As a homeowner in Indiana, chances are there will come a point in your life where a major life change–such as getting married, having children, or retiring–causes you to think about whether or not your current home is suitable for you and your family’s needs. When this time comes, you may wonder which is better: selling your home and moving to a new one or remodeling your current home? As you consider the question of whether to relocate or remodel, consider some of the key factors that will influence your decision about staying or moving–
While selling your home and moving to a new one will mean familiar financing options, note that most of the time, moving is much more expensive than is remodeling. On a square-foot basis when all other factors are similar–such as location and size–the cost of remodeling your home will generally be less than the market price of an existing home.
If you love your neighborhood, remodeling may be an easy decision – why would you want to move to a new place where you don’t know the neighbors, aren’t sure what the schools are like and don’t have the same level of familiarity that you currently enjoy? And it’s not just about the neighborhood – if you’ve lived in the same house for a while, you’ve come to understand all there is to know about it, from its nooks and crannies to how to jiggle the light switch when it appears there’s a lack of power to what the state of the water heater is and more. While it can be exciting, and may indeed be what you’re looking for, moving to a new home will mean a lot of unfamiliarities, which can be stressful.
In addition to just thinking about what you want and how much you can afford, it’s also important to consider the logistics associated with a move vs. a remodel. One of the benefits of a move is that you won’t have to deal with construction; one of the disadvantages is that you’ll have to pack up your entire home and relocate all of your personal items, which can be a logistical nightmare.
When it comes to remodeling or relocation, the choice is up to you. Before you make your decision, though, it’s important to consider all information available. At Doppler Construction, Inc., we can answer all of your home remodeling questions and provide you with a free estimate. To learn more, please reach out to our team directly or by phone to get started.
If you have questions or would like a free estimate we’d love to hear from you. Call us today at 219-661-1011 to see what Doppler Construction can do for you and your family.