Remodeling VS. Selling Home - Finished Basements Plus
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Remodeling VS. Selling Home

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Remodeling VS. Selling Home

In Basement Remodeling by Adam Jensen / March 5, 2019

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When it comes to your home, space is often an issue for growing families. At the end of the day it comes down to basically two options, Remodeling or Selling. Which is right for you and your family?

Here are some pros and cons to both remodeling and selling your home.

Advantages of Moving:

  • Find the perfect Home for you and your family

Searching around for the perfect home for you and your family is one of the best parts about moving. You can find a home that perfectly matches what you need and like when it comes to design and size.

  • Many homes are move in ready

Many times, homes are move-in ready, meaning they do not need any work. Simply move in your furniture and decorate. No need to paint or do any maintenance projects.

  • Skip the inconveniences of remodeling

When moving to a new home instead of remodeling you cut out the inconveniences that come along with remodeling. You can simply sell your current home and move to a fresh new space.

Disadvantages of Moving:

  • Moving takes a lot of time and energy

Moving can take a lot of time and energy. From searching for the perfect new home to selling your current home, a lot of work needs to be done.

  • You may enjoy your current school district and neighbors

You may currently like your school district and maybe your neighbors. Moving to a new home can sometimes be a big change that comes with unexpected disadvantages.

  • The housing market can be tough, you may not find exactly what you’re looking for

The housing market is tough right now. There is not a lot of options when it comes to housing in some price ranges. You may not find a house that is exactly suited for your needs putting you in a similar scenario that you’re in now.

basement finished with closet closing off sump pump

Closing off the sump pump of this basement into a small closet helps keep the space looking clean while still allowing easy access to the mechanicals of the basement.

 

Advantages of Remodeling:

  • Customize your existing space to suit your needs

Remodeling allows you to create the perfect space for you and your family. You can design the new space to perfectly suit your design preferences and needs.

  • No need to sell your current home causing issues

Selling your home can be difficult depending on the market. You will also need to make time for real estate agents to have open houses to show off your home as well as keeping it clean and presententable during this time.

  • Find uses for unused space in your home that make it the perfect place

Some of the best remodeling projects are those that create new space within your existing home. Things such as basement remodeling can be some of the best remodeling as your not adding an addition to your home, but you are creating new usable space. When finished correctly, a finished basement can add a ton of value to your home. They typically offer a large amount of space as well, allowing you to add many features to your that it could have been lacking.

Disadvantages of Remodeling:

  • Some issues in homes cannot be solved by remodeling

Sometimes your home simply may not have enough space for you and your family. If you do not have an unfinished basement an addition may be needed which can become costly and be a bigger project than you would like. Not every issue can be solved by remodeling.

  • Can be tough to find a reputable contractor

Another tough piece of remodeling is finding a contractor that you trust will do the work right. Having something go wrong during a renovation can be rough financially and timely.

  • Living through the construction

Living through construction during a remodel is often very tough. When remodeling commonly used spaces in the home such as kitchen and bathrooms the house can be difficult to enjoy.

Move or Stay Put? Here’s How to Decide

Weigh your options and needs. Can a remodel fix the issues that you’re currently having in your home? Gather some quotes to see what it would cost to make the remodeling projects happen. Take a look at some homes on the market in your area to see if there are a lot of options to choose from. Weigh the options of moving versus staying in your current home. Do you like your neighborhood? Maybe some remodeling in your current home will make the house livable. Make sure any changes you have planned to your current home will add to its value rather than subtracting.

If remodeling your basement would a good way for you and your family to gain the space you need. Give us a call. Our Basement Specialists are ready to transform your unfinished basement into a brand new space. We work out of Novi, Farmington, Rochester, and surrounding areas.


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