Unless you built a custom home, you probably have a long list of things you’d like to improve in your current home. Browsing online listings might get you in the mood to upgrade to a new home for sale in Incline Village NV, or you might be thinking about renovating your current home after binging on HGTV shows.
The answer to renovation vs. relocation depends greatly on what you’re trying to fix.
Thinking about a new kitchen?
If you’re dreaming of a chef’s kitchen with new appliances and beautiful cabinets, renovating your own kitchen gives you incredible ROI and is less costly than moving. You’ll increase the value of your own home if you ever decide to sell, and there’s a great sense of accomplishment that comes with completing a custom renovation.
On average, most homeowners spend between $12,586 and $33,142 for a kitchen remodel. A $30,000+ renovation may include installing custom cabinets, granite counters, hardwood floors, and high-end appliances.
Need more space?
If you’re running low on bedrooms, there may not be a lot of options. Converting an existing room to a bedroom doesn’t create any new space. If you’re in a condo, an addition is probably impossible. And additions can be expensive even if it’s a possibility. Moving is usually the best option.
Are there no improvements in the neighborhood?
You may have seen some potential for your neighborhood when you first moved there, but perhaps it still isn’t welcoming the shops and restaurants you expected. If that’s the case, consider moving. There’s no sense in waiting years for the neighborhood to improve, especially if you can move to a house in the same price range in a more preferred part of the city.
Before you make any decision of whether or not you should renovate your Incline Village NV home or move to a new one, take into consideration your answers to the three questions above.
You also need to determine whether renovating will bring a good return on your investment and whether you can afford to buy a replacement home. These, along with other factors, will help you make a sound decision.
Don’t stress yourself out. Weigh the pros and cons of both options. You can even read more about renovating a home or buying a new one by visiting: www.HomesForSaleInclineVillage.com.
If you’re looking to buy or sell your home in Incline Village NV, call me, Peg Augustus, at 775-831-2846. I sell homes in Incline Village NV because it’s the best place on earth to own a home!
I moved here over 30 years ago so I do know a thing or two about living in Incline Village on the Nevada side of Lake Tahoe. I also know the real estate market like the back of my hand. I have been selling real estate here for the past 30+ years. Put my years of market experience to work for you.