The Challenge Of Suggesting You Stay In Your Home And Improve It Instead Of Selling It And Buying A New One


The Challenge Of Suggesting You Stay In Your Home And Improve It Instead Of Selling It And Buying A New One
By Scott Rogers • November 11, 2021
Plenty of homeowners are *delighted* to see the price for which they could likely sell their home in this fast moving local housing market. :-) Most of those homeowners are then at least slightly *dismayed* when they see what they'd have to pay to buy their next home. :-/ As such, I have suggested to plenty of homeowners lately that they consider staying in their home - and improving it - rather than selling their home and buying a new one. But... that advice is easier to give and receive than it is to implement. Contractors and any such professionals that would make such improvements to your home are in short supply and high demand! Over the past three to six months in conversations with homeowners contemplating staying in their homes -- and making improvements to them -- I have heard over and over again that they are having an extremely difficult time lining up contractors (or other professionals) to do the work they'd like to have done on their house. What then is a homeowner to do? 1. Get in line and patiently wait for the contractors (and the applicable materials) to be available to accomplish your home renovations. 2. Just go ahead and sell your home and buy a new one. There is no easy answer to this conundrum, but I have realized more and more in recent months that suggesting that a homeowner "just stay in their home and renovate it instead of selling it and buying again" might not be the right solution for all homeowners. If you are weighing your options of renovating or selling and buying, let me know if you'd like to think it through and talk it through together. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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