The decision to move can have significant consequences for the entire family. However, in many cases, a move to a different home is actually easier than putting your home – and your family – through a long remodel.
With the help of a competent and professional real estate company, searching for a new home can be fun and easy. If you’re still on the fence about whether or not to pack it in or put in the elbow grease for a remodel, consider these 5 factors.
You Need More Space – But Do You Have Space?
The children in your family may be at an age that demands more bedroom space or you may be considering taking an aging parent into your home that will require a change – aka addition – in living space.
Generally, remodeling is considered to be a financially desirable way to add more space to your living situation at a price that will increase the value of your property, but this increase is not always the case. The remodel project may provide no net gain or you may not actually have room for the remodel that you really need. If expanding your home on your lot is not possible or building upward is not financially feasible, it may be time for you to consider a move to a different home.
Educational Opportunities
Some families find that their children need a different kind of school or a neighborhood that is more child-friendly. In this case, no remodeling job can solve the problem, and the move to a new housing situation can be the best choice for the family.
The Neighborhood Limits Your Return
In many cases, the predominant style and value of homes in your neighborhood can limit the amount of return you are likely to get on your remodeling project. Putting on a pricey second story, a large addition or other unusual project can make your home the white elephant in an otherwise average neighborhood. Although you may not like having this consideration limit your remodeling choices, it can have a significant effect on your return on investment.
It’s Time to Downsize
Many homeowners reach a certain age and begin to consider downsizing, either for financial reasons or because they feel they can no longer keep up the property as it requires. Since you cannot “trim down” a house, you need to start looking at a property that is easier to care for with cheaper maintenance needs. A townhome or condominium may fill your housing needs better at this time of life.
Construction is Disruptive
Many homeowners who have previously lived in homes that have undergone renovation or remodeling may dread the disruption and mess that often comes with these projects. Is the mess, strangers working on your property and the responsibility of overseeing tasks performed worth the time and money? Finding a more suitable living arrangement is much easier than the months-long disruption of remodeling.
If a relocation is the right move for you and your family, reach out to a First Team agent nearby to make the transition smooth and painless. Search for an agent near you online or let us do the searching for you.
This guest post is written by Rachelle Wilber, a freelance writer living in the San Diego area. She graduated from San Diego State University with her BA in Journalism and Media Studies. When she isn’t on her porch writing in the sun, you can find her shopping, at the beach, or at the gym. Follow her on twitter @RachelleWilber. Informational credit to myfloridabesthomes.com
