Is a Whole-Home Remodel or Moving the Right Choice for You?

As a homeowner, it can be frustrating when your home is outdated and simply no longer meets your needs. You may think that you need to find a new home to accommodate your current standards. While that’s an option, so is doing a whole-home remodel.

What is a Whole-Home Remodel?

A whole-home remodel involves upgrading all the major systems of your home as well as its cosmetics. You’ll enjoy an updated electrical, plumbing, and HVAC system. Most homeowners opt for purchasing more energy-efficient modern appliances. Even better, you can redesign your home to better flow with your lifestyle and accommodate your style. There’s no doubt that doing a whole-home remodel can be a big project for any homeowner. Below, we’ll look at the pros and cons of remodeling versus moving to a new home so you can be better equipped to make your decision.

Cost

Both moving and remodeling can be quite costly for the average homeowner. Whole-home remodels will typically cost less than purchasing a new home with all the features that you want to add. However, home remodels need to be paid for out of pocket or with strategic financing, like a home equity line of credit. However, the ROI for home remodeling is quite high, allowing you to recoup much of that cost later on down the road if you decide to sell.

Emotional Ties

One thing to consider when thinking about moving is the effect it will have on your emotional well-being. Many people have emotional ties to their existing home. Whether it’s where you raised your kids or where you got engaged, it may be difficult to leave. The thought of doing a remodel can mean keeping your same neighbors, commute, school district, and so forth.

Current Housing Trends

Unfortunately, the price of local homes depends on the current housing trends in your area. You may find that attempting to purchase a new home with all your desired features could strain your budget. However, upgrading your existing home can be a cheaper alternative that can provide you with the same results.

Stress

There’s absolutely no doubt that both moving and remodeling come with their own stress. Living in a construction zone may not seem like a fun way to spend weeks. However, the thought of having to pack up your entire home and move it to a new location can be even more stressful.

Tailored Results

When you work with one of our designers, they’ll listen to your needs and understand your daily routine so they can design your home to be more usable. Every part of your home remodel will be specifically tailored to you and your preferences. Trying to find that level of customization in an already existing home can be quite challenging.

Financing Pressures

Most homeowners will need a mortgage to afford the cost of a new home. Obtaining that mortgage takes time and requires you to gather all your financial documents. Furthermore, you have to deal with the endless buying process of bidding wars, constant showings, and limited options to try and find the right home for you. Unfortunately, it may even take a while until one that you like comes on the market. With a whole-home remodel, you can get started right away on crafting a home that better fits your needs and desires. There’s no waiting and hoping. There’s just doing.

Long-Term Plans

In general, most people who are considering moving in the next couple of years typically won’t want to invest their funds in remodeling. However, if you plan on living in your home for another five years or more, a remodel can be the perfect upgrade to truly make your existing home your own. Our design-build team can help you reimagine your home in a different light so you can fully customize it to your liking.

Exceptional Whole-Home Remodeling Service

DBS remodel provides exceptional whole-home remodeling service for the Poughkeepsie, NY area. We can also help with all your kitchen remodeling, bathroom remodeling, basement finishing, deck, porch, entry door, sunroom, addition, exterior, and window needs. Simply call us today to book your next service consultation with our design team members.