With shows like Fixer Upper and Flip or Flop continuing to be popular, it’s no surprise homeowners are experiencing house envy like never before. Before you know it, you’ll start to channel some major Love It or List it vibes!
When it comes to deciding whether to remodel your existing home or move, weighing the pros and cons will help you decide the right choice for you and your family. Read on for our advice!
The Pros of Moving
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Moving gives you the chance to find a new home in a location you love. Maybe you’re not happy with how the neighborhood has changed, or the location means you have a long commute. In these cases, cosmetic changes won’t solve your problems, and moving may be the best option.
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You have the opportunity to build a home to your exact specifications. There are times when no amount of remodeling will convert your current home into your dream home. Purchasing a home built to spec, on the other hand, will do just that.
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Moving to a new home can give you a fresh start. If you’re looking for a new adventure in a new city or just tired of the same old scene, moving can give you the fresh start you crave.
The Cons of Moving
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Selling your home can be costly. Remodeling can be an expensive investment but selling a home comes with its own expenses. There are realtor fees and moving costs, plus purchasing furniture and decorating your new home.
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Moving is time-consuming and stressful. From endless showings to packing everything up and cleaning, moving takes time, and tight closing deadlines can be stressful.
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If you live in an older home, be prepared to make some updates to sell your home for your desired price. At the very least, you may need to make concessions on things like flooring or appliances so the seller can make updates.
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Finding a home you can afford may mean sacrificing some of your “wants.” Finding the perfect new home may not be as easy as you think. Home prices have continued to rise, and it cannot be easy to find an affordable home that checks every box on your list.
The Pros of Remodeling
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Remodeling means you can stay in the place you love. If you love your neighborhood and have come to depend on your neighbors, it makes more sense to remodel. It’s not easy to replicate deep friendships and lasting community.
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Remodeling lets you redesign your space. One of the best benefits of remodeling your current home is knowing exactly what you need to change to make yourself happy. Whether it’s small tweaks or big changes, a redesign can help you fall back in love with your home.
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There are no moving expenses or tight timelines. The cost of moving adds up, and finding a new home in conjunction with selling your current home can create some stressful timelines.
The Cons of Remodeling
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Remodeling sometimes comes with unexpected expenses. Be prepared to uncover hidden surprises, especially for larger projects requiring moving plumbing or tearing down walls. Combat these costs by making room for unforeseen expenses in your remodeling budget.
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Remodeling means living in a construction zone. Depending on the project, remodeling can require patience. Remodelers can expect dust, noise, and general chaos until the project is completed.
Ultimately, the choice of whether you should remodel or move is one only you and your family can make. Your home isn’t just a big investment; it’s where you spend your time making memories, so loving your home is important.
If you think remodeling is the right choice for you, get in touch with the Homecare team. We’d love to chat!
