to balance everything about a home when you are trying to decide so you know what will be best for you. If you have any additional questions about renovating or selling your home, I will be happy to answer any questions you may have, help you to find your dream home and/or determine the value of your existing property.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Image by ElasticComputeFarm from Pixabay 

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