fbpx

Compare Listings

Should You Move or Renovate? Three Things to Consider.

Should You Move or Renovate?

Three Things to Consider Determining if you should buy a new home or fix up your current one isn’t easy. In fact, the decision can be steeped in so much drama they make reality TV shows about it!

So if you’re considering whether to move or improve, here are three things to consider.

1. Will a renovation truly fix what you don’t like about your property?
If you’re tired of a small kitchen, for example, it might not be possible, given the layout, to make it any bigger. On the other hand, if you’re craving a spacious rec room with a cozy fireplace then a renovation could make that happen.

Of course, there are some things you may want that aren’t specific to your house, such as an easier commute or nearby park. Those are features you may only be able to get by moving.

2. How much will a renovation cost? How does that compare to the cost of moving to a new home?

It’s important to get accurate estimates of each so you can make a smart decision. This is where a good REALTOR® can help.

Keep in mind that renovations have a habit of costing more than you originally anticipate. As mentioned earlier, the final result should be a home you want to stay in for quite some time.

3. Beware of compromising versus settling.

Whichever decision you make — renovate or sell — you can expect to have to make at least some compromises. That’s normal.
For example, consider adding an extension to your house. That’s a major renovation. Is it the ideal way to get the extra room you want? Do the benefits of renovating outweigh the benefits of finding a new larger home
designed to include the space you need?

Yes, it’s a tough decision. If you’re in the midst of making it, call today, to get the facts you need to make the best choice for you.

img

Kalmia Hockin

Admin for Robles Real Estate

Related posts

  • News

Renting Vs. Buying a Home

By Dominion Lending Centres Via REW.ca If you are at a point in your life where you are...

Continue reading
by Kalmia Hockin
  • News

Housing Market Activity Reaches Historic Peak Levels

SURREY, BC – Consumer demand for real estate in the Fraser Valley remained robust for the fourth...

Continue reading
by Kalmia Hockin

From Rock-n-Roll to Real Estate – Meet Kelly!

Meet Kelly - our team coordinator and client care manager extraordinaire and former rock singer....

Continue reading
by Kalmia Hockin