Remodel or Sell?

Does it make more sense to remodel or move? Best answer…..”it depends”. If you love everything about your house except the kitchen, and you can get what you want with a remodeling budget of about 10% of your current value, it probably makes sense to stay and put the money toward a happy future, right where you are. Why 10%? I say this because the cost to move is easily 10% after real estate commissions, seller paid points, and possible repair items that need to be completed before the sale will close. This does not even include the expense and hassle of moving. Maybe your breakeven is higher than 10%, all things considered.

Leave a Reply

Your email address will not be published. Required fields are marked *