Is It Cheaper To Move Or Remodel Your Existing Home?
Do you really need to move, or is your dream home right under your nose?
Now that home prices are finally starting to rise, you may be considering selling your house and upgrading to a new one with a little more space. Maybe you’ve welcomed a new bundle of joy in the world and need a nursery, are craving a home office, or have been dreaming of a spacious, luxury kitchen forever.
Before you start cleaning up the garage and hammering a “For Sale” sign into the front lawn, consider if a simple remodel could turn your existing home into your dream home.
If the main reason you want to move is to add more space or upgrade the amenities of your home, then you may not need to move at all. It could be substantially cheaper and more efficient to have a remodeling company come in and make the changes you want to your existing home.
You might be surprised at just how much a good remodeling company can accomplish. A remodeling company can completely reconfigure your kitchen or even build out your kitchen so that it is larger. They can create a luxury master bathroom, build on a room addition and make any number of structural changes to your home.
Moving can be incredibly costly, even in today’s market. Moving into a larger house probably means a bigger mortgage. You’ll also have to pay big closing costs and give a chunk of your selling cost to your realtor. Don’t forget that you’ll have to get your new home inspected and probably pay a moving company to transfer all of your belongings to the new house.
Besides just the cost, you’ll also have to worry about the hassle of moving. You’ll likely want to try and time things just perfectly so that you can sell your old house and move right into your new house. If you play it safe and sell your old house first, you may find yourself living in a motel or other temporary housing until you can move into a new house. The alternative is moving first and then selling your old house, which could put you on the hook for two mortgage payments a month with no guarantee of when the house will sell. There’s there the packing and unpacking, meeting all the new neighbors, replanting your garden, etc…
A remodel will also be a little disruptive to your life, but not nearly to the degree of moving into a whole new home. You also won’t have to worry about packing and unpacking everything, saying goodbye to your neighbors and getting used to living in a new location.
Turn your existing home into the home you’ve always dreamed of and save loads of money in the process. At Best-Rate Remodel, we want to hear about your dream home. Tell us your vision, and we can assess your existing home and tell you what we can reasonably accomplish. You might be surprised at how affordable it is.
We provide home remodels in San Diego County, Orange County and Riverside County.