Should I Move or Remodel? A Comprehensive Checklist

Choosing to relocate or renovate your house can be difficult. Each choice has its own set of difficulties and benefits. Given the growing real estate prices and rising moving costs, remodeling might be a better option for many homeowners. In this blog, we’ll go over the advantages of a home renovation rather than moving and provide you with a thorough checklist to use while you decide.

Save Cash

The possibility for financial savings is one of the most convincing arguments for remodeling rather than moving. Given the rising cost of real estate, many homeowners are choosing to stay in their existing homes instead of moving somewhere else. As interest rates continue to rise upgrading your existing home through a tasteful renovation may be a better option than having to purchase a new house at record-setting prices.

Make Your Living Space Your Own

Remodeling allows you to customize your house to fit your needs and tastes. You don’t need to look for a new home to add the space you’ve always wanted, whether a new kitchen addition, an additional bathroom, or a larger living room. Working with a licensed general contractor allows you to design the space of your dreams while staying in your home which holds so many wonderful memories.

Keep Emotional Bonds Strong

Many have lasting memories of milestones, accomplishments, and other past times connected to their homes. With a home renovation, you can hang on to these memories and still get the new, modern home you’ve always wanted.

Increased Energy Efficiency

A newly renovated home can reduce your energy bills and improve your energy efficiency thanks to improvements in building codes and building materials. Materials like new energy-efficient windows, insulation, HVAC systems, siding, and others can reduce your environmental impact.

Prevent Moving Hassles

Moving can be a time-consuming and unpleasant endeavor. The process can be daunting, from locating a new house to packing and moving all your belongings. By renovating your current home, you may avoid these difficulties and concentrate on the fun of enhancing your existing space without the hassles of moving.

Complete the Checklist for Deciding Whether to Move or Remodel Your House

Consider asking yourself the following questions to help you decide if you should relocate or remodel your home:

  1. Can I make the adjustments I want in my current home?
  2. Are my remodeling plans subject to zoning limitations or permit requirements?
  3. How much will the remodeling project increase the value of my house?
  4. Will remodeling increase or decrease my property taxes?
  5. How long do I intend to reside in my present residence?
  6. Can I pay for the remodeling expenses without taking on additional debt?
  7. Will my everyday life be considerably disrupted by the home renovation project?

 Reach Out to Prince & Sons for Help Deciding Whether to Move or Renovate Your Existing Home

 The choice to relocate or embark on a large-scale home renovation is ultimately based on your preferences and circumstances. Yet, it’s worth thinking about whether a renovation project could be a better alternative for you, given the rising real estate costs and the potential advantages of upgrading your existing space. For further help in making this often difficult decision feel free to reach out to our team at Prince & Sons today. We can be reached by phone at 919-383-0888 or you can fill out our online intake form to give us an idea of the scope of your home renovation project. We look forward to working with you soon!

Leave a Reply

Your email address will not be published. Required fields are marked *