Real Estate Watch – Centermac SD, Inc.
When to List It
Have you seen the HGTV show, Love It or List It? In the show, a design and remodel team works with the featured homeowner to renovate their existing home, turning it into a space that is functional for their current needs and meets their design expectations. While renovations are taking place, the homeowners meet with a real estate agent to view other homes that might better fit their needs and desires. In the end, the homeowners are left to decide: Love it? Or list it? Will they stay in their existing, newly renovated home, or sell and move to a new home?
While you may not have the opportunity to appear on a show such as Love It or List It, you may find yourself in a similar situation. Is it worth it to renovate your current home, or is it in your best interest to sell and move into something different? How do you decide?
It’s difficult to find the perfect home, one with just the right amount of storage, the ideal layout, and all the room your family needs. Most homeowners have at least one thing they’d change about their home. If that something is within the four walls of the home, a renovation may solve the problem. However, if it’s a matter of location, the size of the yard, or the length of your daily commute that has you feeling discontented with your home, selling might be your best bet.
If you’re weighing your options between a home renovation project and selling, here are some questions to ask yourself:
• What is the real estate market in your area like? What is the biggest issue you have in your home?
• How long have you been in your home? Are you really ready for a renovation? How does your home compare to others in the neighborhood? Have you outgrown your space?
No matter how much you enjoy shows like Love It or List It, remember that this isn’t TV, it’s real life. Take time to weigh all your options before making your decision to love it or list it.
Whether you decide on a home renovation or are ready to start the hunt for a new home, contact us for a complimentary consultation.
Professional Real Estate Consultant
DRE # 02004228
Branch Manager/VP of Mortgage Lending
Centermac SD, Inc.
9888 Carroll Centre Rd., Ste 200
San Diego, CA 92126