VACAVILLE, CA, Mar 29, 2024—Maybe your family is growing in size, your kids have left the nest, or you’re simply dreaming of a space with a larger kitchen or guest bedroom. Whatever the reason, many homeowners come to a point in their homeownership journey where they’ve outgrown their current space and are wondering: should I move, or should I remodel?
“The answer to this question is not universal,” says Stephen Spencer, Bev Dorsett & Sue and Steve Kappel, Broker/Owners of Coldwell Banker - Kappel Gateway, “and will vary from homeowner to homeowner depending on your needs and wants.” When it comes to making this decision, your personal needs, preferences and finances are all factors.
“If you’ve lived in your home a while and prefer to stay in your school district or neighborhood, improving your existing space may work best for you,” explains Sue and Steve Kappel. If a second bathroom is what you desire, it may also be cheaper to convert existing space than to relocate to another home.
According to the American Homeowners Foundation, you can expect to spend 8 - 10 percent of your current home’s value when you move. “With this number in mind, ask yourself if that money could be better spent on a remodeling project instead,” suggests Sue and Steve Kappel.
Chances are you’d increase your home’s value, derive more pleasure from your home than you did previously, and save yourself the time, expense and headache of a move.
For information on real estate, please contact Coldwell Banker - Kappel Gateway at info@kappelgateway.com, 707-427-5344, or Coldwell Banker - Kappel Gateway.