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General Analysis
After careful review of your New kitchen and bathroom options #1 project, where you will hire a contractor, do a little of the work yourself and use average cost materials, the calculator recommends that:
Your "gut feeling" shows a slight preference for moving but it costs more to move than to remodel. It is best if you can have your "gut feeling" agree with the lower cost option. To receive a clear remodel or move recommendation, consider if you could sell your current home for more or if you could buy your new home for less. Also check your answers in the "gut feeling" section and make sure you still agree with them.
Be sure to review your options with local real estate and remodeling experts before making your final decision..
Cost Analysis
The calculator estimates the remodeling cost is between $23,185 and $36,608 with a payback of $24,200. Payback is the estimated amount your home will appreciate due to the improvements you are planning. You can get this remodeling estimate confirmed by a contractor that works in your neighborhood. Just click here and we will match you to a prescreened local contractor.
To compare the cost of remodeling and moving it is important to compare the costs of financing for both remodeling and moving. Even if you are planning to pay cash for your remodel it is important to make this financial comparison. The total net remodeling cost including financing is $18,679. You can save big on your remodeling by paying the smart way. Learn all about the best way to pay for your remodeling, just click here. Its free!
The calculator estimates the cost to sell your house and move is $7,026. The estimated cost to finance the difference between your old and new house is $81,600 so the total net moving cost including financing is $88,626.
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Remodeling Calculator |
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"Gut feeling" Analysis |
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