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Renovate or Move? How to Decide

As a homeowner, there may come a time when you ask yourself: “Should I buy a new home, or stay put and renovate my old one?”

Consider these factors when weighing your decision:

  • Mortgage rates. Would your mortgage rate increase if you were to buy a new home?
  • Renovation scope. How much would you need to do to your home to achieve the look you’re hoping for? How much would it cost?
  • Local market. What do housing prices look like?
  • Long-term goals. Are you in a location you’re happy with for the long-term?

Not sure if now is the right time to buy in your area? Contact our Team for help here.

Hands Forward, in goal post position at eye level. Subject is debating renovation work in a kitchen.

High-ROI Renovation ProjectsWant to make sure the time and money you spend remodeling is worth it? Then choose your projects carefully. 

According to Remodeling Magazine, here are the highest-ROI home renovation projects you can opt for:

  • A new garage door (98.3% costs recouped, $3,411 in resale value)
  • Adding a steel entryway door (91.3% costs recouped, $1,344 in resale value)
  • A wood deck addition (82.8% costs recouped, $9,065 in resale value)
  • Minor kitchen remodel (81.1% costs recouped, $17,193 in resale value)
  • Siding replacement (76.7% costs recouped, $11,554 in resale value)

Check out Remodeling’s full Cost vs Value report for more guidance.

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Kayla Slavensky

As your Realtor I would love to help make the home buying or selling process as smooth and enjoyable as possible. I have lived in Northern California for over 10 years, while traveling periodically throughout California and other states, and I feel confident that I can help you find a great home that meets your wants and needs or sell a home that no longer meets your wants and needs. Throughout your journey of buying a home I will work hard to show you different homes that meet your needs, schedule and oversee the inspection process, negotiate for you, and complete all paperwork all while accompanying you through the escrow process. Selling your home can be an enjoyable process. I promise to listen to your desires to help present your property in the most professional and eye-catching manner to ensure it sells for a great price.

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