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Now that interest rates are historically low, and its not a sellers market, some people are thinking about staying put longer and sprucing up their homes instead of moving. Real estate agent Nick Crowder with Keller Williams says there are many factors that should go into your decision whether or not to remodel: “If it’s location based, my advice is always a move because you can't remodel a neighborhood.  You can only remodel your house. If its something else like you're thinking this is great as 3 bed one bath but now we've got a kid or family staying with us, we need 2 bathrooms, then a remodel probably makes more sense as long as you have the space for it. So those are the easy ones."   And many people do have the ability to remodel. While we always hear about the many people who are upside down right now; Crowder says 30% of the homes in America don't have loans on them so there is a huge chunk of the population that has 100% equity.

 

 

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