Buy or Renovate? Which is a Better Choice for You?

Posted by Homebuilders Association Vancouver on January 19th, 2021

You realize your current home is not working for you anymore. You might want to move to a new place because your current one has a lot of problems, doesn’t look inspiring and might not have the space that you currently need. Some people tend to outgrow their home. You might have children now that need more space to move around.

This leads homeowners to ask this question: is it better to renovate or just find a new house to move into?

There are a lot of things to consider if you want to make the right decisions such as the following factors:

1. Location

As you know, location is an important part of the home buying place. It’s better to be in an ideal location rather than to have a bigger house because in the grand scheme of things, you would still want to have accessibility to shops, stores, hospitals and important places.

Think about the commute to your work as well. If you are moving to a new place that is farther than your current one, you might need to spend a long time on the road just to get to your destination. It might reduce the quality of your life.

Think about where you will have the best opportunity to maximize your time. If it is in your current location, you are better off hiring Custom Home Builders in Vancouver to renovate your place rather than let go of this ideal location and move to one that isn’t as accessible.

2. Home features

When you choose to renovate your home with the help of custom home builders in Vancouver, you will be able to include the features that you want. You can use the money that you have to turn your current home into your dream home replete with all the amenities and features that will improve the aesthetic and functionality of your home.

You can also add a room if you have more space in your property and that can add more value to your home in addition to more space. It gives you a lot of opportunities to customize your home to suit your personal preferences.

Of course, you still need to make sure that you have the space and square footage requirements to get these additional features in your home.

3. Budget

Assess your budget as well. It is costlier to move into a new home because you are starting anew with your equity. With your old home, you have already built some equity.

Try assessing your needs and weighing down the pros and cons. At the end of the day, you should listen to your needs. But when it comes to hiring custom home builders in Vancouver, make sure you know which ones are the most reliable with the help of HAVAN.

Adam Denly is the author of this article. To know more about Contractors Vancouver please visit our website: havan.ca