Flip or Dip? How to Decide Whether You Should Renovate or Move
“To be or not to be”. Shakespeare wrote that infamous line, which you may have hated back in high school English class. But you’ve probably asked yourself this question at one point or another, albeit in another form and for something other than memorizing a soliloquy. In terms of your home, the question is usually to do or not to do. And then there’s the question that has a lot of people biting their nails – “should we renovate or should we just move out altogether?”
Have you ever asked yourself, a friend, or a significant other that question before? If you have, there was probably a good reason to make that inquiry. It’s not always easy to answer. However, it’s important to remember that there isn’t a clear-cut path in all instances, and many factors will likely influence your decision. Apart from monetary and physical concerns, there may be individual tasks to consider, such as garage door repair, garden work, and floor installations/removal – all of which will have individual requirements. It doesn’t hurt to slow things down when making this decision. Choices made on impulse might lead to regret, not to mention a big waste of time and money. So think carefully!
The Driving (or Staying) Forces
Before choosing renovation or relocation, you need to know what lies beneath the surface. In other words, you have to ask yourself what could be affected by the choice you make. You’ve probably heard that “nothing really happens in a vacuum”, and the same is true when making decisions regarding the appearance and maintenance of your home.
A Look at Deciding Factors
- Budget – First and foremost, you need to think about your wallet. It’s safe to say that money is the key element in making things happen. You wouldn’t want to drag yourself into the red and dish out $30,000 for a project you don’t have money for. On the flip side, you wouldn’t want to move into a totally new home, when you can fix a problem at your old house for a reasonable price.
- Profitability – This is where long-term thinkers will have an advantage. It’s important to think about the future value of your home. Some people may feel that walking away from a house and selling it right away will benefit their financial standing. But they could be terribly mistaken! Revamping the look of their home can raise the price and appeal of their house dramatically in many cases.
- Safety and Sustainability – The other thing you need to give thought to is the physical state of your home. It’s not just a matter of looks – safety is a concern too. Although rare, some homes have structural damage that’s so extensive and yet it’s unnoticeable, rendering a renovation job a useless task. There’s also the issue of property rules and regulations. Some laws, whether they’re stated by the government or the housing complex, will prohibit certain kinds of remodelling, and that’s something you’ll also have to look into as well.
- Personal Taste – Now to completely ignore your eye for beauty wouldn’t be fair. Even if there’s nothing holding you back financially, your personality may be the final deciding factor when choosing whether you should stay or move. Some of you have the taste of an interior decorator, and if you’re able to use your skills to dress up a home, you should do it! Of course, you should consider your finances and future home outlook as well.
- Family and Lifestyle – Finally, don’t forget about the impact that this decision has on your family. What’s ideal for you may not be the best for your spouse, or it might be difficult for your kids – the ones who often feel the effects of these choices the most. So it’s important that you consult your family and reach some sort of an agreement before making that final choice.
Heads or Tails?
It’s time for a coin toss. Well, not really. The direction you take when it comes to the renovation vs. moving debate is something you can ultimately decide as opposed to chance. Even after a consideration of all factors, however, you may still feel unsure of what decision to make. So in these instances, you need specific guidance, and you can find it by looking at scenarios similar to your own. Examining what others have done can serve as a good reference for what you should do with your own home.
The Flip or Dip Dilemma: What Have Others Done?
- The Shanks Family – David and Elizabeth Shanks, along with their daughters lived in a small home in Tenafly, New Jersey. Their daughters – after moving out – didn’t want Mr. and Mrs. Shanks to move or renovate the house. David loved cooking, but his kitchen was quite narrow along with his bathroom. Instead of purchasing a new home, he had his current house remodelled to suit his style and wants. The primary driving force here was most likely for lifestyle, since Tenafly is so close to New York City where David works.
- Peggy Vandervoot & Mijo Mirkovic – This couple from Ridgewood, New Jersey also decided to choose the remodelling route as their children went through high school and college. One married, while the other moved back in after college before attending medical school. Vandervoot went on to say, “We’re of the mindset that when your kids go to college, they don’t go away and stay.” It’s clear that her deciding factors were heavily focused on her kids.
Again, the choice to move or choose home renovations as an alternative depends on you, and not what others say. There’s an increasingly common trend where homeowners are focusing on remodelling as opposed to an outright relocation since it’s often less expensive. However, that shouldn’t deter you from making a move if necessary.
Think it Through
Ultimately, the choice you make should reflect your life circumstances and the well-being of your family. Always think first about the future, since your current decision can make things easier or harder in the long-term. With that said, don’t neglect the present completely. You can avoid a lot of backbreaking work by making the right choice beforehand, and you might spare yourself from having to make unnecessary repairs. Look closely and carefully at the tasks at hand, whether they involve garage door repair, driveway paving, or even professional moving. Your best bet is to hire professionals who can help you execute your plans in a precise fashion, so that your decisions don’t turn into regrets later on. For example, hiring contractors for work involving residential garage doors saves not only time, but also reduces your risk for injury. So take comfort knowing that there is no right or wrong choice, but only solutions that work for you and your family.
Looking for advice on how to integrate garage door repair with home renovations? Get in touch with us so we can help you make that possible.