It can be a challenging process when you’re debating about whether to move or renovate. It’s not always an easy question to answer, and every situation will differ from the next. If your needs have changed and you’re unsure which is the right decision for you and your family, we’ve put together a few of the most common questions to ask yourself to help you feel confident with your final answer.
What do you need to suit your lifestyle?
First things first, determine what you need to suit your current lifestyle – whether that involves additional bedrooms for your expanding family or functional space to take care of your ageing parents. Once you’ve determined this in detail, consider whether a renovation can offer a realistic solution. If the answer is no, then you have your answer.
Do you have the budget?
Major decisions such as this are based primarily on your budget. It’s essential to be practical about what you can afford when considering both a renovation and a move. If you’re leaning towards a renovation, do you have the budget to afford the type of renos needed to remain in your current home? Is it practical to add on the extra room that you’ll need? The same question applies to moving. Is the market affordable for you to purchase a new home?
What about the extra fees that come with both?
Beyond the basic costs of moving and renovating, both typically come with extra expenses that aren’t always weighed into the initial equation. Renovations can include unexpected costs, especially when it comes to major projects like adding an extension or bump-out. It’s important to be aware of the real estate fees, legal fees, transfer taxes, and other moving costs associated with a move as well.
Do you like living in your current neighbourhood?
This type of decision is an emotional one as well. If your current home and neighbourhood hold sentimental value for you and your family, then maybe a renovation could be worth investing in. However, if you don’t love your neighbourhood and don’t mind the idea of change, moving might make the most sense.
Asking yourself key questions like these will help you determine which is the right decision for you. And if your answer ends up leaning towards a move, our team at Ottawa Moving Logistics is here to help make the process as simple and smooth as possible. Contact us to learn more about our services and rates.