The house that was your dream home when you initially bought it probably won't stay that way forever. Life changes, such as a new job, growing family, or an empty nest, can make your once ideal home less perfect as time goes on.
But should you relocate or renovate? It all depends on what's driving the change.
Relocating
What makes moving the best choice? When there are features in your current home you just can't get through a remodel, such as:
- You have a new job that means a longer commute from your current home.
- Your kids are ready to head into high school and you're wanting to move school districts.
- Your family is growing quickly and you're running out of space.
- You can no longer afford your home, in payments or maintenance.
Renovating
Some homeowners just can't imagine leaving behind the memories they've built in a home. That's one instance where renovating your existing property to suit your needs makes sense. Here are a few more:
- A different footprint rather than more square footage could solve your space issues.
- Your home is in fairly good shape and you won't find any hidden costly surprises.
- Your home has some outdated features but is otherwise comfortable.
- The cost to make changes won't price your home much higher than the surrounding neighborhood.
Whether it's time to fix up your current property or prepare to move on to your next dream home, CorTrust has financing solutions, such as our HomeStyle® Renovation Mortgage, to get you where you want to be.