If you’re growing tired of your existing home, you may have thought about moving. There are benefits of moving; however, what if you really like your yard and neighborhood? What if you can remodel your home to make it exactly the way you want? A whole house remodel is a great option if you want to stay in the same location. Here are four reasons to remodel your home instead of moving.
1. Meet Your Expectations
Most existing homes have some, but not all, of the items you’re looking for in a home. By working with St Louis home remodeling contractors, you get to design everything including the flooring, windows, trim work and more. A contractor will have ideas in their showroom and you’ll be in charge of selecting everything to meet your needs.
2. Save Money
Selling your home and moving simply costs a lot of money. First, you’ll need to pay at least five to six percent to a real estate agent. Second, you’ll need to factor in the cost of buying boxes and renting a moving truck. There may be closing costs and expenses to upgrade the home you’re buying (e.g., new carpet and paint).
3. Stay in the Neighborhood
If you love your neighborhood, remodeling is a great way to enjoy the feel of a new home without having to move. Finding a home in an area you love can be especially hard since good areas typically don’t have a lot of inventory of homes for sale. If you love your current neighborhood, schools, and other amenities, consider remodeling instead of moving.
4. Use Home Equity
Taking out a new mortgage can be time-consuming. If you decide to remodel, you may be able to borrow against the equity in your home. A home equity loan is generally less expensive and laborious than getting a new mortgage loan.
Moving can be stressful and expensive. If you love your neighborhood but need to spruce up the inside of your home, consider a whole house remodel.