Relocate or Remodel: Factors to Consider on What to Do
With all the various needs one may have, the following are the pros and cons of relocating and remodeling which may help you have a start on settling on a choice that fits you.
REBP
With the new year comes new plans and for those who have lived in a place for a long while, chances are they would contemplating whether they should move to a new home or give their current home a new look and feel by remodeling.
As families grow and new needs come up changes are bound to occur. With more kids, and the need to accommodate each individual’s needs in the house, sometimes an initial home may seem small.
Whereas, if a couple has retired and is graying, the house may feel so big with many unused rooms hence making one contemplate moving to a house that’s smaller and one that fits their current needs.
With all the various needs one may have, the following are the pros and cons of relocating and remodeling which may help you have a start on settling on a choice that fits you.
Remodeling
Instead of moving to an entirely unfamiliar place and leaving behind your friends and neighbors, if you need a new home feel, you may consider remodeling your current home.
Pros of remodeling
It is way cheaper than moving to a new house since you are simply making minor adjustments to the already existing structures. Unless you are planning on an entire overhaul.
It offers stability as you will have to keep your neighbors, and friends and be in the surrounding of the amenities you are accustomed to.
Remodeling allows you to customize any part you are adjusting to suit your needs and personality. Embodying your essence.
Cons of remodeling
If you want to move to a bigger or smaller house, it is impractical, as doing a complete overdo requires massive funding without a guaranteed increase in value.
It is time-consuming which may inconvenience you in case it may need you to move to another place temporarily while the construction going on.
Even without the moving out if the remodeling is minimal, the presence of construction workers in your home for the time that the remodeling will be done can be overwhelming.
Relocating
The idea of relocating can be daunting especially if the need is there but you are not sure of where to move to and when you should move. However, it can also be appealing following the excitement of moving to a new location.
Pros of relocating
It opens you to new adventures. Moving to a new environment allows you to explore a new place and all the amenities that the region offers, it further allows for the development of exciting relationships hence expanding your networks.
Relocating offers an opportunity for a new start with new neighbors, a new environment and so much more.
Relocating gives you a chance to break out of your comfort zone.
Cons of relocating
If your current home is yours, you may need to sell it if you need to relocate which may be challenging to get a new buyer. Getting a real estate agent is your hope to quicken the selling.
Moving is exciting however, the planning, packing, and sorting process that accompanies it is so exhausting. But if planned well and possibly seeking the help of a movers company, the process can be less demanding.
Having covered both the pros and cons of remodeling and relocating, you can start knowing which would best fit your needs and those of your family.
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