If you’re wondering whether you should remodel your current home or move to a new one, there are a few primary considerations you should know about. This can make it easier for you to make a decision and move forward in an organized way. Here’s what you need to know.
Is Organization the Answer?
Before you move away, you should assess what you need in terms of space. Are you interested in having more rooms, or do you need a more suitable layout? According to This Old House, you can get more space by converting unused rooms or spaces into what you need. For example, attics and basement can become living spaces with the right improvements. If you don’t have these options, you may be able to create an additional room if you have a layout for it. In case your current home definitely can’t meet any of those requirements for remodeling, then it’s possible that it’s better for you to move on.
What’s Your Budget?
The amount of money you have to spend can be a key determining factor. According to the Remodeling Calculator, the cost of your remodel can depend on what you need to be done as well as the cost of work in your area. On average, a bathroom remodel can cost a little above $11,000, while a kitchen remodel can be about $13,000. If you have a lot of things to do, the costs can really add up, but at least you can do remodels a bit at a time. Selling your home can also come with its own costs such as important repairs and closing costs. On top of that, you’ll need to do your research to compare what your home is worth to the average selling price of the home you want. If you don’t have the right budget, it might be hard to find that dream house.
Do You Have the Time?
Having your home remodeled can really disrupt your life with noise, dust, and debris. This can be a lot of deal with depending on how long it takes. According to House Logic, while a basement conversion can take up to three weeks, a complete kitchen makeover can take you out of your comfort zone for three months. It can take even longer if you decide to do some of the work yourself. On the other hand, selling your home can take a little over two months. and getting the home you want may take three months. In this case, the timeline is about the same for relocating and the most significant remodeling projects but unless you’re undertaking some major repairs, you won’t be buried under rubble while you wait to sell.
Use the Right Professionals
If you decide to remodel, then consider some of the projects that will not only improve your home but increase its value. Adding a deck or creating a grand entrance area can get you some good returns. You will also see the benefits of remodeling your existing kitchen or bathrooms. Where additions are concerned, putting in another bathroom and master suite can be great. When you’re looking for contractors, make sure to get recommendations and ask for samples of their work. Your ideal contractor must be licensed and have adequate insurance. It’s best to get references so you can find out what they’re like to work with as well. Finally, watch out for how they respond to you during your meeting, as you’ll want to be comfortable with them.
It’s not always easy to make a decision about whether you should move to another home or work on the one you have. As you’re thinking about it, make sure you determine how much money and time you’re willing to spend as well as what your absolute must-haves are.
