Published December 14, 2023

Our Love It or List It Program: Your Ultimate Home Decision Guide

Written by Tiffany Fykes

Our Love It or List It Program: Your Ultimate Home Decision Guide header image.

Here are five things to consider when deciding whether to renovate or list.

Are you torn between staying in your current home and loving it or listing it and moving to something new? Making this decision can be a significant challenge, and I’m here to help you navigate it. I'll break down the key factors to consider when deciding whether to renovate your existing home or put it on the market.

1. What do you really want from your home? The first step in making the decision is to ask yourself, "What do I really want from my home?" Can your current home be transformed into your dream space? With favorable interest rates in the current market, staying in your home and making renovations or additions might be a financially sound choice. Consider whether your home can feasibly become what you desire.

2. How will you finance your project? Once you've determined your renovation goals, you need to figure out how you'll finance them. Explore loan programs or tap into the equity in your home to cover construction costs. Consult with an architect and a lender or bank to get a clear picture of the financial aspects of your renovation project.

"Whether you choose to "Love It" or "List It" depends on your specific circumstances."

3. Are you ready to live through the process? Understand that both the "Love It" and "List It" options involve some level of inconvenience, as you may need to move temporarily. Consider whether you're willing to live through the construction and transformation of your home. This is a crucial factor in your decision-making process.

4. Cost comparison: Building vs. buying. Consider the financial aspect of your decision. Is it more economical to find a new home that suits your needs, potentially in a different location? Sometimes, buying an existing property can be more cost-effective than renovating or adding on to your current home. Weigh the pros and cons of each option.

5. Emotional factors matter. Don't forget to account for the emotional aspects of your decision. Homeownership is not just about finances; it's also about creating a space that resonates with you emotionally. It's entirely valid to make decisions based on how you feel about your home. If your heart is set on a new space, that's an essential factor to consider.

I’m here to help you make an informed decision. I have a team of experienced real estate agents who can guide you through the "Love It or List It" process. We love helping our clients find the best solution for their unique situations. If you have any questions, give us a call, and let's work together to find the perfect solution for you and your home.