remodeling vs selling
DESCRIPTION
With double digit percentage increases of home values, many homes are worth significantly more than their purchase price. Many homeowners initially considering selling, instead, are opting to stay put and renovating. With low interest rates, many homeowners are taking out equity lines of credit for home improvement projects. Wise use of these funds, for example, renovating baths or kitchens, increasing square footage, adding to the number of bedrooms, improves the value of the home beyond the actual dollar investment.TRANSCRIPT
by Robin Lechner Designs – www.RobinLechnerDesigns.com – [email protected] With double digit percentage increases of home values, many homes are worth significantly more than their purchase price. Many homeowners initially considering selling, instead, are opting to stay put and renovating. With low interest rates, many homeowners are taking out equity lines of credit for home improvement projects. Wise use of these funds, for example, renovating baths or kitchens, increasing square footage, adding to the number of bedrooms, improves the value of the home beyond the actual dollar investment.
In a recent survey conducted by Houzz.com, 78% of homeowners are remodeling to improve the look, feel, and enjoyment factor of their homes. Other factors include making space more functional, increasing home value, and upgrading appliances, lighting, and smart home features.
If you make the decision to upgrade, seek the advice of design and construction professionals. You’ll need architectural renderings, permits, licensed and insured trades people. Interior designers can actually save you money in the long run. Blog: bit.ly/1glsqje