After living in a home for several years, it can be easy to discover things you may not be crazy about. While some things can be a quick fix, there may be major changes that make you wonder if it is worth the investment. At this point, you're probably asking yourself if you should remodel or just find a new home. As you have probably realized, this isn't always an easy choice. There are many factors that go into this decision. Here are some things to consider when deciding what will work best for you.

1. Determine which is more cost-friendly

While both options will have costs, one will have more than the other depending on your situation. Some of the costs of selling include agent commissions, moving costs, minor repairs, the costs of a new home, and potential upsizing costs. The costs of remodeling can include permits, architectural plans, materials and labor, and any other additional costs incurred in the process. 

2. Look into the current housing market

Depending on whether your local real estate market is hot, it might make more sense to just sell if houses are selling quickly around you. By talking to a real estate agent, you can find out what to expect in terms of days on market, average sales price, and other important factors when it comes to selling a home.

3. Decide if your roots are deep 

Is your home more than just a home to you? If you and your family are actively involved in the community, remodeling may work best for you. On the flip side, if there are better schooling or job opportunities in a different neighborhood, or you already spend hours a day traveling to those locations, selling may be a better option.

4. Decide if a renovation can solve your problems

Take the time to decide if the problems with your home are fixable. Is it really the house, or do you dislike your neighborhood? Do you have to spend an hour driving one way to work? Do you need a lot more space? If your answer to questions like this make you realize renovations won't solve your problems, consider that it may just be time to put your home on the market. 

5. Consider the ROI on your remodel

Calculating your return on investment will help you determine two things - first, if a remodel will cost you less than selling your home. It will also help you determine if you will be able to make your money back on a remodel if you choose to sell in the future. Look into the Cost v. Value Report for the last year, which can guide you on the most and least cost-effective improvements.

If these considerations make you realize it is time to sell your home, give us a call today!

Temperatures are rising which means that your utility bills are likely on the rise too. With the average American spending around $200 a month on energy, most are looking for a way to decrease those prices in any way they can. Just not using air conditioning is an unrealistic option, so there are other updates and changes you can make to save money and still stay cool this summer.

FIND AN ENERGY-EFFICIENT HOME

If you are on the hunt for a new home this summer, think ahead and make energy efficiency a priority in your home search. Keep square footage to the minimum you think you will need - the more unnecessary space, the more space you'll be cooling (or heating this winter). Certain home features, like sun rooms and high ceilings, also contribute to unnecessary space or space that heats quicker than normal. 

CHECK YOUR APPLIANCES

While newer appliances are easily labeled with their estimated yearly cost by Energy Guide, older appliances aren't as easy to determine. Using the Department of Energy's online appliance energy calculator, you can decide if investing in newer appliances with a lower operating cost could save you money in the long run. You can also have an HVAC professional check your equipment to ensure it is the appropriate size for your home. Having a system that is too large or too small can create unnecessary costs.

QUICK FIXES

Replacing appliances and equipment can be a large up-front cost, so if you're looking to start saving now, even small amounts, quick fixes are your best choice. Some options include using cold water for laundry, changing the direction of your ceiling fan, and using energy-efficient light bulbs. Check your doors for sealing issues and replace weather stripping if necessary to prevent drafts.

FIND AN EXPERT

If you want more guidance on how to save energy, you can contact your local utility company. Many provide free energy audits and can offer professional advice on ways to lower your energy use and save you money.