Should I Stay or Should I Go?

By: Allison Millar, Contributing Writer
In: Necessary home improvements
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Should I stay or should I go? To borrow a few words from the Clash, we’re debating that big question when it comes to remodeling our house. We’ve done a lot of remodeling, but aren’t sure how much more to pour into it.

It’s a Wrap on Home Improvement

Do we wrap up the home improvement and move on in a few years or stay and do more remodeling? It’s a tough decision.

If you’re facing this dilemma, ask yourself if you’ll come out ahead if you finish remodeling and sell in a few years. Can you get your money back? The answers depends–did you do smart projects such as the kitchen and bathroom? Does your new look appeal to a wide audience? What’s your local real estate sales picture? Check out the Wall Street Journal for more.

Also consider:

Your Local Real Estate Sales Market

Nobody wants to move and lose money on a home, so start by looking at your local real estate sales market. Realty Times breaks it down. What would your house realistically sell for? Add in the real estate commission and other costs and see where you’d be.

Remodeling and Your Emotions

According to Bank Rate, you need to weigh the financial and emotional sides. What do you gain on the other end–a bigger yard, shorter commute, larger house? Is it worth the cost of moving or should you remodel and stay?

In the end, you have to trust your gut. If you just can’t picture yourself growing old in this home, then perhaps it’s time to finish any loose home improvement projects and cut the cord. (Assuming you won’t take a total hit financially!). On the flip side, if a little home improvement can give you the house of your dreams, then do the remodeling and stay.

A tough call either way!

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