Pros and cons of each should be weighed. Whatever your plans may be – long-term or short-term – consider your resources and analyze what is cost-effective. Do your homework.
How long do you plan to live in your existing home? If for a short time, focus on what changes or upgrades can benefit you and improve value plus buyers’ appeal. If you’re undecided or thinking it may be a few years, plan your changes yearly based on a 2, 4 or 6-year schedule. Be flexible and ask experts for advice.
Sell now considerations may also allow opportunities. Everyone’s scenario is different, so really seek knowledgeable assistance and advice from professionals in your area. Perhaps it is better to rent the current home and go to another rental or buy at today’s low prices. Obviously, financing and equity positions need to be carefully analyzed.
So, plan your work and work your plan!