Is a Major Home Renovation Worth It in the Long Run?

 What do you think?  Home renovation or new home?  It is always an interesting dilemma for sellers as they age and their needs change.  When you have lived in your home for decades it is hard to think of selling and getting settled into something different but this article makes sense.  If your life has changed and you no longer need the large house and the great school district why not sell and find a home that meets your needs today not 20 years ago?  Food for thought and I am here to help if you have questions about what is available in the Naples area that has everything your heart desires.

Courtesy of Keeping Current Matters 2018

Is a Major Home Renovation Worth It in the Long Run? | MyKCM

Last week, we shared 7 Factors To Consider When Choosing A Home To Retire In.” For some homeowners, these seven factors can be taken into account with a home renovation, but is it worth it to remodel or change floor plans?

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 may even 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, let’s get together and discuss the available listings in our area that might meet your needs today!

Remember it is always toasty in Naples and you deserve to live in a home you can settle into and enjoy for years!

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