Should I Remodel or Find a New Home?

Buyer Information, Seller Information

Moving to a new home is a big decision, and you may be unsure if you really need to move. Should you buy a new home, or remodel your current home? Is your current home enough? Or will you regret not moving? There are many factors that play into this decision, and considering each one can help you decide, and feel confident in your decision.

Should I Buy a New Home or Remodel?
When deciding whether to buy a new home or remodel, the most important factor to consider is what you’re really looking for and what needs you want your new or improved home to fill. Some of these are simple to answer, and others require more deliberation. Most likely, different needs will influence your decision. To help you decide, ask yourself what your top priority is, and why this is so important.

New Location
If you are considering moving because you’re looking for better schools, new neighbors, more security, or a different lifestyle, you need a new location. Some homeowners, especially growing families, aren’t sure if or how they can afford the neighborhood that they want. The following are some solutions, depending on what you’re looking for.

  • Better Schools: Often, the neighborhoods with the best schools are also the most difficult to buy a home in. School of Choice rules in Michigan allow parents to send their children to schools outside their district. This means you can buy a new home in an adjacent neighborhood and still send your kids to the best schools without a long drive.
  • Secure Neighborhood: A secure neighborhood does not necessarily mean a gated community. To find a family-friendly neighborhood, look for the following; streets with low speed limits, parks with play structures, libraries, churches, public pools, community centers, schools, and sports fields.
  • Different Lifestyle: If you’re looking for a quieter, family-oriented community, look again near schools and parks. If you want a more active lifestyle with sporting events, arts, and culture, look near larger cities or universities. For the best of both worlds, look in suburbs that are just outside the city.
  • Growing Value: High-value neighborhoods can be difficult to get into. Some buyers look for fixer-uppers in more expensive neighborhoods to buy in at a good price. Looking at real estate data can also reveal up-and-coming communities where you can get a home at a great price that will increase in value over time.