Your home isn’t working for you quite like it used to. You need more space, a better layout, or updated appliances. The big question is: should you renovate the home you have, or start fresh somewhere new? The answer depends on your current home, desired outcomes, and lifestyle.
Renovate if…
You love your location, and wouldn’t want a huge change in that department. Or, your area is considered highly desirable, creating an opportunity to build equity through smart renovations.
Relocate if…
Your location no longer serves your lifestyle, due to job changes, priority shifts, or even your neighbourhood evolving over time. Or, your area may have a ceiling on home values, limiting the return on major renovations.
Renovate if…
Your desired renovations are cosmetic, like upgraded flooring or new appliances. These changes are either low-cost, or will add significant value to your home if you decide to sell down the line.
Relocate if…
You’re considering major structural renovations like additions, layout changes, or foundation work. These changes will likely not yield a return on investment, and buying a larger or more modern home is actually less expensive.
Renovate if…
The renovations fit your home’s existing scope, like adding a bathroom where plumbing was already roughed in or taking the final steps to finish a basement. These changes will likely be straightforward and cost effective.
Relocate if…
Your desires don’t quite fit, like an in-ground pool in a sloped yard or an island in a small kitchen. Homes that were built with these luxuries in mind will support these features better, and you’ll avoid any nasty surprises during the renovation process.
Renovate if…
You see yourself in this home for at least 5 more years, and the renovations would make you more happy in your space.
Relocate if…
You see big life changes in your near future, like growing your family, changing careers or planning retirement. Make sure you don’t spend a fortune renovating a home just to outgrow it in a few years!
We can give you a full assessment of your home’s current market value and identify the best renovations to pursue for return on investment.
Give Bryan a call or text at 204.817.1849!
