To
make the best remodel or move
decision, it is important to understand all the reasons that you have
to remodel and all the reasons that you have to move. This article
reviews common reasons to move. As you read each of these reasons,
consider how much it applies to you and note how strongly you feel
about each one.
1.
The size of your family has changed.
Of the many reasons to move, the size of your current home is the
most common. Many young couples have purchased a cozy two- or
three-bedroom, 1,000-square foot home that suits their situation
perfectly. The home has a master bedroom, a guest bedroom, and
possibly a home office. A single living area with couches and an
entertainment center provides the couple with ample space for the two
of them and their visitors. As they start a family, the first child
moves into the guest bedroom and toys take over the living area. The
perfect house for two becomes too small for three or more.
2.
You are looking for better schools.
Unless your children attend private school, where you live usually
dictates which school your children attend. This is great for
building a sense of community in the neighborhood as children can
walk or bike to school together. A school nearby can also cut down on
travel time for dropping off and picking up your children.
3.
Your commute to and from work is too
long. A common reason to move is the change of a job. Be it out of
state/province or in another community, most people will only commute
so far. If you want to have a shorter commute, then moving may be the
only answer.
4.
You do not like remodeling.
Remodeling is not for everyone. No matter how it is accomplished, two
things are unavoidable: the inconvenience and the decision-making.
The inconvenience can be as little as not using your kitchen for a
day while it is being painted or as much as moving out for six months
while some major work is done. For some, any inconvenience is too
much, so a move may be the way to go.
5.
You do not like your neighbourhood.
Each neighborhood has its own characteristics. Some have big yards;
some have small. Some have sidewalks and streetlights; some don't.
Some have many rental homes, some have few. Some are full of
1,000-square foot houses; some only have 3,000-square foot houses.
Some neighborhoods have kids playing on the street all day long and
friendly neighbors stopping by to chat every day. In other
neighborhoods, people keep to themselves and rarely wave as they
drive by each other on the way to work. As much as we all would like
to change some features of our neighborhood, many are out of our
control. If the neighborhood doesn't meet your needs, a move may be
the only solution.
6.
Your current home has a poor floor
plan. You may not be able to remodel the house you live in. It may be
too costly to make it what you want. If you want a kitchen in front
and the family room facing south, but your home has the kitchen in
back and the family room facing north, a remodel may be too expensive
to be practical. Due to lot size, building codes, or physical
barriers, some homes may not lend themselves to remodeling the way
you want. Building codes can limit the type and size of additions as
well as their appearance.
7.
Your yard is too big/too small. For
many, the yard is an integral part of a house. A yard is land to call
your own, a place to plant flowers or vegetables or an expanse of
grass that you take pride in keeping green and manicured all summer
long. Depending on your lifestyle the yard can also be too large and
actually create more upkeep than you need or want. No matter what it
is about a yard, most of us want one. The question is how big of a
yard do you want? There can be good reasons for wanting a smaller
yard as well as a larger yard.
8.
Remodeling is too expensive. You can
profit from an intelligent remodel, but in reality, some remodeling
projects are not worth the investment or effort. If your dream is to
live in an affluent neighborhood with large lawns and 4,000-square
foot homes, and your neighborhood is full of bungalows with single
car garages, the chance of getting what you want by remodeling for a
reasonable amount of money is unlikely. Remember you never want to be
the best home on a street of lesser value homes. The reverse is much
better.
9.
Your home is already the largest and
nicest on the street. You may have remodeled your home before and now
your home is the largest and nicest in the neighborhood. This is
great if you love the neighborhood and plan to stay in the home for
years to come. However, if you have been remodeling your home because
it needs updating and you still have to add additional space or
amenities, then a move may be a good idea financially.
10.
You will likely move in the next
few years. If there were a wrong time to remodel, it would be right
before you move. Don't go through the expense and the inconvenience
of remodeling and then put the house up for sale the next month or
the next year. Moving right after a remodel can be costly unless you
managed your remodel project very carefully to minimize the cost and
maximize the market appeal of the work that was done. Also, moving
immediately takes away one of the biggest benefits of remodeling:
enjoying the results. If there is a reasonable chance of your moving
in the next 24 months, it may be better to move now to get the house
you want rather than to remodel.