Sometimes we look around our homes and think, “this is just not doing it for me anymore.” We’re tired of looking at the same old style and design, and we can’t stand to look at the color scheme on your walls anymore. The existing kitchen or bathroom layout seems to be more than you think you can handle. What once felt fresh and exciting now feels drab and outdated.
In these moments it’s tempting to think about moving somewhere entirely new that would have the perfect kitchen or bathroom, but inevitably, you will find that the new home will never have exactly what you are looking for. Therefore, there will still be many things that you will need to do in order to make the new home feel like your own. You may still need to consider the updates that you will need to make, new light fixtures, new color scheme and ultimately, new furniture because the old furniture may not work well in the new space. In addition, you need to consider the moving expenses and the time it will take to get everything transferred over to the new place and your kids may need to change schools.
However, if you dig a little deeper, you might find that giving your home a face lift in the form of a renovation project may provide you and your family with everything that you we relooking for without changing your address or your kids schools.
Location, Location, Location
Another important factor when considering whether to move or remodel in Dallas is how you feel about your neighborhood, how do the kids feel about moving to a new school and making new friends, or how long do you plan to stay there. If you’ve grown attached to your community and the nearby businesses, then there’s no better option than investing in renovation. Doing so will give you the home you desire while increasing its overall value in the neighborhood you love.
If you’ve grown weary of your neighborhood and are eager for a change, however, then it doesn’t make a lot of sense to put time and money into a house when the location is the real problem.
Consider the Costs
It’s no secret that an upmarket renovation project can do a number on your pocket book. But when looking at the cost of each, it’s important to weigh the true value hidden behind those costs. Maybe an entire home remodeling job will set you back more in the short-term than making new mortgage payments, but what about the long-term value? All of those construction costs up front can feel like a big hit, but in the long run it will pay off by increasing the value of your home.
Focus on Value
When you’re thinking about buying vs. renovating, everyone’s needs are different. What might be costly for one family could turn out to be invaluable in the long term for another. That’s why it’s important to weigh all of the factors in the big picture.
If your home is in a neighborhood you love, a community you’re connected to, and has a layout that works for you, then the cost of renovation is a small price to pay for the value it will bring you in the years to come.