Your house has become a little small, home remodel or move?
Your home feels a little outdated, home remodel or move?
You are a new empty nester, home remodel or move?
Here are some questions for you but questions that might need answered sooner than you think. Believe it or not, the subject is so important in a typical American family life that there are books about it and it’s probably the subject of social studies.
When to consider home remodel over new house?
What are the different circumstances that you will encounter in life that will make you pause and think about what you want or need to do regarding your primary residence?
- You bought a 1 bedroom / 1 bath, nice bachelor pad, big enough for entertaining, then you got married and now baby number 1 is on the way.
- You bought a 2 bedrooms / 2 baths, plenty big for a family of 3, then baby 2 came along
- Your house is big enough for a family of 4, until the kids become teenagers with all the “toys’ that go with it.
- The children are grown and gone, the house feels empty, too big, seems like wasted space.
- It’s a good thing you kept your home after the children left the nest: your parents or in-laws are moving in because they need taken care of.
How to choose between a home remodel or a move?
In the end the decision is yours, it’s all about return on investment.
Moving costs a lot of money and that money doesn’t generate the potential for an investment. A home remodel on the other hand, if well planned and executed properly, will increase the value of your home and will be a good investment.
Once a year, Remodeling Magazine and The National Association of Realtors conduct and publish a survey on the best return on investment for different home improvement projects.
Depending on the median value of the homes in your neighborhood, it may not be wise to be too high above the most expensive home of the lot. Whether you are planning a room addition, a kitchen remodeling or a patio extension, do your homework and do not go overboard. You never want to be upside-down on your mortgage if there is a new crisis in a housing market.
Moving or renovating mostly depends on what is right for you and your family. It also depends on the extent of what is needed. And which hassle you’re rather have to manage: weeks of construction and crews in your house (but ultimately the exact features you want), or house hunting, waiting for closing, packing and unpacking (and still, the potential of things to fix, unless you buy a new construction).
Many changes can occur in life and there are many reasons why you would want to move because it seems a better idea than going through a home remodel. Yet, remodeling is not necessarily much more expensive than just up and moving, and improvement of any kind will increase your home value and your equity.
As a full-service construction and remodeling company in San Diego, Collom Construction possess the resources necessary for a successful project. We deliver products of quality craftsmanship and work with you to meet your needs and respect your budget.
Give them a call today to set up an appointment for a free quote