To Renovate or Buy New?

Are you looking to renovate just a few items to create a new look? Or do you need to finally tackle those maintenance projects like the roof or the siding? Or both...

Either way, your updates have to make sense financially and you want them done in a timely manner free of frustration. This could prove to be a stressful process with numerous contractors and choices - depending on what you wish to renovate.

Be aware that renovations in real life are not as glamorous as they appear on DIY TV shows. You may not find that that ripping up old carpet will reveal pristine hardwood floors that need just a touch of sanding and stain, or that tearing down a wall will flow seamlessly into the next room without ventilation or electrical work.

Replacing single items like the kitchen floor, or a bathroom counter may be enough of an update to your home. But if you're thinking bigger picture and bigger ticket like roofing, siding or full bathroom remodel with plumbing costs, know that this can require more cash, a renovation loan, and managing multiple contractors - all while living amidst the mess and dust. So, it's important to do your research and compare costs.

In addition to weighing the costs, pros and cons of the updates themselves, you also have to think about the aspects of your home life that can't be renovated. Such as location - is it ideal for work and school? Or your neighborhood - does it still provide the security you desire, and are your neighbors still, well, neighborly? Those are just examples why it might make sense to make the leap to buy a new home. Everyone has their own unique list to weigh - think about what's important to you and your family. If you decide a new home is the answer, call us we are here to help.

Written by Stanley Martin Homes
Submitted on 3/13/2018 Posted in New Homes for Sale in Richmond
Category: Morning Room