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Find a Pre-screened Contractor
Before you embark on an extensive remodeling or expansion project, it
is a good idea to determine whether remodeling is the best option for you, or whether it would make more sense
to buy another house that would better fit your needs and wants. The following brief questionnaire will help to
steer you in the right direction. Answer each question and record the number of points associated with that answer.
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How far "off" is your present house from
the one you would like to live in?
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A little -
5
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Somewhat - 3
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A lot - 1 |
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What are the property values doing in your neighborhood?
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Increasing - 5
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Staying the same - 3
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Decreasing - 1 |
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What are property conditions doing in your neighborhood?
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Getting better -
5
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Staying the same - 3
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Declining - 1 |
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How long will you get useful life out of any potential
remodeling or expansion?
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10+ Years -
5
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3-10 Years - 3
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Less than 3 Years - 1 |
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In relation to your house, the other homes in the neighborhood
are:
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Larger - 5
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Similar - 3
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Smaller - 1 |
Analyzing your scores
18-25 points:
Remodeling may be a good consideration. Continue down this page.
10-17 points::
Either option may work for you. Take other factors (your budget, your job stability, etc.) into consideration.
Under 10 points: Moving
may be your best option.
The most common remodeling
projects--and their rate of return
The mistake of "overbuilding"--and how to avoid it
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