To Remodel or Not to Remodel: Seven Questions Homeowners Need to Ask Before Commencing Construction
SUNNYVALE, Calif., Aug. 22, 2012 /PRNewswire/ -- "Remodeling isn't for everyone, and many times it could be a downright bad decision," says Fritschen, founder of www.remodelormove.com. "It's well worth your time to pause and consider what your project entails, and whether it's worth the time, energy, and money you'll invest."
The new "Should I Remodel?" Online Calculator can help you make that determination. It asks 15 questions and provides a recommendation based on the homeowner's goals.
The calculator can be found at http://www.remodelormove.com/should-you-remodel, takes only a minute to complete, and is free to use.
Seven questions that can help decide if you remodeling is the right choice.
Which are we more excited about: Hawaii or hardwood floors? It may sound elementary, but leaning toward 'vacation' over 'remodel' is a good barometer for determining how important an updated home actually is to you.
Are we the Joneses? If you are the Joneses with whom everyone wants to keep up, it's likely that the addition or remodel you're planning will end up being a lot of work that won't increase the value of your home.
Can we really afford this? There are smart, financially savvy ways to remodel, including using money from savings, using a 203k mortgage, or refinancing and getting cash back on your home. However, if the only ways you can pay for your remodel are to tap into retirement accounts or use your credit cards, then the cost of remodeling increases significantly and is then much harder to justify.
How long will we be in this house? If there's a chance you may be moving soon, Fritschen says there is a very good reason not to remodel. Remodeling is a lot of work and if you move soon after finishing you won't have an opportunity to enjoy the results.
Is this a good investment? Do your research before making any commitments so that you'll have a fairly accurate idea of what to expect in terms of the cost to remodel and your home's updated value.
To get help deciding if you should remodel – try the new Should I Remodel decision making calculator at http://www.remodelormove.com/should-you-remodel .
This release was issued on behalf of the above organization by Send2Press(R), a unit of Neotrope(R). http://www.Send2Press.com