It's not always easy to decide between remodeling or moving. We know that with so many pros and cons it can be difficult to navigate! Here are four factors that you should consider when making your decision.
Cost of Remodeling vs. Cost of Moving
Cost is always the number one concern of those on the fence between remodeling or moving. When deciding on your budget, don’t forget to account for all costs! This can include upfront costs, mover fees, and additional fees.
Will making an improvement or adding an addition really give you all the space that you need and want? Changing your floor plan or adding more space can greatly improve your home, but make sure that it will really improve your living situation rather than being a temporary solution. If you think it might be more beneficial to have a whole new layout or home size, moving might be a better option.
Impact of Construction
Will you be able to handle sharing one bathroom or going a few days or weeks without your kitchen? Keep in mind that renovations can often take longer than expected! Make sure you and your family will be prepared for any inconveniences (including noise!).
Impact of Moving
If you are considering moving, make sure that it is a feasible option for you and your family. Selling has gotten easier, but make sure that there are homes on the market that meet your criteria! Try a quick online search or have a real estate agent set you up with a custom home search. Don’t forget to consider how a move may help or hinder the quality of life for you and your family. Changes to your school district, commute, and nearby attractions should be beneficial!
Considering a remodel or a move, but just not sure which option to choose? We’ve teamed up with Paragon Building Group to provide you with all the information you need! With experience in both new construction and residential real estate, we can provide you with detailed information to help you make the best financial decision. Give us a call at 919-625-0211 to get started!