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It’s the age-old question that’s inspired television shows like Love It Or List It: “Should we renovate and stay in our current house or move into something new?”
Naturally, most people are attached to the homes they’ve been living in, while others are looking for a much-needed change. If you find yourself in between the two, there are some questions you should ask yourself.
What’s The Most Budget-Friendly Option?
For most people, housing decisions always loop back to finances. If you’re relatively content with your current house and it only needs some minor, affordable changes than perhaps it might make sense to stay put.
On the other hand, if your current house doesn’t meet your needs or renovating it would cost more than simply buying something that’s a better fit, it might be time to move on.
Is A Move Required To Escape Problems?
Sometimes, the house isn’t the ultimate problem. Noisy neighbors, a small property, busy street, or sub-par schooling option might all necessitate a move.
Renovations might fix the home, but they can’t possibly fix all the external problems. If you find this to be your situation, a move might be the best option.
Could Your Current House Be Your Dream Home?
Homes come with a lot of memories, so if you think you’ll always have a soft spot for your house, you’ll likely lean towards renovations instead of buying something new.
If you don’t want to say goodbye to a house that’s served you well for years, then maybe you can get the best of both worlds by doing some renovations. Employ an expert interior designer or landscape architect to help you get the most out of your property. They might be able to help you see possibilities you never even considered!
Ask yourself these questions and you’ll likely find the answer to the renovating vs. moving debate.