Northern Virginia Real Estate Podcast with Jody Donaldson

People often debate whether to remodel their current homes or simply sell their current property and build a new one. Some things to consider before committing to such a process are the costs, if it will add value down the road, and what might be best for you and your loved ones. In my own experience, I think it’s easier to remodel than to build new, but your case may not be the same as my own.

The question of whether to rent or buy is a difficult one, and has persisted with consumers for a long time. What you should know is that the price of both buying and renting is rising, and the 2014 national median home price was $208,500, which is an increase of 5% from 2013 (according to the National Association of Realtors). The average rent payment has also increased by 12% from January 2013 to December 2014.