Should You Renovate Your Home Or Sell It?

You have been living in your home for a long time now and in spite of all the wonderful memories, you might get tired of living on the same roof and looking at the same wall on a daily basis that you begin to entertain the thought of selling your home. Of course, there are the obvious advantages of selling your home and relocating, but if you are feeling sentimental and does not want to part with your current home, and then consider renovating it.

There are certain reasons why you should opt to renovate instead of sell. When you renovate your home, you could still sell it for a higher price in the near future. If it is your childhood home then you have all of your fondest and earliest memories that it is hard to depart with it and if your home is located in a developing area, it is best that you do not sell it.

Sell Your Home For A Higher Price

When you renovate your home, you would feel like you are living in a different one. All the flaws and damages would be repaired and the same wall that you have been staring would look and feel different even if you just repainted it with a different color. You could also opt for home additions to make your home feel brand new.

Hire contractors that are well known in the building industry and have them build you a swimming pool, new deck or a carport. Renovate your back yard and have a garden for fruits and vegetables. And when the time comes that you are decided to sell your home or you need to relocate overseas, you would be able to sell it for a higher price because of the makeover and the home additions.

Memorable Childhood Home

Even if you want to sell your home, your kids might be against you selling their childhood home especially if their friends and peers are living close by. It would be difficult to uproot them since they have already made a life for themselves and they are content and satisfied with where you are at the moment. Nothing could compare to all the memories and laughter that the family shared in your home. For a growing family, it is recommended that you renovate, specifically when it comes to your kid’s bedroom that is transitioning to teenagers.

Developing Area

If you are fortunate to have your home located in a developing area, do not sell your home because once the area is fully developed, prices for real estate would skyrocket. If you plan to sell your home, you would be able to fetch a higher price than when you first bought it. But, if you chose to renovate it instead, then you’d be able to experience living in a home within a prime area.

The reasons mentioned above for you to consider just renovating your home instead of selling it is justifiable. It is a win-win situation and agreeable to everyone in your family.

About the author  ⁄ Rodger Schmeltzer

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