Why You Should Renovate Instead of Move
If you are thinking of moving because your home is in need of repairs, you may want to consider remodeling rather than moving. Renovating an existing home is an ideal option for many families because it is often more budget friendly. There are a few things to consider when you are trying to decide which option is right for you.
Increase the Value
Among the many benefits of renovating your existing home is being able to remain in a neighborhood that you enjoy. Remodeling allows you to change your living space to fit your personal needs while also increasing the overall value of your home. Most families can remain in the home for three years to recoup any investments made in the remodeling process. After several years, you may be able to see a bigger return on your investment when you do decide to sell.
Remodeling allows you to choose the features that you want to add, change or repair. For instance, if you need more space for a growing family, adding an additional bedroom or bath can be the ideal solution. Remodeling can turn a basic home into your dream residence with the right plan in place. Try looking at local homes for inspiration and look at the overall theme in your own neighborhood to determine which features need the most attention in your home. Keep in mind the homes with updated kitchens, baths and flooring often offer the biggest investment returns.
Renovation may not be as difficult as you think. Planning the remodeling process before getting started will ensure you have a basic idea of the amount of time needed to complete the project and the amount you need to budget. You should also consider using a company such as Lakewood WA storage units to keep your personal belongings clean and secure during the renovation.
Remodeling one room, or adding a room to the home, can take less than a few weeks and will improve your living space dramatically. Even the simplest renovations, such as adding new hardware to cabinets and repainting the home, can make a big difference in the overall look of your home. Not only are these small steps better for the budget, they also work to improve the selling price of your home in the future. Renovating rather than moving is often the best choice for families who want to remain in their neighborhood and who want to increase the value of their home.