Remodel vs. Moving: When is More Space the Right Answer?
Getting the home of your dreams is a goal many of us would love to realize. But finding your dream home often comes down to a choice between moving to a more suitable home, or remodeling to create the space you want. So which is the better choice when you’re looking for your ideal home? Here we look at how to choose between remodeling your home or moving to a new place.
What’s The Most Important Feature You’re Looking For?
Evaluating your priorities can quickly help you see whether remodeling or moving is the best choice for you. If you absolutely need updated features, finishes, and appliances but love your neighborhood, it’s most likely worth the investment to stay put and remodel. If on the other hand there’s no getting around the fact you need more space and your lot is just too small for your growing family, moving to a new home may be a better option. Most homeowners would prefer to stay put in their current homes and remodel, with 70% choosing this option. However, it’s important to carefully look at what’s really valuable to you in a home to help you make the right decision.
Is Your Neighborhood Important?
One thing that can’t be easily replaced in a home is location and neighborhood. If you really like your neighbors and appreciate the area you’re in, it might mean more to you to remodel your existing house into the home you want. Trying to find another house that’s close by with all the features you need at the price point you want can be as rare as finding a needle in a haystack.
Does Renovating Make Sense For Your Home, Lifestyle, And Finances?
It’s important to thoroughly investigate whether the structure of your home, your finances, and your lifestyle can stand up to renovating before you take the plunge. Some homes may not have the quality structure to make renovation worthwhile, and moving may be a better choice. Renovation also requires an investment, and it’s important to evaluate whether moving or renovating is the more cost effective option. Renovation can require months of patience while your new home is created, so considering your family’s needs and lifestyle is important.
Does Your Home Have Special Meaning To You?
Many homeowners want to stay at home and renovate because their existing home has special meaning and sentimental value that just can’t be replaced. It’s important to also prioritize your feelings and emotions about your choice between moving and renovating.
Is There A Serious Issue With Your Current Home?
Another reason to really consider moving is if your current home has a serious problem you can’t remedy. A skilled remodel professional can help to redesign and reshape your space to meet your needs in almost any way, even adding more living space or changing the flow of your home. But there are factors that are out of your control, such as your neighbors, your area, school district or total space available that may be deal breakers for you.
While a Design Build Company will help you understand the possibilities and investment ranges for remodeling your home you should first be sure that purchasing a new home is not the better decision.
Are You Being Told That The Only Option Is To Buy A New Home?
If your home has sentimental value, or you love your neighborhood, then moving is not an option. Some times you need to take into consideration the motives of the people telling you this. Other times, it may just be a lack of experience or creativity. It is always worth getting a second opinion from an experienced, licensed, and bonded design build company. They may be able to come up with a solution that has not been presented to you. Even if you wanted to increase your square footage, and have been told that you do not have enough land, you can always build up to increase your square footage and/or add rooms. Remember, “When there is a will, there is always a way”!