Remodeling A Home vs Selling. Which Is Right For You?

Remodeling A Home vs Selling. Which Is Right For You?

  • Bridget Townsend
  • 12/3/21

Does your space need a full renovation to make you happy, or is it time to move on and find a new space altogether?

Watch this video to get my opinion.

Today, we're talking all about remodeling versus moving. So you know what the quarantine mandates in Hawaii, I'm sure many of you had have opportunity to make updates to your home. I know I did.

I took the opportunity to look around and make changes to allow my family to be comfortable during an extended period indoors, right? I'm sure you've seen that TV show where the family has totally outgrown their space and doesn't want to leave, fully decided to renovate and if the renovations aren't fixing the issue, only then do they move?

Well, that's kind of exhausting just thinking about it, to be honest. And let's face it, reality TV isn't always real. Living in a construction zone, while shopping for home? Holy Moly no way, that's so much stress.

That's why I'm recommending doing one, or the other.

Let's break it down now.

The 6 Ways To Decide: Remodel or Sell

A lot of times people get frustrated with their space, and they've had another baby, or fallen out of love with their condo, or started dreaming of retiring in a smaller space. Whatever the reason, it's very important to first identify why you're considering a move and then go from there. So here's six things to think about if you're considering moving or renovating.

Reason Number 1: Repairs & Updates

Can it be fixed easily? If you want to update a kitchen flopping out fixtures, painting cabinets, or buying new appliances is a pretty easy fix. But if you want a bigger kitchen or an open concept, you may need another home altogether, right? And so that's something that you really want to ask yourself is cannot be created here or do I need to look somewhere else?

Consideration #2: Contractors

Okay, and then can you deal with the contractors? Hiring an interior design or general contractor to manage the project will help, but renovations require work with multiple companies, and contractors on a daily basis, and you'll be dependent on their timeline, expertise, quality of work, and if you don't want people coming in and out of your home for weeks on end, it may be time to move into a turnkey home.

Consideration #3: Renovations or Turnkey

Can you live in a mess for a while? Renovations can be dusty, and dirty, and shrink an already hard to navigate environment. Tools will be everywhere, equipment will be everywhere, and people will be everywhere. Maybe a turnkey property may be more appealing.

Consideration #4: Moving

Can you tolerate a move? You may dread the thought of having to pack up your whole life and your entire home while paying a movie company $1,000s of dollars to pick up your heirloom armoire and try to make it through the front door. If this sounds unbearable to you, then it may be caused to stay maybe you have too many collectibles that you just don't want to go through and have to organize?

Consideration #5: Location, Location, Location

Do you love your location? If the view, zoning, corner lot, or amazing neighbors are the reason why you moved to your current house to begin with, then moving may not be the answer. In this case, it would be better to renovate the inside of the home to match the amazing benefits of the outside of the home.

Consideration #6: Finding A Trusted Realtor On Oahu

No matter what you decide. It's important to have a good realtor to help you understand how renovations will affect your home value and help you decide if you're better off packing up and moving to a new space. I have experience helping sellers prepare their home for lifting, improving small things that will make a big difference in sales price. And at this point, you may be convinced that it's time to get some guidance around the area of renovating a current home versus moving to a new one.

So if you're thinking about making a move, we can help you through the process. Just send us a message or text me on my cell phone at (808) 265-3906. No pressure, no sales tactics, just the help and guidance that you need.

Finally, if you're a resident of Oahu, I want to let you know that you can follow us on Instagram as you walk with or add me on Facebook. So please feel free to post any questions, comments or concerns. Thank you so much for joining me today. I'll see you in the next episode.

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