Re-Locate Or Re-Model? SW Florida Real Estate, Naples, Marco Island, Ft. Myers

Re-Locate Or Re-Model? SW Florida Real Estate, Naples, Marco Island, Ft. Myers. We all realize that it is not the ideal time to try to list your home, but if you are buying in the same area, then your lowered house price will also be reflected when you buy your replacement house. Nothing is lost therefore – or is it?

Sometimes we can become aware of the fact that we really must move. Maybe the children are too big and we really need to move for that extra bedroom; perhaps there is a need for a bigger rec room, or an extra bathroom.

Many circumstances make house-moving come to mind, but have you worked out the cost of re-modeling as opposed to the cost of moving? When we think about moving, we often think of all the irksome things about our home, but we do not remember all the conveniences that might not be available in the next home.

Re-Locate Or Re-Model? SW Florida Real Estate, Naples, Marco Island, Ft. Myers. What about the qualities you really like about this home? Even small things like the sun shining into your kitchen in the morning are priceless to some people.

One of the first things to consider is your ‘gut feeling’. Do you want to move because you want to get away from something that is bugging you in that house? If so, think about including that in a re-modeling project (as long as it is not an irritating neighbor!)

Write down all the things that are missing in the house you are in, that you know you can afford to buy in the next house. For instance, a third bedroom is one reason you must move, and you would like a big yard. But have you checked the prices of three-bed roomed homes with a big yard in your area?

Cost is really the biggest factor that we all have to take into account. Obviously the comparative costs of moving versus re-modeling may play a part.

It is easy enough to calculate the cost of re-modeling, you simply ask a builder for a quote. (Use several builders.) If you are doing it yourself, then it will take longer to calculate everything you need to buy. Some hardware stores offer a quotation service. There are on-line services for instance on the Home and Garden Web site, where you can pick out your kitchen or bathroom type, choose cabinets and colors of your choicer, one click and it all whizzes into place!.

So the cost of re-modeling seems straightforward, but what of the fact that by remodeling, you are also increasing the value of your house. Will you therefore deduct some of the value from your ‘cost’ of re-modeling? Statistics say that 80% of the renovating costs for a new kitchen or bathroom are recouped in the sale price of the house.

Re-Locate Or Re-Model? SW Florida Real Estate, Naples, Marco Island, Ft. Myers. There are also short cuts you can take to get your dream kitchen, like just ordering new cabinet doors and drawers instead of refitting the whole kitchen. These replacement doors come in various price ranges starting from inexpensive white laminate up to classy dark cherry wood.

The cost of moving is harder to calculate, as it contains many hidden costs. For instance all the small costs like a day off work to move, the cost of moving boxes, the paint costs to touch up the outside of the house and those extra shrubs you will buy to make the yard look good.

The larger expenses are easier to spot, for instance: the fee to the realtor, the difference between the cost price of selling your home and buying the new home, the closing fees and legal fees for both houses.

Then there is the actual cost of the physical move, will it be by a removal company or do you plan to do it yourself? Once in the new home, what of drapes and any extras that will be required.

Re-Locate Or Re-Model? SW Florida Real Estate, Naples, Marco Island, Ft. Myers. Once all the figures are in, and you have done the math, you may find it easier to make a logical decision and you also feel better in knowing all the cost factors involved – so there will be no surprises.

Property Short Sale And Benefits For All! SW Florida Real Estate, Naples, Ft. Myers, Bonita Springs

Property Short Sale And Benefits For All! SW Florida Real Estate, Naples, Ft. Myers, Bonita Springs. As dreams are taking newer turns, so are our efforts to realize them. It is only natural for anyone to dream of a home of one’s own, where one can live with one’s loved ones and cherish all the dreams that one had regarding a home, sweet home. And to acquire this, one can actually do anything starting from laboring day in and day out for paying that sky-high mortgage, even compromising on several aspects of daily life. But what happens when you miss to repay one installment? They threaten your property for real estate foreclosure. However, unlike most things, you have this in your own hands and decide the fate of your own home by being able to avoid foreclosure auction, avoid losing home and short selling your property pre foreclosure.

Why would you do that? Property short sale means selling your property at a value less than what you owe your bank or the lender organization for the mortgage under question, that is, less than the loan balance, which is secured against the property. This way you can save a lot of your money, which otherwise you would have needed to pay the lender along with saving yourself and your loved ones from all the humiliation and embarrassment that facing foreclosure auction generally induces. Some times, you may end up selling your home at a rate higher than what you owe the lender entity, thereby saving some cash for yourself for future reference. This would not have been possible if you would have let the lender take complete charge of your property.

Property Short Sale And Benefits For All! SW Florida Real Estate, Naples, Ft. Myers, Bonita Springs. Why would it interest the lender? A very obvious question arises here as to why the lender entity would be interested in such a transaction where it is receiving less than what you owe him. The answer to this is simple, indeed. By compromising on a section of its due balance, the lender entity is basically saving a lot of its expenses that it would have to spend otherwise in conducting a lot of paper works, by carrying out the legal procedures of foreclosure, refurbishing the property, marketing it, finding the suitable investor and so on and so forth. Just the simple organization and execution of the property foreclosure auction could cost the lender as much as $50,000, which is not a sensible investment in the absence of an assured buyer or investor.

Property Short Sale And Benefits For All! SW Florida Real Estate, Naples, Ft. Myers, Bonita Springs. The question that follows is why any investor would like to buy a short sale property. The answer to this too is simple enough – a short sale property usually sells at very down to earth prices, which at times can get as low as 60% of the actual worth of the property. Moreover, with the increasing rate of foreclosure and the subsequent rise of property short sale, the real estate industry is booming all over the United States and is showing much promise to interested US and overseas investors. Investors can earn great profits on these short sale properties by buying them from the homeowners at a very humble rate and reselling them in the open market at standard industry rates.