When faced with the ultimatum of moving or remodeling, you never know where to turn. Although we can't provide a definitive answer, we will give you a list of things to think about when deciding whether to move or remodel.
Things to Think About:
Cost-
Probably one of the most important factors in any decision is how much you will spend (or save). Here is a list of the costs associated with each of the options.
Moving:
Cost of selling- about $5,000
Moving costs- $800-2,500
Minor Repairs- $200-3,000
Cost of new home- Average AZ house is $600,000 and to rent is about $2,000
Remodeling:
Permits- $50-2,000
Architectural plans- Average $5,000
Materials- It depends on what you are looking to remodel and what materials you choose.
Labor- $20-150 per hour
Hidden costs- Broken materials, jobs done incorrectly, etc could all contribute to the hidden costs in a home remodel.
Pros and Cons-
Moving-
Pros: Cons:
-Purchase a new investment -Pay for moving costs
-Gain a new perspective -Added stress
-Avoid remodeling costs - Risk of not finding the perfect fit
-A fresh start -Leaving behind memories, friends, and families
-Packing
Remodeling-
Pros: Cons:
-Add value -You could over value your home
-Customize your space -Added stress
-Sense of accomplishment -You could be living in a construction zone
-Avoid uprooting your life -Paying for a hotel/rental house
-It will have hidden costs
-Takes a lot longer than you think
All in all, the choice is yours. We at SHEWORKS can't decide for you, but when it comes to minor repairs with moving, or a full-blown remodel, we are always here to help! Just give us a call at 602-920-4257 :)
