While the majority of homebuyers in the North Texas market prefer to buy a home that’s ready to move into, some choose a home with renovating it in mind, sometimes due to a competitive market. Savvy buyers can see the potential, and how they can customize the home while at the same time building equity. However, if you’re considering a Flower Mound home that you intend to put major work into or even remodel, you may want to reconsider before you jump in with both feet! Here’s why.
First of all, the process of buying a home can be a huge, stressful undertaking. Think of the impact to your finances, not to mention your system! It often takes buyers months to find the right home, and the process can be exhausting. Give yourself a break and a little time to regroup before undertaking another big project that will likely be fraught with decisions like which contractors you’ll want to use for the job.
Could you possibly change your mind regarding some of the renovations you have in mind? By giving yourself some time after you’ve actually moved into the home, you can better determine what’s best for you and your family. You may envision knocking down a wall or adding on to a room, but until you’ve lived in it for a while it’s hard to know what needs changing, and what you prefer to stay the same. It’s important to find out how your family will use the house in its current state before making huge (and costly) changes.
It takes time to plan. It’s a good idea to live in a home for at least six months before undergoing a major renovation. Once you begin, you’ll need to locate several contractors and perhaps even designers to help you with the options and forming the best ideas in terms of space, functionality, etc. In addition, consider the mess you’ll live in while the renovation is going on (and even whether you may have to spend additional money renting a place to live in during the process). Ultimately, you may find, after living in the home for a while, that your priorities change, and that it doesn’t need a massive makeover!
It’s always best to approach renovation with an open mind before jumping right in the moment you buy a home. Who knows? In a few months, you may love the home exactly as it is, or decide on only a few minor changes.
At Team Nelson, our Flower Mound real estate professionals know it isn’t always possible to find that “perfect” home; one that meets all of your criteria. Let us help you find the North Texas home that most closely suits your vision of what your dream home is!