It happens to many of us at least once throughout our lifetime. You wake up one morning and realize that your home does not fit who you are anymore. Perhaps it feels outdated, stuffy, or too small or too large. Or maybe your lifestyle and long-term goals have changed and you need a space that reflects that. You have already tried redecorating and still feel trapped. Now you have to make the big decision of whether to remodel or move. Below are some factors to take into consideration.
Your Location and Long-Term Goals
When working full-time and raising a family, you will most likely choose a home that is located near your job or within a reputable school district. When you retire or your children leave home, you will now have several more options available to you. You will need to think ahead of where you want to be in the next five, ten, or more years. If you are ready for an entirely new adventure, it may be a good time to move closer to family or that dreamy beach town you have been Googling. If staying in your current location and decide to age in place, you will want to take the appropriate measures to update your home.
Cost and Convenience of Moving vs. Staying
Moving and remodeling can both be expensive endeavors and are investments in their own right. Depending on your home’s pre-existing layout and your budget, you may consider staying and recreating the home you have always wanted. The downside is you will need to factor in months of inconvenience and limited access to your space. If the thought of a remodel gives you a headache and hurts your wallet, it may be cheaper to buy a new home with your desired layout, appliances, and perfect-for-you aesthetic. However, moving is a stressful hassle and the additional expenses (along with your new home) can add up quickly. Either way, your home should be considered a mindful investment for the future.
How Connected Are You to Your Home?
For many people, their house holds sentimental value. It is where they started their life with their spouse, raised children, and celebrated life’s big events and holidays. Consider whether these emotional implications are worth staying in place and remodeling to keep this special home within the family. If you feel no emotional attachment whatsoever and hold no positive feelings towards your space, it might be time to move and find somewhere you actually enjoy living.
No matter whether you choose to remodel or move, honoring your home is the most important thing. Your home is a huge part of your life and affects your happiness and well-being. It should be fully reflective of who you are and what you want out of life.
It happens to many of us at least once throughout our lifetime. You wake up one morning and realize that your home does not fit who you are anymore.