One of the hardest questions you will ever ask yourself is whether you should remodel your house or move to a new one. Our lives are always changing, and so are our homes. Our homes may have at one point been filled with a lot of laughter and children and now all the kids are grown up and off to boarding school or university. Your house might feel big and empty another scenario could be your family might have grown much bigger over the years and you are now considering moving to a bigger home or renovating your current one.

The question of whether to move or renovate your home has been a dilemma for every homeowner for decades. This article will act as a guide in your decision on whether to remodel or move.


1.Can You Afford It?

The first question to ask yourself is do you have the money for a renovation or a move? You can’t start a project and leave it halfway because you are broke, start by breaking that piggybank, know how much you have, and then push through with the project.

Write everything you want in your home down. Writing things down will help you see what you can remodel in your home and what you can’t. Do you want to fix a leak in your roof or electricity problems? Perhaps you need an additional room or another bathroom for those hectic mornings or maybe you want a patio or deck to entertain guests outside.

If you want to make big changes to your home think of the financial implications of both moving and remodeling before making that huge step. For instance, when picking out furniture for your renovations you could consider, solid wood furniture, it’s known to last for about 10- 15 years before it starts deteriorating by showing signs of fading and cracking thus saving you some money before you need to purchase more furniture.

The amount of money everyone owns varies from person to person one rule to keep in mind when considering remodeling is to never make renovations that are out of proportion to the value of your home.

2.Do You Love Your Current Location?

Do you love where you currently live? Is it a good neighborhood? If you are considering moving or buying a new home, then ask yourself if you can afford to move to a new home or build a new one in that exact area you are currently living, if the answer is no then consider remodeling. Renovating your already existing home might be the best thing you need if you are looking for a change.


3.Seek Professional help

Having a professional walk this journey with you might save you time and money on a renovation that should have never started or a move that could have been avoided. A creative contractor will be able to see setbacks and opportunities you would have missed. With the right professional by your side, you could have the home of your dreams in the location of your dreams. Additionally, they can help you with seeking or collecting the right paperwork, as some renovations may require permits or other legal documentation.

Do you want to move into a new house or build a new one or simply renovate an old one? These are all very difficult things to consider but perhaps these questions will aid you in making your decision.

Do you need to think of the equity of your current home?

How well is the current real estate market doing

What are the financial implications of moving or renovating

Is moving something possible

Can you wait for a new home to be built?

Is my family going to grow in the future?

Whether you are thinking of moving to a new place or renovating an old one, the two most important things to consider are whether can you afford it and will your family be comfortable in the new home. You might want to increase the value of your property and sell it in the future but you also don’t want your family to feel like they are living in a showroom of your current business venture. They are many good reasons to want to renovate your home but your family’s comfort as well as your own shouldn’t be overlooked