There’s a popular show on HGTV titled “Love It or List It?” that pits a designer/decorator against a realtor to see whether a homeowner likes the reno job enough to stay put after being shown several move-in ready homes in the same price range. The outcome seems to be about 60-40 with the majority in the “Love It” camp.
After months of restrictions that keep you cooped up at home, you may be wondering the same thing—should I move to a place that suits my new lifestyle better or stay put and upgrade my existing home? Answering that question takes a fair amount of thinking, especially in markets like Denver, where property values are soaring.
Take the Money and Run?
We understand the temptation. With 100k left on your $350,000 mortgage and comps over $700,000, you can walk away with $600,000 to put into a newer, larger home. But if you stay in Denver, those new upscale digs could run you a million dollars or more. And put you four times further in debt than if you’d stayed put. Sure, the interest is only 3%, but you’re still on the hook for nearly half a mil.
Besides, do you really want to leave your convenient location with mature landscaping, good neighbors, and (relatively) low taxes? New developments can have high improvement district taxes plus HOA fees and restrictions, not to mention minimal landscaping, distant shopping, and long commutes.
Or Love it For Less?
Remodels and upgrades can be done for anywhere from a few hundred to a few thousand dollars as long as you stay with the same footprint. If you add on, it might run $50-100,000, but that’s way less than half a million and a lower payment if you finance it.
Building for You
The benefit of remodeling is that you can tailor it to your needs instead of compromising on a new place that’s “good enough.” Whether it’s converting space for a home office or a dream kitchen, bumping up, or building out, you’re the one calling the shots instead of a builder aiming for a safe middle ground in design.
Powering Your Future
Whether you’re working from home, schooling your kids online, or simply taking care of the demands of our new, connected world, you’ll likely find greater demands placed on your home’s electrical system.
You may find your power supply is strained with added load. Older homes were built with 100-150-amp service that may not be enough for today’s high-powered world.
The outlets in a bedroom or basement may not be adequate for the demands of an office or classroom. Will the power in your kitchen support the extra load of new appliances and fixtures?
Is your room lighting right for its new size or uses?
Should you add backup power in case you’re stuck at home during a prolonged outage?
A Licensed Electrical Contractor Has the Answers
Poorly designed or improperly installed wiring is not only inconvenient, it’s also dangerous. A licensed electrical contractor works with you and your builder to ensure that your needs are met in the most efficient and safest way possible.
Remodeling, renovations, and additions need top-notch electrical work, and Allstar Electrical Services delivers the quality results you expect and deserve. We work hand-in-hand with you and your contractors to ensure your project is done right, on budget and on schedule.
Whatever your electrical needs, call Allstar Electrical at 303.399.7420 or visit our website.
Then use our handy on-line forms to request an estimate or set up an appointment. We’ve served the Front Range for 20 years, are top-rated by the Better Business Bureau and Angie’s List and proud to be certified as an approved contractor by HomeAdvisor, the nation’s premier service for matching homeowners with pre-screened contractors.