Renovate or Move: The Decision to Upgrade

August 8, 2017

When you’re starting to feel sick of your old fashioned home, it can pretty tempting to upgrade your living situation. But does that mean you should jump into renovations or start looking for a new home? The answer to that question really depends on your own individual situation and what your ultimate goals are. Here are some things you should consider before making your decision to renovate or move.

  • First thing to do is compare the costs. The most important thing, even though it may not be the most fun, is figuring out the numbers. Decide what kind of renovations you’d want to do and compare that with the cost of a home you’d be interested in moving into. If you're planning on doing renovations  yourself, you should include the hours it will take you to do the work. Your time is also worth something so make sure to think about what that is worth to you.
  • Remember the good times. Something to really consider is the memories attached to your home and how you would feel about leaving it. You never know, maybe your family’s attachment will outweigh the desire to move somewhere new. Or if there isn't anything special about your current home, it maybe wouldn't be a big deal to move.
  • When choosing to renovate or move, think about selling in the future. Whether you renovate or move, think about how it will affect prices, how the current market is going, and what other effects it might have down the road. These are good questions to research or ask a local real estate agent, they have the knowledge and experience to help you make an educated decision.

There are lots more pros and cons to consider when choosing whether to renovate or move into a new home, but only you and your family can make that decision in the end. There are lots of things to think about and research and so take your time. If you need help with that research like knowing home values, current market trends, or just some advice, Call or Text Me 208-403-1859 or Email Me Today! Find me on Facebook and Pinterest