Factors to consider when choosing between renovation and buying a new home
When it comes to the choice between renovating your home or buying a new home, there are pros and cons for each. Giving some thought to the reasons for a change will help guide your decision.
If there simply isn’t enough space where you’re living and no amount of change will fix that, then moving house may be the best way forward. If you’re dealing with something over which you have no control, like living in a noisy area or on a busy street, you might be happier with a move.
On the other hand, if you love the location, neighbours and/or amenities, or if house prices in your area are going up, these are good reasons to stay and renovate. As long as there is room for improvement in your current home, then contacting a home renovation contractor is the next step.
Types of changes to consider:
Change of Function–As families grow and evolve so too can your house evolve to meet their needs. Rooms designed for one function can be redesigned to serve another function. For example, as children grow, their playroom can be turned into a gym or games room. Areas of the home can be made more accessible for aging or disabled members of the household.
Updates–If you live in an older home, it will feel unnecessarily dated. Updating things like the wallpaper, windows, flooring, and cabinetry will give your home a completely new look and feel.
Repair–A whole home renovation allows for repairs to be made in many rooms. Maybe the flooring needs repair everywhere, or walls need repair throughout the house or plumbing or electrical fixtures need updating. Even basic changes like this can make a big difference in everyday life.
Whole home renovation–This can satisfy your need for a major design change using your own style or your favourite look. The beauty of a whole home renovation is you can do it in stages as your budget allows, without losing that cohesive, put-together look. A whole home renovation will almost always be cheaper than moving to a bigger more expensive home. Plus you have the added advantage of getting exactly what you want.
