If you are thinking of selling your home in a few years and want to add value now or want to stay in your home and remodel it, the market is showing improvement. The latest numbers, from November, show existing home sales rose nearly 6%. This is 14% higher than November 2011 and the highest level since 2009.
What does this mean for you? Well, it means the home market it coming back, albeit slowly, and your home value should start to go up a bit. For us, it means helping you figure out the next steps for your biggest investment. Interest rates are not jumping up…at least not yet. This could be the best time to consider a move, but first, a remodel.
We spent the last weekend at the Madison Home Expo and talked with a lot of people about the state of their existing home-many talked about additions or new kitchens and baths. Some wanted a “new look” to the exterior. Many of those were looking to the future, when they felt they might outgrow the home and needed to sell. They realized spending some money now to “refresh” and remodel would pay off down the road in a sale.