Should I Move or Remodel?

Do you feel like you've outgrown your home? Maybe you need a change of scenery, or you just want to hit the reset button. Deciding whether to buy a new home or stay put and remodel can be difficult.

Here's a simple framework from our team to help you decide which option suits you best.

1. Budget

Start with what you're willing and able to spend. Would a mortgage on a new home make more sense, or does using savings or a home equity loan for renovations better fit your finances? Don't forget the costs of moving itself, including closing costs, agent fees and moving expenses. Our guide to financing a home remodel can help.

2. More Space or More Rooms?

Think about what you really need. A young, growing family may need more bedrooms, which can point toward a move. But if your kids are older and the home just feels cramped, an addition, open floor plan or finished basement could give you the space you need.

3. Timeline

Homeowners often overlook timing. A kitchen remodel can mean living without key appliances for a while, while a move can mean living out of boxes or in temporary housing. Consider which disruption fits your life better.

4. Return on Investment

Look at the value a remodel could add. Will it improve curb appeal, add square footage or bring outdated spaces up to date so your home sells for more later? Learn more in how to get the best ROI on your remodel.

5. Emotional Attachment

Finally, think about your neighbors, your location and how much your home means to you. Many homeowners who love their neighborhood find that remodeling lets them keep everything they love while fixing what isn't working.

Still Can't Decide?

For more perspective, read should you move or remodel and Remodeling: A Sustainable Approach. Our team can help you create a clear vision for your home's future.

Let's talk about your options. Call Tracy Tesmer Design and Remodeling at 678-450-1700 or contact us today.