These days, many families find themselves in a position where their current home simply doesn’t meet their needs, currently or their future needs. Maybe there aren’t enough bedrooms or bathrooms. Maybe it’s the kitchen that’s too small and hopelessly outdated. Your layout may not fit your personal style. Your home may be no longer be as desirable as it once was.
If you do find yourself in this situation, what’s your next move? Well, you have three options:
- remodel your current home
- move to a home in a new neighborhood that better suits your needs
- design and build a new home
Each option has its own set of pros and cons and your family must consider all of them and their nuances before making such an important decision. The accompanying infographic, Renovate, Move or Build a New Home?, offers a brief list of factors to consider before choosing. Things to consider include your budget, emotional ties to your neighborhood and home, the current real estate market, your tolerance of inconvenience, the amount of available free time, and more.
It all comes down to a balancing act. You must weigh your desire for what you want against your ability to pay for it. A serious consideration of the infographic’s reasons for choosing one
option over the other will help you decide which way to go in pursuit of your dream home. Check it out — the advice is sure to help you hit a home run!