Friday, October 07, 2016 / by Jason Huerkamp
- If you add on in one area, will it change the flow of the home
- If it does change the flow what are the consequences
- Can your relationships withstand a remodel
- What are the financial implications
- Do you have the time to deal with this
- Do you have a reliable contractor
If you remodel and add a room then
- - Do you have the space for the addition
- - Are there any septic or other rules that may not allow you to make the addition
- - What is the cost of the plans
- - What would be the cost of the construction
- - What other changes may you need to make in order to get the job completed
- - What inconvenience may this cause to you and those who live with you
- - Would you need to make arrangements to stay elsewhere during construction and if so, at what cost
- - Would there be any subordinate costs hotel. tool hire, insurance, liability insurance etc
Rule of thumb is that to move will cost you approximately 10% of the value of your property. Agents fees, moving costs, closing costs, etc
What Would The Remodel Cost?
- - Its a good idea to get three quotes from three recommended and reputable contractors
- - Check their references and be sure they are able to complete the job timeously
- - Are they licensed and insured
- - Have you seen the quality of their work?
Talk to a Realtor
It would also be a great time to get advice from an experienced Real Estate Agent who will be able to help you with a valuation on your home as it stands and give you a fair idea of what the improved value of your home will be in today's market. Allow the agent to give you a comparable marketing analysis so that you can make a calculated decision whether you should sell or remodel. Don't allow your heart to rule - let it be a head decision first. Be sure that you would be able to recoup your money if you had to get your home sold.
Whatever your decision, the Huerkamp Team will be there to assist you with your decision.