Before you take the plunge & invest your time and money in a home renovation, tackle this checklist to make sure your plan makes sense.
It's in a great neighborhood.
Location is everything. Where is your home situated? Will you be able to realize the value of your improvements? Is it on a busy street or a quiet cup de sac?
Homes around you are worth more than your fixer upper.
You've prioritized you wish list and really know what you want.
You've looked at what it would take to buy a move-in ready home in your desired location.
You've consulted a realtor for a current market assessment (CMA) or had a recent formal appraisal. Ask for homes that will be comparable to your improved property.
Remember that when you renovate your home, don't expect an immediate jump in value that exceeds what you put into it. Appreciation takes time.
This checklist will help you answer the question, "should I renovate or just move?"
About the author
Hey there neighbor, I'm Julie Bennett.
I'm a homeowner turned renovator and a Seattle real estate agent. I'm a woman on a mission to make renovation easier. I had some "if I had only known" moments when renovating my homes. I started Renovator's Toolkit to help homeowners like you "know what you don't know."