For homeowners who are looking to upgrade their home, it often makes sense to evaluate the cost/benefit of remodeling your current home vs. purchasing a new home. In some markets remodeling makes more financial sense than selling and buying and in others, the opposite is true.

Some key factors to consider when comparing the remodel option to the sell and upgrade option are:

1. The cost of remodeling relative to the cost of the upgrade
2. The time, work and hassle involved with a remodel such as the need to move out temporarily and/or the need to dedicate a significant amount of time to executing on a remodel plan
3. The match between available upgraded homes and your style/needs
4. Financing costs and loan availability

If you are trying to make a remodel vs. sale decision and would like some free advice or support from HausAngeles (e.g., potential contractors who can provide you with remodel price/cost bids), please give us a call and we’ll do our best to help you make the right decision for your situation.