SHOULD I REMODEL OR MOVE?
June 28th, 2023
How do I know if I should remodel or move? It is a tricky question and life-changing decision. Sometimes our clients come to us asking this question and we are here to offer advice.
We want you to fall in love with your home all over again, but if it’s time for a change, go for it! There are a few things to consider when you decide to remodel or move. Here are 6 things to consider:
Assess your current home: Evaluate the strengths and weaknesses of your current home. Consider factors like location, neighborhood, size, layout, functionality, and condition. Identify the specific aspects that you're dissatisfied with or feel need improvement.
Determine your needs and goals: Consider your long-term goals, lifestyle, and specific needs. Are you looking for more space, a different layout, better amenities, or a different neighborhood? Determine how well your current home aligns with these goals and needs.
Market conditions: Assess the current real estate market in your area. Determine if it's a buyer's or seller's market, and whether it would be advantageous to sell your current home. Research property prices and trends to get an idea of the potential market value of your home and the affordability of properties you might be interested in moving to.
Emotional factors: Consider the emotional aspects involved in remodeling or moving. Think about how attached you are to your current home and the memories associated with it. Consider the stress and disruption that can come with both remodeling and moving, and weigh these factors against the potential benefits.
Time and effort: Think about the time and effort required for each option. Remodeling can be time-consuming and may require living in a construction zone for an extended period. Moving, on the other hand, involves finding a new home, packing, and the logistics of the actual move. Consider how much time and effort you're willing to invest in either option.
Future plans: Consider your future plans and how they may impact your decision. Are you planning to stay in the area for the long term? Are there potential life changes, such as a growing family or retirement, that could affect your housing needs in the near future? Factor in these considerations when deciding whether to remodel or move.
Ultimately, the decision to remodel or move depends on your unique circumstances, priorities, and preferences. It may be helpful to make a pros and cons list for each option and discuss your thoughts with family members, friends, or a trusted real estate professional who can provide valuable insights based on your specific situation.
If have decided to stay put in your current location, we’d love to get the conversation started about creating your dream home. We specialize in custom interior remodels and help clients fall in love with their home all over again. Our team will guide you through each step of the process to ensure you will love your home forever.