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Real Estate Tips
Time to Move >Remodel Or Move

At some point your present home may begin to feel cramped. You would like enough room to have an "adult haven", but you must weigh the price of a larger home over against the prospect of living with contractors and plaster dust for a long time. Is it better to remodel or to look for a new home?

Before you decide on a major home improvement project, talk with a real estate agent who knows your neighborhood. Will the changes you have in mind over-improve your home, making it difficult to re-sell? Will you be able to recover the cost of your investment? Find out how much your present home is currently worth, and how much home equity you have. You may be able to make a substantial down payment that lowers your mortgage payments on a larger home. It may be worth making a move to avoid the stress and inconvenience of remodeling, if you can find a new home with all the features you would like to add to your present home.

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Real Estate Trivia
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What are three of the best indicators of real estate market trends?

A 
Existing home sales, new home building and mortgage interest rates.
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Peg's Team, REALTOR®, real estate agent and broker for Lakeway, Austin and Westlake, Texas home listings, property and land for sale - NUMBER1EXPERT

Peg's Team
Keller Williams
1921 Lohmans Crossing, Suite 100
Austin, TX 78734
Office Phone: 512-263-6700
Fax: 512-261-1496
Cell Phone: 512-656-5414
PegBrax@aol.com

Call us anytime for further information on Austin real estate.


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