To Relocate or Remodel – The Great Debate

home-renovation1Many people often struggle with deciding between renovating their current home, or simply packing up and moving elsewhere. It is very common for a family to feel that they have “outgrown” their home, and that their only option is to move somewhere with more space – but this is not always true!

With the help of an experienced general contractor, you cannot only change the layout of your home, you can also add space if the lot size permits. There are a few advantages to staying put and remodeling:

1. Save Money

The cost of moving is high when you consider all the fees (real estate commissions, financing charges, etc.) and moving costs. Unfortunately, you do not see that money again when the process is done.

2. Increase the Value of Your Home

A remodel increases the worth of your home and therefore provides a return on your investment in the long run. When you sell your house in the future, you will see the benefits of the remodel in appreciation.

3. Avoid the Hassle

Although a remodel can be an inconvenience, packing up an entire house and relocating is a lengthy process that requires a lot of effort on the homeowner’s part. You may love your current neighbourhood and be close to work, so a move could inconvenience your lifestyle.

It is important to ask yourself if you really like the location of your house. Consider your neighborhood, the schools, and the surrounding properties to help make your decision.  Above all, we recommend consulting an industry-leading contractor to help you understand the remodeling options you have and also give you a sense of the expected costs.

If you’ve opted to remodel instead of move in the past, or vice versa, please share your experience in the comments below!