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Should I Move or Remodel?

July 29, 2019

The Ultimate Checklist

You have lived in your home for quite some time, and chances are you have made many happy memories there. However, it may no longer suit your needs or design style. Now you are torn between buying a brand-new home and remodeling. The answer depends on several factors.

Here is a checklist to consider when deciding on building or remodeling your home:

Is the Home Large Enough?

One of the main reasons families move is the need for extra space. With a custom-built home, you can choose the floor plan that is best suited for your family. However, you can also add square footage in your current home with an addition or by reconfiguring the layout to add more space through a more efficient design. It is important to check with the city to find out what is allowed in your community.

Can You Come Up with a Realistic Budget?

When deciding whether to move or remodel, budget is one of the key factors. Set a budget that you are comfortable with. Think about how much you can change or add to your current home. Consider how long you will be staying in the home to determine your return on the investment. Budget accurately if you opt to remodel and get several quotes. Be sure to have a contingency fund set up for any unforeseen items that may come up. Next, have a REALTOR visit your home to determine what it would be worth in today’s real estate market. The sales amount will be a great help in deciding if building brand new is a better option. Keep in mind the energy and insurance savings you will receive with a newly constructed home. Also, it is important to know what is included in your brand new home since optional upgrades will increase the amount of your investment. View our included features below.

Is this the only house you can see your heart in?

Emotions play a significant role when deciding on building or remodeling. Think about your family’s connection with the home and community. If you have a strong emotional connection, remodeling may be the best option. A significant remodel can dramatically enhance the look and functionality of the home.

How Long Will Remodeling Take?

Remodeling a home takes time, energy, and lots of patience, especially if you will be living in the house during the process. For example, consider meal options during a kitchen remodel that involves new cabinets, countertops, floor, and appliances which can take up to six months. Combined with a bath remodel it can take much longer and limit the use of the bathroom. Gather the family to discuss the changes the remodel will require when it is underway. It may turn out that building a new home is a better option for all.

Ultimately the decision to move or remodel is something made best when all factors are taken into consideration. Another tip: don’t rush your decision; it’s best to create a list of pros and cons for each choice.

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This post was written by Acadian Homes