Saturday, April 29, 2017
 Buying  |  Selling  |  Financing  |  Relocating  |  Homeowning  |  First-Time Buyer 

Refer A Friend


Tom Gilliam
RE/MAX Classic

E-mail Me
Visit My Website



Inside This Edition
FACT vs. FICTION
7 Truths For Successful Home Buying And Selling
Read More >
SMART BUYING
7 Tips To Succeed As A Homebuyer In A Competitive Market
Read More >
KNOW THE DIFFERENCE
Deconstruction Or Demolition?
Read More >
STAY OR GO?
Remodel Or Sell?
Read More >
CHECKING THINGS OUT
Dig A Little Deeper In The Neighborhood
Read More >
TO-DO LIST
Before You List, Fix It Up
Read More >
 
e-Newsletter
Monthly Real Estate Newsletter
Page: Home Prev 1 2 3 4 5 6 Next

 4

STAY OR GO?

Remodel Or Sell?

SHARE:
How do you determine whether a remodeling project - or a move - will be worth the money you're planning to spend? First ask yourself how long you plan to stay in your current home. If you're planning to stay for many years, but feel a major improvement will make it more livable, your comfort is probably at least as valuable as recouping the remodel's cost. After all, the money you're spending is being reinvested in your home and, depending on how you finance your project, the interest may be tax-deductible.

Keep in mind, too, that while major remodeling projects can be expensive, capital improvements (projects that enhance the life expectancy or value of your home as opposed to routine repair and maintenance jobs) raise your home's cost basis and can reduce your capital gains tax when you eventually sell your home.

However, if you expect to move within a few years and are making improvements with resale in mind, be sure to make improvements that will increase your home's value, without making it the most expensive home on the block.

Before you decide whether to remodel, contact us. We can help you understand how much you might be able to sell your home for in today's market. There are buyers eagerly waiting to purchase a home like yours!


Page: Home Prev 1 2 3 4 5 6 Next

More Help For Buying


Homeowners



Tip of Week



Quote of Week



Newsletter

Search all the homes for sale in our area.


Become a VIP buyer or seller. Beat your competition to the best properties in today's market. No cost, no obligation.
FREE Electronic Real Estate Reports:
These reports can help save you thousands, delivered free to your inbox.
SEARCH Quick Checklist For Finding The Perfect Home
MOVE UP 4 Smart Strategies For Purchasing Your Next Home
SETTLEMENT Secrets To An Easy Contract Closing
LOCATION The Most Important Questions Every Buyer Should Ask
FIRST TIME How To Buy The Most Home For Your Money
NEGOTIATE How To Buy The Home You Love At The Price You Want
HEALTHY HOMES The Top 10 House Maladies To Avoid
PLAY SMART Savvy Tips On Buying A Vacation Home
TIRE KICKING Secret Tests To Check A Propertyís Condition
INVEST YOUR RENT Why Pay Your Landlordís Mortgage
 
       
Home  |  Information Center  |  Ask Us
Buying   |  Selling   |  Financing   |  Relocating   |  Homeowning   |  First-Time Buyer
Copyright 2017, Gooder Group.
Absolutely no part of this page may be reproduced or distributed without written permission.
All rights reserved by Gooder Group, Gaithersburg, MD, (703) 698-7750.