Home is where the heart is. It takes a lot of courage, effort and sacrifices to make your house a home. And once it’s done leaving that place is never an easy option to avail. If you are confused between buying a new home or renovating the one you live in, following are a few reasons to show you that renovating is a better option.
The house you live in for years has some sentimental value to you. It can never be easy for you to say goodbye to the beautiful memories that you made together with your family members.
Your child’s first steps, your parents’ laughter, your cherishable moments with your partner are some of the memories worth holding on to, instead of moving out. In some cases, people inherit their family house, so it should never be sold out as it will always be a part of identity.
Save Time And Money
From searching for a new house according to your demand, to buying it and then finally settling in requires your time and money. Hence it is a good option to make changes in your house, save yourself from the hassle and keep your capital investment for other purposes.
Even the renovations also take a good amount of your earning but it’s still cheaper than buying a new house. You only have to come up with a well thought idea.
Increased Value In Market
The market value of your house will be increased if you renovate your house. While this increase in the market value is not an attractive option for you now, in the long run this will help you to be on a safer side when hit by a financial crisis.
Furthermore renovating your own house means that you’re investing in your own asset. So in the future these renovations will pay off better as compared to before, and after that you can decide to change if you really want to.
If you have a mortgage and have spent just a few years in your house then the sale of your house will not get you more profits. So it is a wise decision to opt for renovations until the equity increases and your sale becomes profitable.
No Cost Of Moving
The cost of moving is much more expensive when put together with the choice to make renovations in terms of money. Especially when you have a modest profit on the sale of your house, the amount you spent on relocation may not be worth it.
Cost of transportation, packaging, and if something gets damaged during the process will bring chaos in your life. Moving out will also result in disturbance of the whole family’s life, and will require much more time to settle in a new place.
When you buy a new house, it is made according to the taste and preferences of some other person which may attract you for the time being. But you will still make some amendments and change the look according to your style.
So to make your living style customized, renovating your own house is the best decision. It is more convenient for you to opt this decision as it will give you more utility at the expense of zero loss.
You can also save the cost of labour by watching some DIY videos and make the changes you require for a better future. For example if you are going to retire in a few years your renovations will focus on the ideas that will help you age in a place easily and safely.