Tips for Deciding Whether to Move or Remodel Your Home
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To renovate or move? It’s the age-old question that almost every homeowner will face at some point in their life. Moving is an incredibly stressful experience, but so is navigating a construction zone in your own home. And there’s a lot more to consider. Will your budget allow for major home improvements? Is it a good time to sell right now? Will you miss your old home and neighborhood if you move? Answering questions like these—and several others—will help you make the best decision for you and your family.
Which is Cheaper?
For many homeowners, the decision of whether to renovate or buy a new home will come down to affordability. Which option makes the most financial sense right now? If the real estate market is not in your favor, it may be best to hold off on a sale and remodel your home instead. Of course, you also have to consider how much it will cost to make your desired upgrades!
Will renovating your home now will pay off in the future if you decide to sell? Unfortunately, when it comes to major improvements, you probably won’t make your investment back. But certain upgrades can help you sell your home faster and for a slightly higher listing price.
An expert real estate agent from RE/MAX Northland can help you decide which improvements to prioritize if you’re planning on selling your home. For example, remodeling your kitchen before selling could be a great way to wow your potential buyers. Just be sure to avoid common mistakes like installing new floors on top of old floors or splurging on a luxury countertop without updating old cabinets.
What Do You Need?
Considering your lifestyle needs will also help you decide on the best move. Do you want more rooms to support your growing family? More storage space to hold your stuff? You might be good with a few upgrades! Consider building a home addition, decluttering your belongings, or knocking down a few walls to open up your interior. If you’re longing for modern living, buy some new appliances or install some smart home features like a smart thermostat or security system. Keep in mind that you can save on smart home products when you use online discount codes and coupons for retailers like Best Buy and Target. If, on the other hand, you’re looking to move closer to town or acquire a larger property with a big backyard, selling may be the only way to get what you want.
Moving for a Fresh Start
Sometimes, moving might be the right decision just because you’re feeling stuck in your current position. As Thought Catalog explains, moving is an excellent chance at a fresh start! You may decide to move to gain a new perspective, chase a new job, meet new people, or live closer to the activities you love—whether it's hiking or window shopping. Moving to a new city could even be the change you need to cut toxic people out of your life or finally drop some of those bad lifestyle habits. In the end, buying a new home might be one of the best things you’ve ever done for your mental health!
What Else is Going on in Your Life?
Before you make your final decision, consider everything else that’s on your plate right now. Both moving and coordinating a home renovation project will take a lot of your time and mental resources, so it’s important that you’re up for the challenge. You also have to consider how your decision will affect your daily life. If you’re caring for a senior loved one who lives nearby, moving away will make your life a lot harder. If you’re working from home, you’ll have a difficult time concentrating with construction going on around you. And don’t forget to think about how the coronavirus pandemic could affect your home renovation!
Most importantly, don’t rush into things! Choosing whether to move or remodel your home is not something you have to decide right away. Be sure to consider your options carefully, going over the pros and cons of each path until you’re happy with your final decision.
If you're looking for a partner to help you negotiate the complexities of buying or selling a home, connect with RE/MAX Northland today! Call 218-203-3603 or email remaxnorthlandteamjared@gmail.com.
Article compliments of Tina Martin at ideaspired.com
To renovate or move? It’s the age-old question that almost every homeowner will face at some point in their life. Moving is an incredibly stressful experience, but so is navigating a construction zone in your own home. And there’s a lot more to consider. Will your budget allow for major home improvements? Is it a good time to sell right now? Will you miss your old home and neighborhood if you move? Answering questions like these—and several others—will help you make the best decision for you and your family.
Which is Cheaper?
For many homeowners, the decision of whether to renovate or buy a new home will come down to affordability. Which option makes the most financial sense right now? If the real estate market is not in your favor, it may be best to hold off on a sale and remodel your home instead. Of course, you also have to consider how much it will cost to make your desired upgrades!
Will renovating your home now will pay off in the future if you decide to sell? Unfortunately, when it comes to major improvements, you probably won’t make your investment back. But certain upgrades can help you sell your home faster and for a slightly higher listing price.
An expert real estate agent from RE/MAX Northland can help you decide which improvements to prioritize if you’re planning on selling your home. For example, remodeling your kitchen before selling could be a great way to wow your potential buyers. Just be sure to avoid common mistakes like installing new floors on top of old floors or splurging on a luxury countertop without updating old cabinets.
What Do You Need?
Considering your lifestyle needs will also help you decide on the best move. Do you want more rooms to support your growing family? More storage space to hold your stuff? You might be good with a few upgrades! Consider building a home addition, decluttering your belongings, or knocking down a few walls to open up your interior. If you’re longing for modern living, buy some new appliances or install some smart home features like a smart thermostat or security system. Keep in mind that you can save on smart home products when you use online discount codes and coupons for retailers like Best Buy and Target. If, on the other hand, you’re looking to move closer to town or acquire a larger property with a big backyard, selling may be the only way to get what you want.
Moving for a Fresh Start
Sometimes, moving might be the right decision just because you’re feeling stuck in your current position. As Thought Catalog explains, moving is an excellent chance at a fresh start! You may decide to move to gain a new perspective, chase a new job, meet new people, or live closer to the activities you love—whether it's hiking or window shopping. Moving to a new city could even be the change you need to cut toxic people out of your life or finally drop some of those bad lifestyle habits. In the end, buying a new home might be one of the best things you’ve ever done for your mental health!
What Else is Going on in Your Life?
Before you make your final decision, consider everything else that’s on your plate right now. Both moving and coordinating a home renovation project will take a lot of your time and mental resources, so it’s important that you’re up for the challenge. You also have to consider how your decision will affect your daily life. If you’re caring for a senior loved one who lives nearby, moving away will make your life a lot harder. If you’re working from home, you’ll have a difficult time concentrating with construction going on around you. And don’t forget to think about how the coronavirus pandemic could affect your home renovation!
Most importantly, don’t rush into things! Choosing whether to move or remodel your home is not something you have to decide right away. Be sure to consider your options carefully, going over the pros and cons of each path until you’re happy with your final decision.
If you're looking for a partner to help you negotiate the complexities of buying or selling a home, connect with RE/MAX Northland today! Call 218-203-3603 or email remaxnorthlandteamjared@gmail.com.
Article compliments of Tina Martin at ideaspired.com