home owners | remodel or move up

Personal circumstances generally will lead you to the decision between remodeling the home you're in or buying a different, more suitable home. Perhaps a career or familial change is creating the need for more space. You may be in a larger home already, and you don't need the space, or taking care of it has become a burden. You may be on the track of accumulating properties as part of a retirement portfolio.

To help you move you forward with the decision between staying or selling, you should first obtain an understanding of the cost, time, and discomfort involved in the remodel; the second is learning how much you can afford in a new home, taking into consideration your current equity, and how your financial picture may have changed since you last purchased a property.

To get you started, I have two articles I've written that may be useful to you; clicking on the hyperlink will get you started.

The first is called "Why Remodel?" It discusses the benefits of remodeling and outlines important considerations involved in the process. It is by no means complete. Everyone has different criteria and goals. You should talk to architects or designers, and contractors to get a clearer picture of what your thinking and what is involved. I am happy to provide San Francisco referrals.

The second is called "Getting Started with Financing/Refinancing"-a review of the types of financing available in the marketplace. I am happy to refer you to wonderful mortgage brokers to get a clear picture of how your financing picture looks.

If after you have done your homework , or it feels too intimidating, don't hesitate to contact me; I would be happy to help you sort through your options.