1/28/25

Should You Sell or Renovate Your Home? What Are the Key Questions to Ask?

If you are thinking about moving to Wellesley, give us a call, text or email! 📱 Call or text: 857-939-0981 💻 Email inquiries: Steve.Connolly@Cbrealty.com SteveNicoleConnollyRealEstate.com   ✅ SUBSCRIBE HERE http://tiny.cc/zyq0vz Follow us on Instragram: https://www.instagram.com/steveconnolly2/ _______________________________________________- Coldwell Banker Wellesley Stephen Connolly & Nicole Connolly #MovingtoWellesley #WellesleyMA #Wellesley We get asked all the time by homeowners if they should sell or renovate their home. We think it comes down to a couple keep factors on what you should do. Stick around for the last and most important point. Understanding the financial impact of the decision. To make the best decision you have to understand what your house is worth as-is today, what the cost of the renovation/addition would be, and the after repair value valuation on your home. The last thing you want to is displace your family for a renovation that doesn’t make any financial sense. Understanding how much space you need in your home. If you can accomplish your goals without significant disruption and maintain a low mortgage rate then staying in your current home may be the solution. The Town of Wellesley has strict zoning bylaws and understanding what you can do to your lot is the most important factor in if you can do the project that will solve your needs. We have a great understanding of the bylaws and can give you a high level idea on what can be added to in the space and have a network of architects and zoning attorneys to assist in getting the right decision made. Whether it be historical regulations, setback restraints or the total size of the home; which Wellesley calls TLAG, these will all be variables in the project. And new energy codes may come into the play depending on the scope of the project!

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