Why Remodeling Your Home Is a Better Option Than Moving
As a homeowner there comes a time when you may outgrow your current house. It may be that your home is not long big enough, or you are unhappy with the way your house looks. You may decide you need to choose between remodeling or moving. You are not alone; according to Wood Floor Business, 55% of homeowners surveyed plan to continue or begin renovations this winter. There are some reasons why remodeling is a better option.
Advantages of Moving
When considering a whole home remodel, there also may be advantages to moving. When you move, you can change your physical location and move to a new place. This new home may better suit your needs. It could be in a better area or in a different part of the country.
Disadvantages of Moving
There are disadvantages of moving over a whole home remodel. You may not be able to find exactly what you want or need. Moving can be stressful, time-consuming, and expensive. When you move, you may not be able to find a more suitable house in your current area. This may mean you have to leave an area that you prefer.
Advantages of Whole Home Remodel
Some advantages to a whole home remodel include developing a remodeling plan to create the exact changes you want. You can select every item that goes into your remodel. You may be able to apply for a home equity loan to pay for the renovations. If you have enough equity in your home, it could pay for an entire remodel. You can stay in an area that you love, which helps avoid the cost of selling and moving.
Disadvantages of Whole Home Remodel
There are also some disadvantages such as running into surprise expenses, which can blow your budget. You'll also want to give consideration to your expected return on investment. In addition, it can be difficult to live in a house during a home remodel.
While there are advantages and disadvantages to both options, remodeling is often a better option. It allows you to stay in your home and create a place you'll love without worrying about finding a new house, packing, and moving.
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