Considerations To Make When You Choose Renovating Over Moving
Many homeowners consider moving for one reason or another but the lack of money or motivation to pack everything up stops them. Logically the next thought is to renovate their current home with a home addition. That’s a whole lot easier than moving, right?
The truth is that there are pros and cons to both options. Renovating your home has a different set of issues to consider. Homeowners will need to consider whether they will proceed with the renovations on their own or if they will hire a professional contractor. Remodeling projects also need to be budgeted for as the expenses can quickly get out of hand. Homeowners should also consider the time and mess that comes along with a home addition. It may be that in the end the idea of moving isn’t so bad after all.
In all seriousness however, most homeowners will choose adding on to their homes over moving nine out of ten times. There are a number of reasons that staying in your home is a top choice over moving. The most common reason for this is the location of the current home. For most of us change is uncomfortable. We become comfortable with the neighborhood and the routine of life all which would be disrupted substantially if we chose to move.
To begin any home renovation or room addition project homeowners should start by scheduling a meeting with an expert in home construction. Be sure that the contractor that you choose is bonded, licensed and insured. It is also a good idea to choose a home contractor that has built a solid reputation within your community for new construction projects and room additions.
After you have a general idea of what to expect the project to cost it is time to sit down and realistically figure if the addition is something you can afford. Will you be able to pay cash for the renovation or will you need to look into financing options. The cost of the renovation will mainly be dependent on the size of the space to be added along with the purpose of the space. Certain rooms like bedrooms and home offices are cheaper than renovations where there are a great deal of additional material expenses like bathrooms, kitchens and living rooms.
One way to safely decrease the expense involved in adding on to your home is by utilizing the homes existing floor plan. Another option is to utilize an existing space for the additional room such as a basement or attic. Understand that with any change comes some inconvenience. Whether you move or choose to add on to an additional home get ready to be flexible and focus on the light at the end of the tunnel.