Should I Remodel My House or Move?

You're relaxing in your living room on a Saturday, appreciating music, when your partner comes out of the restroom and says, "Discovered another crack in our shower tile." You moan. Another thing is wrong with your house. You know you adore it, but some days you have to think, "should we renovate or move?" If this seems like something you're wrestling with, read on to see what homeowners like you should consider when considering hiring a home remodeling contractor in Orlando vs. moving.

What Are You Ready to Upgrade?

No matter what you choose to do, renovate or relocate, there will be upgrades and repairs you'll need to pay for. Even if you decide to buy a new house, there will be restorations your possible new home might require. It's rare for a house inspector not to find things that need tending to, so keep that in mind and consider what you're willing to repair.

A great way to jumpstart this thought process is to go through your home and list everything that needs fixing and what's in excellent shape. Then seriously consider what you're willing to repair in your new house. What if you fall in love with a new home only to discover it needs a new water heater or HVAC unit? Could you spend that in addition to all the additional closing costs and fees?

Suppose you locate a great new house, but the potential buyers of your existing home claim they can't afford the restorations their home inspector suggests. Would you be able to cover that in addition to your closing costs?

As with any house search, you should still look into what others sold their house for in your community and compare it to what your house is presently worth. If neighbors' houses have sold for more, remodeling could provide your home the advantage it needs to keep up.

Study Your Local Market

As with any house search, you should look into what others have sold their house for in your community and compare it to what your dwelling is currently worth. If neighbors' houses have sold for more, remodeling could provide your house the edge it needs to keep up.

If you know your home is not your "forever" home, the remodeling will make it more manageable to sell. The reward is that you can take the time to research lasting remodeling trends so when you're ready to sell, your house will look like it came out of a magazine.

Research the Price of Remodeling

Remember the restoration list we recommended making? Now would be the ideal time to research the cost of those repairs by checking with remodeling firms. The bonus is you'll be able to see what's more thrifty based on the remodeling your home needs. In addition, it would be profitable to look into local building codes and potential HOA restrictions. Finally, after you've begun the remodel, it would be heartbreaking to realize that your home has to be assembled with certain materials or that you can't add the additional footage you desire. Looking into all of this now lets you plan for potential problems. Additionally, this analysis could provide great insight into your remodeling options.

We hope this helps you decide whether you should renovate or move. Call us today if you need a home remodeling contractor in Orlando. We are here for you.