Graphic by Charity Treat
If you’re considering whether to renovate your home or move, there’s no better time than now to decide if you’re ready to make a change. According to Zillow, a popular real estate website, most houses hit the market in the late spring, giving potential home buyers more options to choose from during the summer months. Also, current homeowners can see what renovations are attractive to buyers.
Here are a few tips to help with your decision:
There’s No Place Like Home
Finding a new house or renovating your current home is no small task. First, consider the
reasons you have for wanting to make a change. Maybe you need a larger home office space or wish to live in a more convenient location. Perhaps you want a more contemporary design or you have your eye set on a different neighborhood. Ask yourself which option will best address your situation and needs.
Should You Stay or Should You Go
Next, you should look at the costs to renovate or move. Decide which home improvements will make it most comfortable for you to stay in your current house. Add up the projected costs and compare them with the price of a different home and the associated moving expenses.
Also, consider how much value renovations could add to your current home. Your home improvements could lead to a higher selling price and attract more potential buyers.
I Found My Dream Home. Now What?
With a variety of home related products and services, MSUFCU is here to help. The Credit
Union offers home improvement loans, a SmartLine Home Equity Loan that lets you lock segments at fixed rates, and more. We also have several types of mortgages with flexible terms, down payments of as little as 3%, and 60-day pre-approval rate locks.
Visit msufcu.org/homeloans for more information.
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