You may be thinking of selling your Los Angeles real estate because the floor plan no longer suits you or because the house itself is “tired.” The kitchen and baths are out-dated, you need new paint, and your flooring is screaming “1980!” Suggestion.. sell your home.
Perhaps it needs something major, like new roofing or a new heating or cooling system
Here are some thoughts to ponder before making your decision:
- Do you love your neighborhood and your neighbors?
- Could you find a newer home in that neighborhood?
- Is the location “just right” for you in terms of travel to work, school, recreation, shopping, etc.?
- If lack of space is the problem, do you have room on your lot to build an addition?
- Would it be possible to remove a wall, or open up an attic or basement to provide more space?
- Are you willing to put up with the inconvenience of living in a house that is essentially “under construction?”
If you really like living where you live and there is no Los Angeles real estate available that would suit you better, the next step is to call a contractor and find out what it would really cost to make the improvements you’re dreaming about. Be sure to ask about the time and expense to get permits as well as the cost of the actual work.
You may find that getting a construction loan and then re-financing would be more economical than buying a different home.
I have a list of reliable contractors who would be glad to meet with you and give you estimates so you can make your decision based on facts, not supposition. I can also refer you to lenders who know how to put this kind of transaction together.
On the other hand, you may find that a total renovation would not be cost effective.
In that case, the best choice is to sell and purchase a new home. I’ll be glad to meet with you and prepare a market analysis to show you the price your house would bring in today’s market.
Home prices have been rising here in the Los Angeles Area, so even though the house may need work, you might be pleasantly surprised. Click here and instantly get a home value report
And, after meeting with you and learning what you really want and need in Los Angeles real estate, I’ll be glad to begin the search for your perfect home.
Are you considering a move in the near future? Powerhouse Real Estate is here to help you before, during, and after the process. Darryl has prepared an e-book “Home Seller’s Guide to Money Making Fix-Ups” that we would like to offer you or anyone you know.
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