Should You Remodel or Build Your Next Home?

Finding the perfect home can seem next to impossible. At what point should you consider remodeling a home or even building a new one?

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If you can't find the right home, how do you know when it's time to consider remodeling or even building a new home?

Finding a home that's the right fit is difficult. You'll probably find yourself thinking "If I could take this home and combine it in with that home..." However, you'll want to consider a few things before deciding to remodel or build from scratch.

1. The buying process: To build a home, you need to purchase a lot and get a construction loan, which is a longer process. You could also buy an existing home and pay as you go with remodeling.
2. Time: Can you wait around for a new build? Sometimes you just don't have the time to wait 10 months or more for your new home.
3. Floor plan: Can you find the kind of floor plan you're looking for in a remodel job? Sometimes you simply can't move a wall or create that open concept that you're going for.
4. Location: There are currently 331 lots for sale in Bucks County ranging from 47 acres for $7.7 million to four acres for $5,000. If you're set on a certain location, can you find a home suited for your remodeling goals in that certain area?
5. Fun: What do you like doing? Would it be more enjoyable to build the home, or are you an HGTV nut who loves the remodeling process?

If you're looking for a home or trying to decide between remodeling or building your next home, don't hesitate to give me a call or send me an email soon. I'm here to help!

Why You Should Invest in Real Estate

If you’re looking to diversify your traditional stock portfolio, you should think about adding real estate. Today I’ll tell you why that’s a good idea.

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Today I want to talk to you about how real estate is a good addition to your traditional stock and bond portfolio. Real estate is a good investment because it offers diversification to your portfolio. It is considered its own asset class and can offer generous yields during periods of depressed economic activity and appreciation when economic activity is strong, like it is currently.

Financial advisors consider real estate an alternative investment on the level of commodities. Both are less correlated to bonds and stocks, and can help a well-diversified portfolio smooth out the rough patches. The home is most people’s largest asset, so finding exposure to real estate is typically not a priority.

However, over the long term, as long as household formation continues, real estate will continue to be a viable asset class.

However, over the long term, as long as household formation continues, real estate will continue to be a viable asset class. Additionally, some stock portfolios include allocations to mortgage insurers or real estate investment trusts, which tend to pay healthy dividends.

Furthermore, real estate market health is determined by demographic trends and economic growth. These trends continue to remain favorable, making real estate an attractive option for investors.

If you have any other questions or would like to learn about some great investment opportunities, please give me a call. I would love to help you.