North Georgia home remodeling expert Tracy Tesmer takes a look at the age old question: should homeowners remodel their homes or purchase a new home?
Should I Remodel or Purchase a New Home?
After performing countless home remodels, home renovations and home additions throughout North Georgia and the surrounding areas, we can’t tell you how many times we have been asked whether it makes more sense to undertake a remodeling project or to purchase a new house. The answer, as you might suspect, really depends on the homeowners’ needs, desires and reasons for wanting to change their living situation. From a personal stance, however, we always think it is best to stay put – and there are many compelling reasons why we have that opinion.
Benefits of a Home Remodel versus Purchase
For us, one of the biggest benefits of remodeling your home instead of purchasing a new one is a simple one: you have spent so many years in your house, building memories, that it would be a shame to leave all of that behind. Often times, the reason why you want to move to a new house is because your current residence no longer suits your needs. This can be for a variety of reasons, including the addition of more space as your family grows or needing a more accessible living space as you or your loved ones age.
Fortunately, most of these issues can be resolved by undertaking a remodel or renovation. If your home does not have enough space, you can always add a home addition, such as another bedroom, bathroom or en suite. To resolve the issue of accessibility for aging homeowners, a little home TLC focusing on universal design or age-in-place design can ensure that every inch of your home is usable no matter your age or ability level.
Another reason why a home remodel is often better than a new construction or a new home purchase has to do with budget. Even large home projects like complete kitchen renovations or home additions are often far less costly than buying a new house. At the same time, you will be adding to the value of your home, so that when it does become time to finally move (if that time ever does come), your house will be worth more money.
Finally, moving is a very stressful process. From finding a new home and getting approved for a mortgage to packing up your current residence and selling your house, moving can be a major stressor. Add to that the fact that you will likely be moving to a new neighborhood and leaving old comforts – and friends – behind, and you can easily see the appeal of staying put and adding a few more custom touches to your current living quarters.
Home Remodeling in North Georgia
Have more questions about remodeling your home versus purchasing a new one? Want to learn more about the renovation process? Give North Georgia’s best home remodeler and design/build firm a call and see how we can help make your house a home!