| Your house doesn't have enough storage space, | | | | from any remodeling project. Construction |
| bathrooms, or counter space! Not too mention | | | | materials, dust, noise, and additional trash will be |
| your kitchen is old, small and poorly ventilated. | | | | sure to accompany any remodeling project. If this |
| Now you are trying to decide between remodeling | | | | doesn't sound like your cup of tea then maybe |
| your current home to address some of these | | | | you should buy a new house and leave the |
| needs and buying a new bigger home. This is a | | | | messy, inconvenient remodeling to someone else. |
| question many homeowners find themselves | | | | Finances obviously need to be taken into account |
| trying to answer. There are a few key factors to | | | | when making such a large decision. If you don't |
| consider as you try to decide what will be best | | | | have the cash on hand then you might want to |
| for you and your family. | | | | tap into your home's equity. When remodeling you |
| First think about the location of your current | | | | can leverage the equity you have in your home |
| home. Do you like this area? Do you have kids in | | | | to pay for the upgrades. If don't have a strong |
| local schools? Is there a low crime rate? If you | | | | equity position in your current home you might be |
| like your current location, then you need to | | | | better off selling you home and buying a bigger |
| determine if you are able to buy a new bigger | | | | home for a similar price in a less desirable |
| home in this same neighborhood or would you be | | | | neighborhood. |
| forced to buy in a different less desirable area? If | | | | When thinking about adding more square footage |
| you can't afford a bigger home in your current | | | | to your existing home you need to consult your |
| area and you want to stay local, then you should | | | | local zoning laws. In some areas you might not be |
| consider remodeling/adding more square footage | | | | able to add-on due to zoning laws so be sure to |
| on to your current home. | | | | do your research before starting construction. |
| Another factor to consider when deciding | | | | All of these factors need to be considered before |
| between remodeling and buying a new home is | | | | making a decision on whether it makes more |
| the disruption caused by remodeling. If you are | | | | sense to remodel your current home or buy a |
| remodeling your kitchen this means you will be | | | | new home. The home is often our largest |
| without a fully functioning kitchen for a couple of | | | | investment so when making decision about |
| weeks. Even if you are not working in a key area | | | | remodeling or buying a different house it is |
| like the kitchen you can still expect disruption | | | | important to consider all factors. |