Relocate the family or remodel the home
That’s an age-old question, do we relocate our family or do a home remodel?
Many factors can have an influence on that decision.
Whether you are set in your particular home is a matter of emotional and psychological preference. Will my home be more valuable if we remodel or add an addition? Trust Company can help you answer that question.
Maybe you need more space and you love the look of the new construction, but you don’t want to part with your memories. Most of the time it is much cheaper to remodel or add an addition than it is to sell and buy something newer. Incurring all of the fees and commissions. Not to mention having to pack your entire house and then unpack it.
Your location will also play a very big part in the choice, if you love your current neighborhood, it may be difficult to find something that fits your needs.
To help make the decision first start with a pro and con list regarding moving or home remodeling. Kitchen remodels or bath remodels are usually a great place to start. Ask yourself the difficult questions, What do you love about your home? What do you hate? Etc. That list should give you a good basis for comparison. Next, make a list of the home remodeling that you would like to do, and then rate the projects in numerical order that have to be completed in order for you to be happy. Getting an idea of what the remodeling costs will be should help you make your decision.
You also need to educate yourself on the local market and housing prices in your area, are you in a buyer’s or seller’s market. What would a new home cost in the same area?
The final consideration should be access and traffic. Sometimes it’s difficult to imagine how much more congested an area will get with the increase in new home production, but try to be diligent in reviewing roads, schools, commute time and access to favorite shops. There is a great deal to consider when remodeling your home or choosing to move. Reach out to professionals in your area for some helpful advice.
If you want to stay put and tackle a home remodel, call your home remodeling experts at the Trust Company at (951) 225-3754. You can also fill out our contact form.