You have received some extra
money! You want to remodel! If you are planning a major renovation, take a few
sensible precautions before having plans drawn up and signing on the
contractor's dotted line.
Any time you do any significant remodeling, you
run the risk of over-improving your home. I will be glad to provide you with a
market analysis of what your home is worth. I can tell you about neighborhood
trends and discuss the recent sales of homes in your area. If your neighborhood
is experiencing healthy appreciation, making major changes to your home might
make sense. However, if there is not much difference between the prices of
remodeled homes and those which have not been renovated, expensive changes may
be hard to recover if you sell your home soon.