Deciding What’s Right For You

The time comes in every homeowner's life when they must ask the question: "Is my home still meeting my needs?” Life events can bring us to make big changes. The options that lay before you may surprise you.

My relocation program “Stay or Go” will assist the homeowner in the process of determining exactly what it takes to sell your home and relocate to a new home. Whether it be smaller and more manageable or larger for a growing family, I can assist you in getting exactly what you’re looking for.

The answer ultimately depends on what's driving the change, and both choices have upsides and downsides that you should think through before deciding. Let’s break it down.

GO

When it's time to move on

What makes moving the best choice? Here are some common reasons for wanting to relocate:

  • Shorter commute
  • Need more square footage
  • Unpleasant neighbors
  • Your financial situation has changed
  • Better schools or neighborhoods
  • Need less square footage
  • Prefer a more manageable yard

Things to Consider

  • Can you reconfigure or add on to your space?
    If more room is what you need, consider whether you can get it by reconfiguring the layout. Sometimes it's not more square footage that people need, but rather a more efficient setup. If you do need more square footage, is there room on your property to build an addition?

  • What's your home worth?
    As a real estate professional that is familiar with home pricing all along the Foothills, I can meet with you to discuss the value of your home and know exactly what your net proceeds will be for your next home.

  • Costs associated with moving
    In addition to the costs of physically packing up your house and moving, you'll also have to budget for repairs, staging your home, capital gains tax* (if applicable), and other unforeseen costs. Conversely, if you'll be buying a home at the same time, be prepared to pay the down payment, closing costs, survey and inspection fees, and recording fees, to name a few.

Places you can go

If you’re considering where is the best place for you, see below for some of our top recommendations:

STAY

When it's better to stay put

What makes renovating a smart option? Here are some situations where renovating makes sense:

  • Emotional attachment: you’re not ready to start over
  • A reconfigured layout could solve your space issues
  • Outdated features but no structural issues
  • Don’t want to change schools
  • Could build An addition
  • Want to customize space for your needs

Things to Consider

  • What will it cost?
    Before you can answer this question, you need to have a detailed plan outlined for the type of updates you want to make. Get bids from several reputable contractors to see what it will cost you, and keep in mind that renovations often involve surprise costs once the work begins, so be sure to build a cushion into your budget.

  • Are the upgrades reasonable for your home and neighborhood?
    Be careful that the cost to make changes won't price your home much higher than the surrounding neighborhood. Also, be sure the changes you're making are in keeping with the character of the home and surrounding neighborhood. An ultra-contemporary kitchen could be a big mistake in a classic Victorian home. And don't forget to consider how much you'll recoup financially. While it's not all about ROI (the point is to have a space you enjoy living in, after all), try to make smart use of your investment. Here's a list of projects that provide the biggest cost recovery at resale.

  • Can you handle the change?
    A major remodel could take months, and depending on the scope, could require you and your family to relocate temporarily. Even without such a big change, you'll have to deal with people coming in and out, dust, dirt, noise, and possibly loss of access to parts of your home until work is done. Can you manage that on a temporary basis? Think of the impact it will have on your daily routine and whether your family is ready to take on that extra stress.

What's your home worth?

As a real estate professional that is familiar with home pricing all along the Foothills, I can meet with you to discuss the value of your home and know exactly what your net proceeds will be for your next home. I can market your home in the best way possible reaching out to as many homebuyers as possible via the internet and print publications.

Contact Us

Where to go from here?

Choosing to STAY or GO isn't always a straightforward decision. There's a lot to consider, but as long as you weigh out the options and understand your needs, you can confidently make the best choice for yourself and your household. And if you've assessed both options and still aren't sure? Just wait. You don't want to make a premature decision you'll regret, and when the time is right to make your move, you'll know.

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Roxanne Lopez-Gray

Roxanne Lopez-Gray

BENNION DEVILLE HOMES

Our office is located at 118 North Glendora Avenue.
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