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Author Topic: Remodel or move?  (Read 1524 times)

Offline Marielle Holmes

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Remodel or move?
« on: June 24, 2015, 01:52:06 AM »
Families are dynamic, over the years a family will go through many changes. There might be new additions. Some may eventually move out. Grandparents with certain needs may eventually move in. Unlike your family, your home is not dynamic, it doesn’t grow or adapt to meet your family’s changing needs. Unless not on its own. There may come a time when you need to decide whether it’s time to move into a new home, or make some big changing to your current one. Here are some questions to consider to help you make this all-important decision.

How long are you planning to live in the area?

The first question you should probably ask yourself when debating between moving and remodeling is how long you plan to stay in the area. If you’re likely to move in the next few years, purchasing a new home in that area might be a poor decision. Likewise, doing extensive remodeling on your home may be a poor use of money. Your best bet would be to focus on smaller scale remodeling projects with a high return on investment so you recoup costs when you do sell.

If you plan on retiring and aging in the community you live in, then you’ll want to consider these next questions carefully.

What makes you want to stay?

Consider the pros and cons of the home you live in now. Do you live in a great neighborhood with friendly neighbors? Do you live near a school or playground that your children love? These are the types of things you can’t take with you when you move. If you’re in love with the neighborhood, remodeling might be the better solution. If you’re not crazy about the neighborhood, that might make your decision easier.

What are the current and future needs of your family?

One of the most important questions to ask yourself is what your family needs now and in the future. Do you have toddlers or teenagers? Will you age in the home or will parents or parents-in-law come to live in the home? Asking these questions will help you determine whether it’s better to move or to remodel.

How are you using the space you have now?

If your home isn’t meeting your family’s needs, the next question you need to ask is whether you can better use the space you already have. If you have a formal dining room or living room that you never use, for instance, and young children with not enough room to play, you can convert this unused space into a playroom. If there are more effective ways to use your space, a remodel might be better than moving.

Which will be more cost effective?

After answering all of the previous questions, you’re reading to think about cost. Based on your family’s current and future needs, you can begin to calculate what it would cost to make the needed remodels and compare that to the cost of purchasing a home that already has all of the things your family needs.

This is not an original content but reproduced from the Source: cincinnati.com/story/news/local/community-news/2015/06/16/column-modify-move-things-consider-summer-remodel/28810307/
« Last Edit: July 24, 2015, 09:05:37 AM by admin »

Offline MarcioWilges

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Re: Remodel or move?
« Reply #1 on: October 07, 2015, 11:44:16 PM »
When you first move into your home, you can't imagine leaving it for a long while yet, but you know what, it's pretty inevitable. People move around so easily these days, to upgrade or downgrade or just to try a different neighbour. It's important to look at the long term prospects of your current home and its resellability precisely for this matter even if you swear that you won't move at all!

Offline MelBrandle

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Re: Remodel or move?
« Reply #2 on: February 25, 2016, 02:10:26 AM »
I personally would rather remodel than move. This is because you can customize the features of your existing house according to your needs and preferences. However, if you move to a new house, you might have to remodel again if you are not satisfied with the interior or facilities like storage areas, kitchen layout, and so on.

Offline kathyice

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Re: Remodel or move?
« Reply #3 on: June 20, 2016, 12:39:43 AM »
Rather than moving, I would like to renovate my home. Home renovation is quite tedious task but it is very interesting. Few days back one of my friend had done it. One thing I liked the most is potable building he installed from https://www.keensbuildings.com/ . It is very comfortable and easy to use.

Offline pamelasmith

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Re: Remodel or move?
« Reply #4 on: July 23, 2016, 03:35:16 AM »
When you first move into your home, you can't imagine leaving it for a long while yet, but you know what, it's pretty inevitable. People move around so easily these days, to upgrade or downgrade or just to try a different neighbour. It's important to look at the long term prospects of your current home and its resellability precisely for this matter even if you swear that you won't move at all!

Remodeling is the best way to change a residential structure into a sweet home.