Remodel OR Move?
A. I talk with a lot of people each year about what to do with their home. Most have the burning question, “should I sink more money into this house or just move?” The biggest sticking point for most people is “if I do all this work, will I ever be able to get my money back out of the house?” Here is my (admittedly biased) view on this issue. The first question to consider is how much will it cost you to sell your home and move? The answer is a lot! And that is money you will never recover. For a home that will sell for $200,000.00 the cost of selling is going to about $20,000.00 to $25,000.00. First most folks have to spruce up the old place to make it more presentable. Some new carpet and some new paint, allow $7,000.00. Then when you do get a buyer and his Home Inspector checks the house over he finds another $2,000.00 of repair items that he tells the buyers should be done (at your expense). This is $9,000.00 spent on decorating and repair that you don’t even get to enjoy, it’s don
