Renovate Or Relocate_ Which Is Right for You_

1. Renovate Or Relocate: Which Is Right for You?

2. The decision to move home is not usually one taken lightly, and while it can be for a whole host of reasons, it often comes down to a lack of space or the home not meeting design needs. However, while some homeowners might think that the only solution to their space or design woes is to move, many times it’s possible to renovate a home and totally transform it into a desirable property, without the hassle and added expense of having to move. That said, the decision to renovate or relocate is a hugely subjective one, and what’s right for one person, may not be right for another. If you’re undecided as to whether to move home or renovate your existing one, the following points might help you make up your mind:

3. Consider your budget Renovating your existing home is likely to cost considerably less than moving to a new property, but it does depend on the extent of the renovations you plan to have carried out. Talk your budget over with those involved in the decision, and if necessary, get some quotes from a renovation company to give you a better idea of what the work might cost, while also checking out the cost of properties you’re interested in, on the local real estate market.

4. Research the property market Think carefully about where you want to live, and study the housing market in that area to see what you can afford. You’ll also need to think about the housing market in the area you want to move from, and find out if now is a good time to sell. Find out what your ROI is likely to be You always need to think about your return on investment when planning to renovate your home instead of buying a new one, and knowing whether the renovation work you have planned will increase the value of your home significantly enough, is important.

5. Ask yourself whether you’re over-improving A lot of homeowners like the idea of renovating their home, but don’t always realise that they might actually be over-improving it. This concept is very much related to your ROI, and if you want to have some luxury renovations carried out on your home but you live in a neighbourhood where that kind of renovation would be out of place, then it is likely that the cost of the renovation will not have much of an effect on the value of your home.

6. It might not be a good time to move From a personal perspective, think carefully about whether moving home now is a sensible idea. Would you be uprooting your kids during an important year of schooling? And what about your career – will a move affect that in any way? Sometimes, even after carefully weighing up your options, the decision to renovate or relocate still might not be clear. But provided you’ve given consideration to every factor that might affect your decision, you’ll at least be able to make a choice with the highest chance of success.

7. RZ Construction Group Inc is the best fully inclusive general contractor in Queens NY. From initial design to final clean up, our results speak for themselves. We are fully licensed, insured, and bonded to provide both commercial and residential construction services to customers in Astoria and the surrounding area. Proud to serve New York State for 25 years. No job is too small nor too big. If you are looking for apartment renovation in NYC or want to know more about our wide range of professional but affordable construction and repair services, reach out to us at (718) 938-9887.