St. Mary's Medical Center


Spirit of Women magazine is a national publication presented to women by hospitals and their physicians. The magazine provides up-to-date, evidence-based healthcare information and promotes our hospitals as leaders in women's health excellence.

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Page 9 of 31

Love it or list it? Your home: 3 best reasons to stay and remodel Location, location, location. If you love your neighborhood for any number of reasons—your house is in a preferred school district, it's close to work or your neighbors are like family— consider staying and renovating, says Andrew Smith. Still, don't overspend on improvements when you remodel, thinking you'll cash out later. Kitchen renovations, for example, are typically a good investment. But if you covet the idea of custom flooring and cabinets, those upgrades may end up pricing your home out of the market. A better idea: "Research your market and remodel your house just enough to meet your competition," says Lisa Smith. If you do decide to do something pricey, such as putting in a pool, "do it for your own use," says Andrew Smith. "Chances are, you're not going to get back everything you put into the pool, but at least you'll get to enjoy it." If your house is no longer exactly what you want or need, you're probably wondering: Should I sell the place or just remodel? Texas-based Lisa and Andrew Smith, residential real estate specialists and co-authors of "Swipe Right: Matchmaking 101: Finding the Best Mate for Your Home" (CreateSpace Independent Publishing Platform, 2017), offer some seasoned advice about how to make the big decision. By Sandra Gordon Financial Fitness You relish renovating. Renovating can be dusty and inconvenient. If you're sprucing up your kitchen, for example, you may be forced to cook on a hot plate in the living room for a while and wash your dishes in the bathroom sink. You'll also need to hire and manage a contractor and/or subcontractors, but if you're good with details and have a vision, why not take on a home improvement project? It's a soft market. If you're not willing to take a price hit on your house, stay put. "If you're stuck in your home, renovating is the best thing you can do until the market improves," says Andrew Smith. 3 best reasons to list it Location, location, location. Maybe you've lived in your home for a while, and now you realize life would be better if you lived closer to work or in a different school district, or in the city versus the suburbs, or vice versa. Then it's time to go ahead— sell and start fresh. You want something newer. Older homes can come with lots of issues, such as lead pipes, aging septic systems and layouts that aren't conducive to entertaining. "In the last 20 years, the floor plans in homes have become more open," says Andrew Smith. "Just wanting something newer is a perfectly valid reason to move on." It's time to downsize. If the kids have flown the coop and you've got rooms you don't use, "why pay to heat and cool them?" says Lisa Smith. "Becoming an empty nester is a great reason to put your house on the market." 1 1 2 2 3 3 10 w w w. s p i r i t o f w o m e n . c o m | W I N T E R 2 0 1 8 | S P I R I T O F W O M E N

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