Asked by Allison Evans Callaway, Dallas, TX • Fri Feb 7, 2014
My husband and I purchased our home in the M Streets/Greenland Hills only 6 months ago, and now his company is going to relocate us out of state in 12 months. We had planned to do some remodeling projects for our own enjoyment: update fireplace surround; add crown molding in kitchen; redo master bathroom; change kitchen floors from tile to hardwoods. However, this was on the assumption that we would be living in the house 3-4 years and be there to enjoy the updates. We have already made superficial improvements such as better decorating which will help with staging, new recessed lighting, repainting, and changing tacky light fixtures.
If we need to sell in the next 12 months, considering we will only have been in the house 18 months and the market hasn't gone up much (if at all) and we have a 30-year mortgage so we have been paying mostly interest so far, what should we do?
Remodel to hope for a higher selling price, or sell as-is, presumably at the same price we bought it? Thanks!
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