There’s a big decision on the mind of many these days—is it a better time to remodel or move? With all the talk of a seller’s market, there are a lot of things to consider, whether homeowners are thinking of listing properties in Palm Springs or are looking to sell Rancho Mirage real estate.
If you’ve got a full house, the signs may already be clear. Many of us have been there—clutter everywhere, your home office has merged with the playroom, your garage serves as a storage facility. You can have all that going on and already be looking at properties in Palm Springs, and still not be certain that it’s time to move.
The recent surge in the housing market is indicative of a seller’s market, which is motivating many to consider listing their homes. Prices are rising and it appears that banks are loosening requirements up a little. That being said, there are still a few questions to ask yourself:
Do you need more space immediately? If you’re planning on expanding your family or just took a job that allows telecommunicating, you may be poised to significantly benefit from added space. If you think you may need even more space in a year or so, then remodeling may not be the most reasonable option.
Are you attached to your neighborhood? Are good school districts a priority for your family? Is your current home a short commute for all members of the family? Or are you ready for a change? These are all important elements to consider.
How drastic would a remodel be? Assess what it would take for you to be happy in your home. Do you need more space or do you just dislike the current use of space? If you need to add on, this may be a substantial expense that deems it more worth it to buy a new home.
Looking at potential new homes may help you make this critical, life-changing decision. Click here to check out some listings of Rancho Mirage real estate and beautiful homes for sale in other areas of Palm Springs Valley.
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