Renovate or Move - How to decide?

No big decision is easy, and there is no guarantee about where your choices will take you. It gets challenging when what you are about to do involves significant financial investments. But even not acting is a kind of choice with consequences. When making real estate and renovation decisions, you must ask yourself some questions. The answers to the following questions will help you determine whether it is better to renovate or move.

What is the reason you are considering to renovate or move?

When considering renovation or relocation, you first need to establish the reason behind it. Do you want more space? Redecorating might not be able to help you with that as relocation would. Are you bored with your home’s décor, whereas you like everything else? That would make renovation a much better choice than moving because a new home might lack something you were pretty satisfied with at your old one. If your dissatisfaction stems from your lousy neighborhood, the remodeling will do nothing to improve your life. If you are unsure whether you want to move just now but crave a change, opt for renovation. Focus on making modifications that are known to add value to your home. So, should you decide to move, your renovation will be a good investment.

Are you ready to go through one of these processes, and which one is less repulsive?

Both moving and refurbishing will take you on a ride that will be pretty tedious and even unbearable at times. Some people, especially those with health issues, find the process of moving quite stressful. Others may have busy lives and cannot afford to live in the state of chaos that relocation sometimes brings. Also, renovation requires a lot of dealing with workers, which can be a bit exhausting. Not to mention the procedures for getting a loan. The truth is, with good organization, one can overcome these issues easily. If you want to keep your stuff safe and know where everything is during your relocation, you can put your items in storage. Hiring a reputable architect and a renovation company could help you avoid all the stress and worries about renovating. Many problems are solvable with good planning, but you must prepare well. Be aware of what you are getting into and whether that is acceptable for you.

Which option of the two is more feasible?

Wishes are one thing, but the reality is something altogether different. Before you go down the rabbit hole of real estate-related investments, make a calculation first. Check out your savings and see how that relates to the investment you are about to make. Analyze the situation in the real estate market. Is it a good time to sell and buy? Renovation might mean you need to acquire some permits. Will you be able to do that? Are you eligible for a loan? Do a feasibility study of your options. It would be best if you did extensive research to determine as precisely as possible how much the whole thing will cost you. That will help you make a good decision and avoid nasty surprises once you start working on it.

Caption: Make calculations that will tell you how much the options you are considering will cost you and whether you can afford them.

Alt-text: A woman doing a calculation by using a calculator.

Is it a good moment for you and your family to move?

One very important factor to consider is what the relocation will change in your life and the lives of your family members. Ask yourself if this is a good moment to move. How will the relocation affect your children, your spouse, or even you? If you are relocating to a new town, will you be fine with not being able to see your friends often and changing a job? On the other hand, if you are considering moving closer to your family, maybe that will make you happier than renovation. The experts from allstatemoving.net that relocate families daily say they witnessed a lot of people experiencing true happiness when moving back to their old town. It is a good idea to have an honest conversation with your family where everyone gets to speak their mind. After all, you are a team, and you are all in this together, so this decision should be made as a joint effort.

Caption: Every big decision made in your family affects all its members, so include them in the decision-making process.

Alt-text: A family talking to a real estate agent.

What is your heart telling you?

Finally, in all this mess of prudent choices and rational thinking, stop for a second to hear what your heart has to say about it. Homes are not just walls and furniture. They are the keepers of your memories and silent witnesses of the past years of your life. Only you know what that home means to you, no matter how many better ones are out there. When you decide that moving is the best option for you, will you be able to say goodbye to your old home? It is one thing to determine that it would be best for you to move from a small town to a metropolis, but will you be happy with changing your life completely?

Sometimes the reason for moving is bad memories that we come to associate with the home we live in. Many people sell their properties after a divorce or the death of a family member, usually rushing the process and subsequently getting a lower price than what it is actually worth. That kind of mistake is understandable, but there are other ways to move on after a tragedy. For example, a thorough remodeling of the home will make it feel like new. Unless a whole city is causing you emotional pain in one way or another, renovation might be a great new start for you. Wiping the slate clean, if you will.

Caption: When deciding whether to renovate or move, consult your heart as well.

Alt-text: A man covering his face with his hands while in front of an open trunk. 

Conclusion

Deciding whether to renovate or move and not regretting it, apparently requires some in-depth contemplation. Ultimately, colossal decisions call for colossal thinking, and we all know every effort pays off. So make some effort by answering the above-mentioned questions and getting the information you need, and you will surely make the right choice.

Meta description: If you are struggling to decide whether you should renovate or move, here are the questions that will help you make the right choice.

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