Do you thinkit’s time to IMPROVE your home?People and families change over time. Certain needs and wants evolve. Aschildren grow, often both they and the parents feel a need for separate spacesto watch TV, game or just hang out. That might mean a need for a great roomaddition or a finished basement. Families also enjoy entertaining friends whichoften creates a desire for a bigger, nicer kitchen and possibly an invitingoutdoor living space. Families expand with additional children or other familymembers joining them. This might require bedroom additions, a master suiteaddition or an in-law suite. Projectslike these are tens of thousands of dollars. Larger projects or multipleprojects often well exceed one hundred thousand dollars. Now you must enter thefollowing considerations: Do we have the cash? Should we liquidate some ofour assets? Should we seek a renovation loan? Will we be over improving our home and pricingourselves out of the neighborhood? How long do we plan on staying here? Faced withthese questions, one should also consider whether to MOVE instead. That would mean doing all the minor repairs that thehouse needs and many cosmetic updates so that it will show well when listed forsale. De-cluttering and staging are almost always a suggestion of professional realtors. Whilereadying to sell your home, you will be seeking for possible homes to purchasethat have the size and features that your family needs and desires. The fiscal mathis not as simple as sell for “x” and then buy for “y.” Here are other expensesthat may need to be factored into your financial equation: Real estate fees Lawyer fees Closing costs Professional services such as a home inspectorand title insurance Moving expenses Possible need for new/more furniture anddecorating After that, thereare some other unknown variables: What are theneighbors like? Friends for the kids? Traffic? Parking? When you’renot sure which to do, you should consult with professionals. MOVE or IMPROVE in NJ is compromisedof realtors and project designers that work together with families faced withthese same options. The process is similar to the HGTV show “Love It or ListIt” only tailored to the real world where the decision needs to be made upfront and not at the end of a major renovation at the end of an episode.