Renovate or Sell Your Atlanta Home? 4 Ways to Tell

Whether you’re a homeowner or first-time homebuyer in Metro Atlanta, you are likely aware that the real estate market is hot! Home values are rising, along with interest rates, and demand continues to skyrocket. Buyers are out in droves, looking to find their dream properties in the ATL, and home sellers are taking advantage of this opportune time to close the deal.

But—and I can’t believe I’m saying this—just because the market is booming, it doesn’t mean you should sell. In some cases, it may be best to simply renovate and stay put. So how can you tell what your move should be? Below are four ways to make the decision:

Renovate: If your home has what you need
Selling your home means you’ll need to go through the house-hunting process. If your current property has what you need, or features you love already—the charm of an older home, updated kitchens or baths, a great outdoor space—consider improving the home to suit you and staying put. It may actually be easier than finding a new home that has these must-have features.

Sell: If you’re in a Seller’s Market
Atlanta is still low on inventory in most areas, so that would mean we are indeed in a seller’s market. However, not EVERY pocket in Atlanta is, so be sure to ask a market expert what kind of market you are in. Buyer demand is still high and listing your property could mean you hook a buyer in a matter of days. If you’ve been thinking about moving to a new home, now may be the best time to make it happen. Email Jill!

Renovate: If you’re in a great location
There is a reason “location, location, location” is a popular real estate phrase. If you love your location in Alpharetta, Brookhaven, Buckhead, Dunwoody, Roswell, or Sandy Springs, add Milton, East Cobb, Smyrna, or Vinings, you may want to stay and make the improvements necessary for your home to be what you need. You can often compromise on features like newly-removed bathrooms, but location is a different story.

Sell: If you can’t renovate to suit
If your home currently has three bedrooms, but you really need five and an additional office space, it may be better to move than take on all of that work, and possibly price yourself out of the immediate market. You should consider the costs, scope of work and impact on resale before making the decision to stay and renovate your current home.

If you’re curious about your home value in today’s market or are ready to sell, email Jill today to get your complimentary Market Analysis!

Jill Heineck
Associate Broker
Heineck & Company at Keller Williams Realty
Phone: (404) 418-9157
Email: jill@heineckandcompany.com

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