This is a very involved question. Is it better to remodel your existing home or to find the home that answers your needs and move into it?



Truly, you will benefit by discussing the matter at some length with your real estate advisor, but let's look at a few of the more obvious considerations.



The reality is that you are usually better off finding another home that truly meets your needs and wishes. You can do the necessary research and wind up very confident that your next home's value hasn't been distorted by additions to or subtractions from its original design, and isn't out of line with the value of other homes in the same neighborhood. Further, you don't have the problem of trying to fit square pegs into existing round holes, or newborn children into former closets.



By far the most important issue is to know exactly what you need your new (or remodeled) home to provide you. The second issue is sheer economics. Not only do you need to see whether you can get the money back out of your house that you put into it in a remodel, but you also need to look at market conditions. Is it reasonably easy to sell this home today? How easy or difficult is it to buy another? What would the differences be between financing your remodel and financing the purchase of another home? Again, be sure to talk with your real estate advisor about these questions. Just call Beth at 425-450-5208!