Upgrade Your Home – Renovate or Move?

Change is something that everyone needs a few times in their life, and with the ever-changing trends in interior decorating, the desire to upgrade your home, or even start with a new, different house comes more often than not. It is important to be in a space that you love and enjoy, however, that space also has the potential to come with a hefty price tag.

Renovating and moving can both be two very expensive endeavours that both include a lot of work, money, and time. When you want to create a new space, whether it from scratch or from what you currently have, you have to consider both the advantages and disadvantages of both options.

Let’s take a look at the advantages that come with the choice to move into a completely new house. You get to take a house and completely make it your own—just like a piece of clay you get to mold into something interesting and beautiful. This allows you to create new spaces in every room and in every aspect of a house, from common areas to the intimacy of your own bedroom. It gives you the opportunity to do a big clean-out of all of your belongings and get rid of things and start over with your organization as well. It is a great time to get creative and start a new chapter of your life.

However, with advantages come disadvantages. The expense of moving is one disadvantage that is easily a deal-breaker for those making the decision to renovate or move. To embark on the journey of moving into a new house, you first have to hire a realtor, put your house on the market, invest in ways to increase appraisal amounts of your current house, and then find a house that is in your desired price range. You have to constantly keep your current house clean and be aware of the comings and goings of people interested in purchasing your house at showings from the realtor.

Renovating also comes with both advantages and disadvantages. If you are looking for a cheaper route, renovating isn’t exactly free or cheap, but it can save you money in the long run, and adds an investment to your house that can only increase your appraisal amount for when you do decide to move. It can be easier to get finance for renovating your home. Renovating allows you to focus on one space at a time and it also gives you a foundation to build upon and to improve, instead of starting from scratch. You also don’t face the hassle of moving your entire house, however, you may have to move a few rooms at a time.

While renovating can be the more affordable route, it also comes with a hefty price tag. You also have to make sure that you have the resources to make your renovation happen, which includes the right contractors and other staff that can carry out your renovation plans. Renovating can also be an inconvenience to you while you live in your home, and it can take a lot of time to recover from renovating.

No matter what decision you make in the choice of upgrading your home, there are pros and cons to both choices. It all depends on what is more important to you—time, money, convenience, or creativity. The choice is yours.


Feature photo credit: Werner Kunz via photopin cc

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