Unless you built a custom home, you probably have a long list of things you’d like to improve in your current home. Browsing online listings might get you in the mood to upgrade to a new home, or you might be thinking about renovating your current home after binging on HGTV. The answer to renovation vs. relocation depends greatly on what you’re trying to fix.
Thinking about a new kitchen?If you’re dreaming of a chef’s kitchen with new appliances and beautiful cabinets, renovating your own kitchen gives you incredible ROI and is less costly than moving. You’ll increase the value of your own home if you ever decide to sell, and there’s a great sense of accomplishment that comes with completing a custom renovation.
Need more space?If you’re running low on bedrooms, there may not be a lot of options. Converting an existing room to a bedroom doesn’t create any new space. If you’re in a condo, an addition is probably impossible. And additions can be expensive even if it’s a possibility. Moving is usually the best option.
If the neighborhood isn’t idealYou may have seen some potential for your neighborhood when you first moved there, but perhaps it still isn’t welcoming the shops and restaurants you expected. If that’s the case, consider moving. There’s no sense in waiting years for the neighborhood to improve, especially if you can move to a house in the same price range in a more preferred part of the city.
An evacuation plan is a necessity for every home, especially if you li
"Nick Wall was amazing in helping us sell our condo in Mira Mesa and buy a home in Rancho Bernardo. Very knowledgeable of of the processes and was able to get us exactly what we wanted. Nick negotiated a lease back for us, which gave us more than enough time to find the home we love without having to rush after selling our condo. Nick was transparent throughout the entire process and was patient in answering our many questions. He was also sensitive to our current situation (infant child with 2 working parents) and took that into consideration when negotiating or scheduling things. He even offered to help us with moving-related tasks after we closed escrow (meeting trade workers at the home during working hours, small maintenance jobs, etc.). I highly recommend Nick and will be referring him to anyone I know who's looking to buy, sell or just needing to have a conversation with a real estate professional!"