When you need more space in your home, it can be challenging trying to determine whether or not to stay in place or move somewhere new. Selling a house is a complicated process and no one likes to leave behind a beloved neighborhood.
But moving isn’t the only option available to you when you need more space around the house. Luxury home additions are another viable option that can add value to your home. In fact, luxury home additions, such as master-suite additions, have an average return on investment (ROI) of 63%, and two-story home additions have an ROI of up to 65%.
That being said, how do you decide whether making additional renovations or moving to a new home is the right choice for you? Let’s look at some of the pros and cons of both.
What are the advantages and disadvantages of moving?
Moving into a new home can be exciting. For some people, selecting a new place to call home is desirable if their old neighborhood just wasn’t working for them. Moving gives you the opportunity to meet new people. It also gives you the chance to experience new features in a home you may not have considered before.
However, moving isn’t always the right solution when you need more space. For instance, you might find a home that has exactly the square footage you need for your family but it might not have all of the amenities that you want, and it might be difficult to find all the things you have on your wish list.
Additionally, if you love the area in which you live, it can be heartbreaking to leave your neighborhood. The house of your dreams might not be in the area of your dreams.
What are the advantages and disadvantages of renovating?
Whole home remodeling offers you the chance to give yourself the luxury home additions you’ve been dreaming of without having to go through the stressful moving process. You can remodel or add anything to your home to meet your needs. Unlike moving where you might hope that the house you’re checking out has everything you hope for, you can make additions to truly customize your home whether you want a second story, a sunroom, a larger master suite, or another bathroom.
Every change you make to your home adds value through sweat equity. What’s more, you don’t need to leave your neighborhood to give yourself the additional space you need.
However, renovating does require a certain amount of planning. The good news is that you don’t need to go through the renovation process alone. The professional design build remodelers of Tabor Design Build have all the experts you need to make your home addition happen without the stress.
Ready to get started on your home additions? Contact Tabor Design Build to schedule a consultation about our residential renovations today.
