Assess Your Current Space and Needs

Life changes—families grow, jobs shift, and lifestyle preferences evolve. If your current home no longer meets your needs, you may be torn between renovating or starting fresh. Begin by identifying exactly what’s lacking: Is it more space? A modern kitchen? Better flow? Sometimes, targeted renovations can solve the issue, especially if you’re emotionally attached to your location. But if your home’s layout limits what’s possible, moving may be the smarter solution.

Weigh the Costs and Return on Investment

Renovations can be expensive and disruptive, but they can also increase your home’s value—if done wisely. Remodeling kitchens, adding bathrooms, or creating open-concept living areas often offer the highest ROI. However, major structural changes or additions may not recoup their cost, especially if you plan to sell within a few years. On the flip side, moving comes with its own costs: agent fees, moving expenses, and potential higher home prices. Consider your budget and long-term plans carefully before committing.

Emotional vs. Practical Factors

Sometimes the decision isn’t just about numbers—it’s about what feels right. If you love your neighborhood, school district, or neighbors, the hassle of renovating may be worth it. If you’re craving a change of scenery or need to relocate for work, moving makes more sense. It helps to consult with both a contractor and a real estate agent to understand the full scope of each option.

Need help deciding? Contact Sheridan Solomon & Associates for a no-pressure consultation and real estate market insight.