Reasons You Should Remodel Instead of Moving Again

If you turn to the home improvement channel on your TV, it’s only a matter of time before you see a show where homeowners are trying to decide if they want to move out of their current home or remodel it to better fit their needs. Do you find yourself in the same position? When you’re no longer happy with your home, it can be tempting to pack it all up to find a more “perfect” place. However, there are several reasons you should remodel instead of moving again in Ann Arbor, which we explore below. 

If you do decide to stay put and renovate your home, our experts here at Atlas Home Improvement are here to help. We invite you to call us at 734-259-4374 or contact us online to start planning your home remodeling project. 

6 Reasons You Should Remodel Instead of Moving Again

Before you pack up your house, consider the following benefits of remodeling instead of moving in Ann Arbor.

1. You Can Avoid High Interest Rates

Currently, interest rates on 30-year mortgages are at a 22-year high, with some financial experts predicting that they will continue to rise for the time being. Instead of moving to a new home and getting locked into a high rate for the foreseeable future, you can opt to renovate the parts of your home that no longer fit your needs. 

Whether you need to overhaul your kitchen or create a safer bathroom, our experts at Atlas Home Improvement are here to make it happen. 

2. You Can Build Equity in Your Home

Along with high interest rates, housing prices are up right now as well, making it a seller’s market. While that might make it tempting to take advantage of the market by selling your current home, you’ll also need to buy a new one, which will be harder with the higher costs. 

If you’ve lived in your home for a while, you’ve likely built some equity in it, which will only continue to grow if you stay put. 

3. It Can Save You Time

Let’s face it: moving to a new home, even if it’s in the same town, is no easy feat. Between the time it takes to find a new location, sell your current home, pack up your belongings, make the move, and everything in between, the process can take months to complete. 

Instead of waiting all that time to get into a house you love, you could renovate your current house. Even an extensive remodeling project, like a full kitchen remodel, will likely take less time to complete compared to moving. 

4. You Can Avoid Moving Costs

When you decide to move, costs can sneak up on you, making the process more expensive than you originally thought. When budgeting for your move, you need to account for the cost of movers, new furniture you might need, packing materials, etc. Not to mention, if you upgrade to a larger home, your monthly mortgage payment will likely be more expensive too. 

While there are, of course, costs involved with renovating, depending on the scope of your project, you may end up spending less if you decide to remodel instead of move. 

5. You Can Get Exactly What You Want

When you start looking for a new house, you’re limited by what’s available in your desired location, unless you decide to build a new home. 

With a renovation, however, you have the freedom to design the exact changes you want, giving you more flexibility. This is especially helpful when aging in place. By remodeling, you are able to make you house safe and easy to move around in. Your home should look great, but also be a safe place you can enjoy without worrying about injury.

6. It May Increase Your Home Value

Depending on the updates you decide to do to your home, you can expect to see an increase in your home value as a result. For example, a midrange bathroom remodel has an average ROI of 64.2% and a kitchen remodel has an average ROI of 74.3%.

By staying in your home and remodeling it, you can get that boost in home value, should you decide to sell later, and you can enjoy the updates for yourself now. 

Plan Your Upcoming Remodel With Atlas Home Improvement

Now that you’ve learned more about the reasons you should remodel instead of moving again, we hope you have more clarity about whether this is the right choice for your family. If you decide to stay put and make changes to your home, you’ll need to find the right contractor for the job. 

Our experts at Atlas Home Improvement are here to listen to your feedback and develop a remodeling plan based on your specific needs. When you’re ready to get started on your remodel in Ann Arbor, please call 734-259-4374 or contact us online.