It’s not uncommon for a family to find their current home does not meet the needs of their lifestyle. Maybe there are not enough rooms. Maybe the kitchen is outdated, or the layout is too limiting. Sometimes it is simply too expensive or difficult to outfit the home with the latest technology.
If you find yourself in this situation, how should you proceed? There are three options: remodel the current home, move to a new home that better fits your needs, or build a new home. Each option has its own set of pros and cons, and you must consider all of them before making such an important, and potentially expensive, decision.
The accompanying infographic, Renovate, Move or Build a New Home?, offers a list of factors to consider before choosing. In your considerations you must include your budget, your emotional ties to your neighborhood and home, the current real estate market, your tolerance to inconvenience, the amount of available free time, and more.
It is a tedious balancing act in which you must weigh your desire for what you want against your budget. A serious consideration of the infographic’s reasons for choosing one option over the other will help you decide which way to go in pursuit of your dream home.