When you own a home, you want to make it your own. From installing a pool and redoing the kitchen to installing new tile and adding a guest house, there are many ways to remodel your home. But since remodeling your home can cost thousands, you may consider moving to a new residence instead, especially if it’s the right time. However, knowing whether to remodel or move can be a very hard decision to make.
In this post, we’ll talk about what you should consider in order to help you make this tough decision.
What Does Your Home Mean to You?
When deciding whether to remodel or move, you have to determine how much your home really means to you. For many homeowners, their home is where they spend a good chunk of their lives. If your home holds a very special place for you and your family, then you might consider remodeling instead of moving. However, while you’re thinking about the actual home and what’s inside when making this decision, you also want to think about the community, your neighbors, the location, and everything else that makes your home what it is. After considering all of the factors above, you should have confidence while making this tough choice.
Weigh the Costs
All in all, this decision typically comes down to money. But if money isn’t the issue, then you’ll want to lean on what your gut tells you and what would be the best choice for you and your family. But no matter your financial situation, you’ll always want to weigh the costs of moving and the costs of remodeling. If you have remodeling projects in mind, consider hiring an expert. These providers can give you a quote ahead of time. And of course, you should have a ballpark range for the price of home you desire. Here are some of the costs that you should keep in mind:
When you want to move into a new home, you must consider selling costs.
If you use a full-service listing agent to sell your home, and if the buyer uses their own agent, then you should be ready to pay around 6 percent of the home’s sale price as the agent commission.
Other costs to factor in are moving costs. However, this can vary greatly based on whether you hire a company, use a moving truck, or complete most of the move yourself. Especially if you’re moving across the country, the moving costs can add up extremely quickly.
Costs of Remodeling
Understanding the costs associated with remodeling is a little easier to understand. The main factor you want to consider is how much the remodel costs after everything is completed. One tip in this regard is to have a budget before the remodeling project begins. This will help you not overspend and pay for things you don’t need. If you’re working with a professional remodeling company, then try to get a quote from them. If you’re doing a DIY project, consider the costs of materials and how long the process will take.
Depending on where you live, you may need to obtain permits for remodeling projects. However, they aren’t typically needed for interior cosmetic fixes such as painting and refinishing. But if you’re making structural changes, then you’ll most likely need a permit. If you make upgrades that increase the square footage or make changes that involve plumbing or electrical work, then permits are typically needed.
If your project involves a permit, then you probably also need to submit architectural plans to the city. There are costs associated with these, so be sure to account for them.
Of course, you also have to account for materials. However, if you’re looking to cut costs, then this is a common area to do it. That being said, be on the lookout at scrap yards, and connect with those trying to sell materials. Understanding these costs can help to determine if remodeling or moving is right for you.
Especially if you’re doing a massive remodeling project, you can’t forget about labor costs. Many people will opt to complete a DIY remodeling project, but that can take a great deal of time. If you do the project yourself, you risk completing the project incorrectly, which could lead to severe damage and high repair costs. A remodeling project can take days, weeks, or months, so be sure to understand the labor costs right away.
If you’ve decided that a home remodeling project is right for you, then pick up the phone and call Unique Home Construction today! From complete home remodeling projects to kitchen remodeling, we can handle whatever remodeling job you have in mind. And with nearly 25 years in business, Dallas/Fort Worth residents trust us to get the job done right!
Call Unique Home Construction today to get a swift and honest remodeling estimate!