Should Your Next Step Be a Remodel or a Move?
December 4, 2023
If you have lived in your home for a number of years and you’re ready for a change, you may be wondering if it’s better to remodel your existing home or move to a new one. This crucial decision involves both financial and emotional considerations. Garman Builders Renovations, known for their expertise in home renovations in Lancaster, offers a comprehensive look at both paths to aid in this significant decision.
The Remodeling Route
Benefits of Remodeling
Remodeling presents an opportunity to mold your current space to better suit your evolving needs and tastes. It allows you to maintain the emotional bonds and memories tied to your home while upgrading its functionality and aesthetics. Financially, remodeling can be more cost-effective than buying a new home - depending on the changes desired.
If you’re a homeowner with good credit and equity in your home, a home equity line-of-credit is an easy way to help you afford a remodeling project. A line-of-credit allows borrowers to withdraw funds as the need arises for a set period. Interest rates can be variable or fixed. Although these can be used for various financing needs, they are an excellent way to afford home remodeling as funds can become available for an ongoing home project.
Advantages of Moving
Moving to a new home is exciting and offers the chance to find a space that aligns perfectly with your current lifestyle needs. This option might bring you closer to work, better schools or desired community amenities. Modern homes also often come with updated features and energy-efficient designs. When working with a local builder to build a new home, you also have the advantage of working with the builders’ in-house design center and design experts to customize your home to suit your style. Garman Builders’ Design Studio offers homeowners the opportunity to work directly with a design consultant to see, touch, and experiment with the myriad of fixtures, finishes, and other elements that make a house a distinctly personal home.
When weighing remodeling against moving, consider both financial and emotional implications. Remodeling allows for a more controlled budget and keeps cherished memories intact, but it may come with limitations. Moving provides a fresh start and possibly more suitable amenities but involves greater financial considerations.
Expert Insights from Garman Builders Renovations
Industry experts from Garman Builders Renovations emphasize the importance of personalized advice in making this decision. To help make your decision, consider how each option aligns with your long-term goals and current lifestyle needs.
Take the Next Step with Garman Builders Renovations
Not sure which path is best? Garman Builders Renovations stands ready to provide expert guidance tailored to your unique situation. Contact us to explore which path aligns best with your dreams and goals.