Deciding Whether To Renovate or To Relocate

If only it’s easy to put your home in the “to give” box when it no longer suits your taste. Unlike our clothes and other personal items that we can give away to others, the decision to leave our homes cannot be done with a simple wave of the hand. The dilemma of most homeowners when their homes lose their groove is having to make the decision to renovate or to relocate. In both cases, the homeowner will have to shell out a considerable amount of money. Yet, choosing one over the other has some pros and cons too. Knowing what these pros and cons will make it easy for you to decide whether to renovate or to relocate.

to renovate or to relocate

Comparing a renovation versus a relocation on equal terms would
most likely give you more affordable figures for a renovation.

Renovating lets you keep memories. Call it sentimental, but there are people who just cannot let go of their homes because of all the memories they hold dear. When you just cannot let go of the place where you had all your children or where you built your first porch, you just have to go for a renovation. Contact an architect, a builder, and a decorator to discuss your plans. You can even have your new structure built around your “special places” like the porch with your children’s footprints or the post with all your children’s height measurements.

Renovating gives you a home to hand down to the next generation. There are some people who buy their homes with the intention of living in it for the rest of their lives and then handing it down to their children and grandchildren. When things get to be quite drab, they will not find it easy to just drop everything and move to another place to call home. Perhaps installing new wall paper or building a new addition would freshen up the home’s interior. Rearranging your furniture or reupholstering your existing furniture could also be a less costly option for people who would like to keep their homes but are looking for something new and fresh to look at. The downside to this, however, is that you have to be ready for the upkeep costs of maintaining an old home.

Renovating can be cheaper. While some might argue that buying a smaller house might cost less than renovating a big house, comparing a renovation versus a relocation on equal terms would most likely give you more affordable figures for a renovation. This also makes it easier for you to control your costs. If you cannot afford it, you can actually do your renovation in phases by doing each room one after the other. This allows you to match your project expense with your cash flow. The decision to renovate or to relocate will have to be made by balancing practicality, aesthetics, and convenience – oh, and yes, maybe just a little sentimentality.

Image Credit:
Twobee – FreeDigitalPhotos.Net

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