Boston Property Management: Renovate or Sell
It is always a tough decision deciding whether you should renovate your home or save yourself the trouble by selling it. Sometimes it is just not worth the renovation as you are better off buying a bigger, better place. In some cases, you can make do with renovating your place. The best way to make that decision is to review everything before you make up your mind.
Tour Your Home
A walk through your home is the best way to get started. That is how you can do an assessment of what you want to do. This walkthrough should be for the next six-seven months you live in your home. The reason why this is recommended is because it will let you see how it during the different seasons and types of weather. It is helpful because you can see how light, noise and the temperature affects it.
You will be able to evaluate how you need to use your space. Perhaps you can add an extension to the room or you could just rearrange furniture in the room to make it bigger.
Boston Property Management: Visualize the Space
If you are not sure of how your home will look after remodeling, visit some open houses in your neighborhood. There is nothing wrong with visiting homes to get an idea of how you should remodel your place. You can get some sort of idea on the different styles and finishes you can give your home.
If you want a more professional approach, you can take a blueprint of your home to a home improvement store. There are loads of them such as Home Depot and Costco which can help give you a digital rendering of how your home would look like with renovations. Do remember that they are not professionals so you won’t be able to ask them for costs. However you will still get an idea of how the home will look like.
Is it worth renovating your home?
Before you make up your mind about renovations, make sure that you know what you are getting into. The cost of renovation should be beneficial to the value of your home. This means that if the value of a home is $400,000 and you spend $30,000 on renovations, you will owe more for your home. So make sure that you add value to your home. If you want to sell it you won’t recoup your costs.
We hope you liked “Boston Property Management: Renovate or Sell”.