Questions about adding on or buying up in the Orlando Real Estate Market
Considering the current market conditions in the Orlando Florida Real Estate Market this question is getting asked more and more.
Sellers that are considering this need to answer some of the following questions questions.
How much money do you want to spend and have saved to pay for the improvements?
Will I need a loan home improvement loan and if so what will the long term costs be?
How much equity do we have in the property right now?
Do I have the additional space required for the addition?
If we have to build up and add a second story will the foundation support it?
Be sure to ask what are the local zoning and building codes and what permits will I need?
Now comes the alternative question are there any properties for sale that would cost as much or less than that would satisfy my housing needs?
When you get the answers to these questions you will be better prepared to decide if selling your home or remodelling is the best approach.
So what adds the most value, meets your personal needs and how much work is involved in each choice? If you want to move up in the Orlando Real Estate market give us a call or check out the listings online to see what works for you.