The first part of any successful relationship is to make sure the contractor and the homeowner understand each other. The contractor should: provide the services you need; deliver the quality you expect; offer good value for the services offered; stand behind the homeowner and the contractor’s work when project is complete; and, communicate clearly and professionally.
How to determine what makes sense for your family – Your Home…Your Lifestyle.
Before making the decision to renovate your existing home or move, ask yourself a few questions:
- Do you like the town you live in?
- Do you like your property and your neighbors?
- Is your house sellable as is?
- Does your property allow for expansion or improvements?
If the answer is “no” to any of these questions, then you need not give remodeling another thought!
Did you know? That a typical $250k project… can take 3-5 months to properly plan and design before construction begins; can require thousands of decisions regarding design, planning and production; can require coordinating up to 30 trades, numerous supply vendors and town officials; and, can require over 100 individuals to work on the job site during the project duration?
On the other hand, if you answer “yes” to the questions above then you still must consider the following:
The Selling Cycle: During the selling process your home must always be kept clean and tidy for potential viewings. In today’s economy it is taking an average of four months to sell a home in Fairfield County.
Moving Before You Sell: If you move and sell your home after relocating to your new home, potential buyers will believe that if you hold onto your old home long enough the stress factor will come into play. This increases the chance that you will receive lower offers on your home.
Unexpected Upgrade Costs: When moving to a new location, you must consider the higher costs. A larger home also means bigger utility bills, homeowner’s insurance premiums and so forth. That lawn that used to cost you $100/week to maintain now costs much more. Do your homework and get estimates on these additional costs prior to purchasing your new home. We have heard from many homeowners who were taken by surprise when their overall operating costs increased dramatically.
Related Fees: Real estate commissions, closing and moving costs will typically be 10% or more of your selling price.
Redecorating Expenses: Unless your home is custom built, you will also need to paint and refurbish your new home. Perhaps those drapes and blinds that fit so nicely in your old home no longer suit the new house. Sometimes, although the previous owners thought their taste was exquisite, you don’t share the same aesthetic. A custom built home may be your answer!
Family Issues: If children are involved, they must be uprooted and transferred to a new neighborhood. Most children are quite resilient and able to cope with the transition smoothly, but this is obviously an important factor in a family’s decision to move.
“In remodeling, thoughtful design, budgeting and proper planning are equally important to the actual construction process and ultimately contribute to a positive remodeling experience.” Jeffrey A. Titus, CGR
Still Have Questions?
Join Jeff Titus of Titus Built, LLC and Kevin O’Brien of Wilton Country Homes this Friday, March 2, 2012 from 11:00 a.m. to 1:00 p.m. and “Meet the Builder and Realtor” at 48 Keelers Ridge Road, Wilton, Connecticut.
Looking to purchase land to build your dream home? Ask a contractor for a pre-purchase consultation. This will save you time, less aggravation and money. And, don’t forget to ask questions! What style of home best suites the land? A professional builder will help you realize your dreams so that you can love the home you’re in!
Ask the Questions! How can they help you realize your dreams with a remodel or custom built home? Should you sell, renovate, or custom build? Ever thought about a Pre-purchase Consultation and Renovation Feasibility Analysis to help you visualize the renovation prior to purchase? Jeff and Kevin will be there to help unravel the mysteries of what kind of home to build, whether to buy a custom built home or renovate, as well as current real estate and construction trends. They want you to love the home you’re in!