You may reach a stage in your life where your home isn’t quite what you need or want. You may need more space for all of your family members, smart home technology, a larger yard, etc. When you reach this stage, you have two options: renovating your current property or purchasing a new home.
There are many pros and cons to both options and you want to weigh each choice very carefully. Here are just a few of the factors you should consider when making this tough decision.
Renovate Your Home
Pro: You Can Stay in the Same Neighborhood
If you love your current neighborhood and you have built a close friendship with your neighbors, you won’t have to worry about leaving it all behind. You will get to enjoy the community you’ve grown to love but with the home features that you desire.
Con: It’s Inconvenient
One of the biggest drawbacks to renovating your current property is the inconvenience you will experience. Depending on the type of project, it can take several weeks or even months to complete it. You may even be asked to leave the house during some major remodels.
Pro: You Can Customize Your New Space
When you renovate certain areas of your home, you are in charge of how it will look. You get to customize the area so it matches your needs and has the features you want. You do not have to settle for something that is subpar or just okay.
Con: You Can Face Hidden Costs
Renovating your property can become an expensive project. While you may enter this process with a budget, there may be hidden or unexpected costs that arise, causing you to go over budget and spending more than you may have available.
Buy a New Home
Pro: Find What You Want
When you purchase a new home, you can search for a property with the features you want and in the area where you want to live. If you want more bedrooms, a larger yard, etc., you can work with an experienced real estate agent to make that possible.
Con: You’ll Still Complete Many Home Improvement Projects
Just because you are moving, it doesn’t mean you won’t be busy with home repairs. You will need to complete many projects around your current property to get it ready to sell. Plus, your new home will likely have a few home improvement projects you will want to complete such as painting or replacing flooring before it is move-in ready.
Pro: You Can Start Fresh
Maybe you want to be closer to work or you have bad neighbors. Moving gives you the opportunity to start fresh. You can find a neighborhood that you love and is in proximity to your job, amenities, certain schools, etc. It may be exactly what your mental well-being needs.
Con: You Have the Stress of Moving
Moving is no simple task. You not only have to pack up your belongings, but you will also need to declutter, clean, and remove all items from the property. Plus, you will likely have a deadline and will need to be out of your current property before the closing date. This means you will have a lot of work to complete, which can cause you mounds of stress.
If you decide that buying a new home in Alpharetta is the right choice for you, hire the best real estate agent to help. At AlpharettaZen, our team of professionals will answer your questions and help you enjoy a smooth transaction. Contact us today.