Have you been asking yourself if you should remodel your current home or just move into a new house? Perhaps there are some characteristics of your home that are no longer sufficient for your family. Poorly functioning kitchens, outdated bathrooms, unfinished basements, and a growing family size are some of the common frustrations that homeowners face that give them the itch to question whether or not their home is still a good fit. That leads many to the question – should I remodel my home or move into a new home?
According to a study conducted by Zillow, more than 75% of homeowners would rather invest in remodeling their existing home to meet their changing needs instead of using that cash as a down payment for a new home. Of course, there will be varying budgets, home conditions, and markets that will impact the decision when it comes to determining whether to sell or renovate.
Consider the Following Advantages of Remodeling
Achieve Your Specific Needs with a Remodel
When it comes to remodeling your home, YOU are in charge. You can dictate the style and specifications of what you want completed by working with a professional remodeler. Whereas, moving into a home, you will not be able to choose your style and might find yourself needing to renovate the new home after all.
Utilize Your Home’s Equity to Fund a Home Renovation Project
If you’ve lived in your current home for a while, or paid a good chunk against its principal balance, then you might qualify for a home equity loan so that you don’t have to tap into your savings or wait years to save up.
Avoid Expensive Selling and Moving Costs
Although a whole-house renovation project is not exactly cheap, all of the expenses going into a remodel will be a worthwhile investment. Real estate costs can add up such as realtor commissions, moving costs, temporary housing, and fine tuning the new home to meet your style.
Retain Emotional Attachments to Your Current Residence
Whether it’s the neighborhood, comfort, friends, schools, or just the memories of raising a family, often times homeowners cannot part with their existing home due to emotional attachments. With a remodel, you can stay in the home where you’ve developed so many memories and renovate it to meet your changing needs.
Large Home Improvement Projects Lead to Positive ROI
Not only will upgrading your home allow you to enjoy the new features and style that you’ve been wanting, but can also provide a good return on investment. When the day does come that it’s time to move, a whole house remodel can result in a positive ROI for selling. According to This Old House research and analysis, Kitchen Remodels and Bathroom Remodels provide the best ROI, whereas pools sink to the bottom of the list.
Choosing to Remodel Your Home
Bring home the benefits of hiring a professional home remodeler for your renovation. Harness their skills and knowledge to create a more comfortable home. While it can be tempting to tackle the project on your own, chances are that working with a professional local remodeling contractor is the right way to go. Why stress over all the details of your remodeling project if you don’t have to? At Handy Men & Mrs. Helper Kitchen & Bath, we love helping our clients make their design dreams a reality. Give us a call at (847) 713-2120 today for more information and schedule an no-obligation consultation.