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NUMBER1EXPERTS: List of all the NUMBER1EXPERT
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Real Estate Tips: Donna Fahy-Waters's realty
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Real Estate Trivia: Donna Fahy-Waters's collection of real estate trivia questions
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largest swimming pool, and more |
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Real Estate Dictionary: Complete real estate
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Remodeling and Renovations >Remodel Or Move
Your family has outgrown your home but you have roots in the community that make it difficult to leave. Is remodeling the solution?
Get professional advice before you jump into a major renovation project. Decide what changes you want to make, and get bids from several contractors. When you have an estimate on the cost of the project, talk to your real estate agent to determine if these changes will be cost-effective. Over-improving your home may make it difficult to get your money back if you sell it soon.
It is a good idea to talk with friends who have remodeled to get a realistic picture about working with contractors and to determine how disruptive the project will be to your family life. Remodeling a home is a major undertaking, so be sure that it is the best solution for you.
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| Q |
What is a "jumbo mortgage"?
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The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates. |
See More Real Estate Trivia > |
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