Does your current home no longer serve your needs? If so, you may be torn between relocating to a new home or renovating your existing one. This can be a difficult choice, and there’s a lot to consider —including potential costs, long-term financial implications, and quality of life. A major remodel can be a major commitment. From hiring contractors to selecting materials to managing a budget, it can take a tremendous amount of time and energy—not to mention the ordeal of living through construction or relocating to a temporary residence. On the other hand, moving is notoriously taxing. In fact, in one survey, 40% of respondents viewed buying a new home as ”the most stressful event in modern life.” 1 So which is the better option for you? Let’s take a closer look at some of the factors you should consider before you decide. What Are Your Motivations for Making a Change? It’s possible that some of the limitations of your current home can be ...
My views on REAL Estate; trends, people, finances and any other ideas that are REAL estate related. Specializing in Santa Cruz and the Monterey Bay area of California.