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    Is it Best to Renovate or Buy a New Home?

    Today we’re discussing the pros and cons of renovating versus buying a new home.

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    Is it wiser to renovate or just buy a new home? In every household, there comes a point where the homeowners have to decide whether to renovate their current house or move to another. More kids, job changes, and many other reasons can come into play in this decision. While it makes sense to renovate a home to save money, in some cases, a family may choose to just relocate. If you’re on the fence between the two, it’s necessary to weigh the pros and cons of each decision and consider your circumstances.

    Renovating is an excellent option for when your family is growing or you want to change things up in your house. Renovating allows you to avoid leaving your neighborhood and friends. It’s less adjustment for you and your children. Moving is stressful and can be emotionally arduous, especially for kids.

    Home remodeling takes time; it’s chaotic, aggravating, and cumbersome. If you’re contemplating a home renovation it’s best to set your expectations correctly from the beginning.

     

    Home remodeling takes time; it’s chaotic, aggravating, and cumbersome.

     

    When is it better to move? Sometimes buying a new house is inevitable. If you get a better job or have toxic neighbors, you may want to move. It also makes sense to invest in a new home if your family structure has significantly changed. Changes in your family can lead to a decision to find a larger or smaller house. If you’re expecting a baby, maybe you want a larger space. Or, if you’re older and your children have moved out, perhaps owning a larger property is no longer practical.

    Moving marks a fresh new start in life. Meeting new people and having a whole different experience is exciting. However, finding a new home is never easy; it’s best to hire a real estate agent who has local knowledge and experience.

    If you have any topics you would like us to cover in our blog, please email us or call me at (917) 992-4430. Also contact us with any questions about moving, renovating, or real estate in general. We would be happy to help you.


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    Our agents write often to give you the latest insights on owning a home or property in the Essex, Morris and Union County area.