Some homeowners might feel it’s time for a change and must decide whether to remodel their home or move. Maybe you want more space or an updated kitchen.
If you prefer to stay at your current home, our experienced design/build team at All Star Construction can help youperuse remodel options. There are benefits to staying and renovating instead of moving.
Here are the top 3 reasons you should remodel your kitchen rather than move into a new home:
- Familiarity and Design
This is the perfect time to remodel or renovate your home, especially your kitchen. It’s the ideal choice for giving your existing home an upgrade, thus giving you almost instant equity if your home is already paid for. You don’t have to do extensive renovations to achieve the look you want. Updating , cabinets, countertops, flooring, and can make your home feel brand new again.
So, you love where you live, and your home matches your lifestyle. However, it most likely needs an upgrade to showcase your personality and character. Since the kitchen is the heart of any home, remodeling it will give you the desired result you’re looking for. If you’ve lived in your home for a while, you’re already familiar with what works and what doesn’t. This will make it easier to create new design changes. If you move to a new home, you’re unfamiliar with its design and layout, making it difficult to know if it will satisfy your kitchen needs.
- Economy and Equity
Job growth and consumer wages have been steadily improving. People are feeling better about the economy and becoming more confident about investing in home renovations. Consumer confidence levels are increasing as optimism about the housing market rises.
Most importantly, as your home’s value increases, your equity increases as well. Your home’s equity is one of the biggest factors that support a loan for home renovations. Low-interest rates and high equity make this the perfect time to take out a home equity loan. A kitchen remodel will give you one of the biggest returns on investment.
- Neighborhoods and Costs
Oftentimes, moving causes regrets. Homeowners who move might miss their neighborhood, friends, schools, and location. It’s also difficult to find your dream home in a safe, well-established neighborhood. Can you really find the home you want in a better neighborhood and less expensive than if you were to remodel your current home? Not likely.
Additionally, if you move into an established neighborhood, the homes tend to be older. This means your “new” home will need a lot of work. If you’re thinking about moving because you would have to make too many renovations to create your dream home, you’ll spend the same amount, if not more, remodeling an older home.
Just remember that it takes time to make a house a home. Talk to an expert about remodeling your current house to make it a dream home for you and your family. Let All Star Construction guide you in the right direction to make a confident and informed decision.