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The Big Question: Should You Renovate or Move?

If you’re a homeowner who wants more from their current house, you have two options: renovate your current house or buy a home that already has the spaces you desire. The decision you make could be determined by factors like:

>>A possible desire to relocate >>The difference in the cost of a renovation versus a purchase >>Finding an existing home or designing a new home that has exactly what you want (versus trying to restructure the layout of your current house) In either case, you’ll need access to capital: the funds for the renovation or the down payment your next home would require. The great news is that the money you need probably already exists in your current home in the form of equity. The record-setting increases in home prices over the last two years dramatically improved homeowners’ equity. As a homeowner, the money you... #expertanswers #stayinformed #staycurrent Welcome HŌM

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