Your children have finally moved out and you and your spouse now live alone in a house that goes beyond your needs. Do you:

1. Remodel your house to fit your current needs
2. Sell your house and purchase the perfect home

Based on the record of dollars spent on remodeling, it appears that many homeowners are deciding on number one. But, is that the best long-term solution?
It May Pay To Downsize
According to a recent study, you will recoup only 64.4% of a remodeling project’s investment dollars if you sell in the future. Your home is probably at its highest value today. Instead of remodeling, it may make better financial sense to sell your current home and purchase a home that meets your current lifestyle and desires.
For help creating a real estate plan, contact a Reinhart Realtor today.
Source: Keeping Current Matters