Moving VS Remodeling Your Current Home
If you feel current house is not working for you any more, you may be considering moving to a new one. Remodeling or accepting your home’s imperfections are the other options. Which will work better? Here are few items to consider regarding the benefits and drawbacks of all these options.
The benefit of moving to a different house include that it will be ready and waiting for you and your family. You will not have to go through a remodeling construction process but to just pack up your things and move to the new house. Once you have sold your house or found a renter to lease it after you have vacated the property, you can take off. New is definitely exciting too. The drawback of this approach is that it will be difficult to acquire perfection in an existing home. Creating a custom-built house could provide every amenity that a family want, however, this will require some time and be pricey. While new house can be refreshing and enticing, there is something to be said for familiarity, too. Trees and gardens that you’ve maintained for years will be left behind, as well as your friends and neighbors. New physicians, schools and grocery stores will need to be located if you move far from your current address.
If a family just need a bit more space and loves their neighbors and friends on their current address, remodeling the house is the answer and this will be a win-win situation for everybody. If the family simply outgrown their space, adding an additional bedroom, bathroom or family room could be the solution. The benefit of this option is that you get to keep all the stuff that are “right” about your home and upgrade things that are inadequate. The drawback of this approach is that having a construction project happening in a space where you are residing can be nerve-racking. You will also want to make sure that you are not making a high-class renovation onto a home in a neighborhood of lower valued property. You need to have your money back if you want to sell it in the future. Do the math; obtain a couple of bids for remodeling costs to see if the square footage adds enough value to really make it a useful investment. An agent or website could provide lists of comparable sales in your town that would give you some figures to look at.
It is vital that you perform a little bit of self-reflection for you to decide whether your family has enough money for moving or remodeling. Contemplate whether the next grander house will end up feeling unsatisfactory for one reason or another, as well. As the old saying goes “no matter where you go, there you are.” It’s definitely true it this involves switching locations. If you are attempting to perk up your life or fix a broken relationship though housing change, they have to rethink their reason. If after doing a bit of soul searching, you still find that the particular reason behind attempting to move or remodel is because of a true necessity, then go ahead. Analyze your financial status then either hire a builder to begin hammering or rent a truck to start moving.