Is A Major Home Renovation Worth It?

Is a Major Home Renovation Worth It in the Long Run? | Keeping Current Matters

Considering a major home renovation is the near future. For some homeowners, there are certain factors that should be taken into account with a home renovation, but is it worth it to remodel or change floor plans?  Apart from affordability, there is also your equity in the home to consider and whether you will ever really achieve the flow and floor plan you desire.  And then there’s the inconvenience of either moving out of the home and renting something to see you over construction, or, maybe even worse, trying to live among the dust and noise, not to mention the danger.

Let’s look at this example.

Let’s say you have a 4-bedroom colonial style home in a great school district. The neighborhood is amazing, and you are very comfortable there, but your kids are all grown up and the original benefits of the home no longer apply.

You’ve always wanted a huge master suite and are considering merging 3 of the smaller bedrooms on the second floor to achieve this dream.

In the short term, you are over the moon excited about your newly renovated oasis.

In the long term, when you go to sell your home down the road, you’ve now taken a 4-bedroom home in a great school district and turned it into a 2-bedroom home. Your pool of potential buyers has shrunk significantly and so has the value of your home (unless you are able to find someone who has the exact needs you have today!).

Why not consider listing your 4-bedroom home now and moving into a gorgeous 2-bedroom with a master suite? Your house can become a home for the next family looking for that perfect neighborhood with a great school district to raise their kids in!

You should be able to achieve your dream in the same area you love, without having to give up your favorite restaurants and grocery stores.

Bottom Line

If you are debating a major renovation that would change the layout of your home, before you pick up that sledgehammer, meet with a local real estate professional who can show you the available listings in your area that might meet your needs today!  If you’d like to take a look before you allow the sledge hammers to fall, give me a call and I’d be happy to show what else is available to you.

If you’d just like to browse the MLS and see what homes in Union County NJ, might be of interest to you, click this link and you can search the entire area and neighboring towns.  I’d be happy to show you any home that might interest you and help you to explore the neighborhood.

If you would like more information about buying or selling a home, please contact me on my direct line at (732) 261-6151.  I’d be glad to help you.

This information courtesy of Jackie Safran who is an award winning Real Estate Agent at Coldwell Banker West in Westfield, NJ (732) 261-6151.  I help nice people sell and buy beautiful homes in Union County and beyond.

Leave a Reply

Your email address will not be published. Required fields are marked *