As your family grows in both number and size over the years, you might find yourself suddenly realizing that your home is no longer big enough to adequately meet your needs.
In order to increase the amount of space your growing family has at its disposal, you might be considering either remodeling your current home or moving to a larger one.
However, in order to make the best decision for your particular situation, there are a number of things you are going to want to consider.
Before you decide on the best choice for your family, let’s dive in and take a closer look at each option.
The Case for Remodeling
Remodeling is great for families who are very happy in their current location. If you decide to go the route of the remodel, you will be able to keep the same neighbors and your kids will be able to stay in the same school district.
This is a huge selling point for families that have planted deep roots in their communities. It is also worth pointing out that staying put will allow you to maintain your normal routine including the route you take in driving to work and visiting all of your favorite local stores and restaurants.
The remodeling option also offers the advantage of allowing you to preserve the years of family memories that you have likely accumulated in your existing home. Leaving a home that is filled with these memories can be one of the most difficult aspects of moving for many people.
Of course, the biggest advantage of remodeling is simply the fact that you won’t have to pack up all of your stuff and move it! Staying in the same location means that you can put off cleaning out the basement and the shed for a few more years!
The Case for Relocating
One of the biggest advantages of relocating instead of remodeling is that you will not have to endure living in a home that is under construction.
If you have ever experienced the frustrations that accompany a home remodel, you should be wary because almost everyone underestimates how much of an inconvenience the construction process will be. Those frustrations will get even worse when the project inevitably runs late and comes in over budget.
Choosing to relocate opens up the possibility that you might find your dream home at just the right price. You might even find that dream home nearby, which would let you stay in the same community if that is important to you.
You never know, you might also find an empty lot where you could build your dream house from the ground up. !This would allow you to customize just about any aspect of the home you like.
The bottom line with relocating is that you never really know what options are available to you until you actually start to look. For that reason, it usually makes sense to speak with a local real estate agent before committing to anything.
While there are pros and cons to both options, the major deciding factor for many families is the budget. Depending on the type of remodeling project you are planning or the size of the home you are interested in moving into, the amount can vary tremendously.
Before you decide one way or another, you will need to weigh the cost of each option against the advantages offered by each solution and then decide what is best for your family.
Your local Carrington Real Estate Services agent can help you explore what remodeling or relocation options are available to you. Get in touch with a Carrington Agent today by calling (877) 330-2773!