Introduction
As time passes and your needs change, you begin to feel like a stranger in your own home. While it used to be the perfect fit ten to twenty years ago, it no longer meets the requirements. The question, then, arises whether it’d be better to renovate or simply move into a new rental or purchase. From area considerations to raised market value to budget and everything else in between, let’s take a look at all the advantages and disadvantages of both situations and help you make an informed decision.
Perks And Pros Of Home Remodeling
Home remodeling can be a rewarding experience, with things like added property value and increased comfort that make it worthwhile.
Let’s take a look at all the advantages of staying put and investing in a home remodeling service
- Raised Property Value
On average, experts agree that home renovations can have an ROI of about 70% if done correctly. Especially if your target area is your bathroom or kitchen. In addition, investing in a home extension is also a profitable venture, and the extra square footage also raises the curb appeal of your property.
- Increased Comfort
Following that line of thought, by fixing issues like outdated electrical and plumbing systems or adding more space to your home, you will undoubtedly be more comfortable. So, if the ultimate goal is comfort, home remodeling all the way.
- Beautiful Aesthetics
A tasteful home remodel, especially if it’s done by a skilled professional, can make your tired and worn house look brand new. You can upgrade the siding, add trim and molding, and even invest in stylish, ambient lighting; whatever you decide, if done correctly, will raise the charm of your home, making the remodel a worthwhile investment.
- Improved Efficiency
Next, a home remodel doesn’t just have to be for aesthetic purposes; it can also improve the functionality of your property. Older wiring can be replaced with more energy-efficient ones, and investing in a roof renovation can enhance the performance of your insulation. So, if efficiency is what you’re interested in, then a home remodeling service wins hands down.
- Embracing Lifestyle Changes
Next, if you want your home to shelter you as you grow older, a home remodel can do that too. Invest in accessibility features like ramps for wheelchairs, lower sinks and light switches, and even wider doorways that make getting around the house and reaching for things that much easier.
- Memories & Neighborhood
A home that you’ve grown up in or even lived in for a few years—holds countless memories that can be hard to let go of. If you simply opt for a home renovation instead of moving to a new house, you can hold on to those precious memories forever. Similarly, if you’re surrounded by family and friends where you currently live, then staying right where you are and making necessary changes to your accommodations is a much more palatable option.
Cons: Why Home Remodeling Might Not Be Such A Good Idea
While home remodeling can be the solution to so many problems, it does have its downside. From cost to unexpected complications and everything else in between, here’s a look at some of the disadvantages of going through a home remodel
Keep reading to learn why it might be better to just move.
- Too Much Time
Remodeling isn’t something that can happen overnight. It takes weeks, even months, to complete, and during this time, you need to adjust to all the noise and strangers coming in and out of your home. If the remodel is extensive, it might be impossible to stay at your home during the process, and you might even have to rent a temporary space or move in with friends and family. If the disruption to your life and the long months of waiting aren’t your cup of tea, then simply moving into a new home would be a better option.
- Permits & Regulations
Next, any kind of extensive home remodel requires legalization to meet safety and building codes, and those can take an even longer time and require fees. If this seems like too much of a hassle, then packing up your stuff and setting roots in a new house is better than staying and going through the paperwork.
- Costs & Expenses
While remodeling a home is not as expensive as buying one, it can still be quite costly. If you find that your remodeling project is adding up to too many dollars and it’d simply be better to relocate and invest that money in a new property that doesn’t require improvements, then that’s the route you should take.
- Unexpected Complications
Sometimes, when we’re picturing redoing the plumbing and electrical systems of our home, we don’t consider any complications. Maybe you discover that the foundations are compromised or that your current home doesn’t support certain upgrades while the renovation work is in progress. If you think that your house is too old and many complications can arise, then it’s better to just move instead of getting into months of headaches.
Conclusion:
Selecting between home remodeling and moving into a new home is a difficult decision that every homeowner needs to make at some point in their life, and no one answer is right for everyone. From emotional attachments to budgeting considerations and everything else in between, there’s a lot to think about. Read, consider, and choose wisely if you ever find yourself in this situation.
FAQs
What is the most expensive type of home remodeling?
Remodeling your kitchen or bathroom or investing in room additions is typically the most costly.
What permits are needed for home remodeling?
Depending on your project, you may need electrical, plumbing, gas, and even building permits
How much does a home remodel cost?
Depending on your project, the price tag can be anywhere between $20000 and $100000
