Homeowners in New Jersey are constantly questioning whether the trouble of hiring contractors to remodel their home is worth it, or if it would be better to simply move elsewhere. Every home is unique, and it is important to weigh all the pros and cons when considering expensive renovations.
New Jersey’s expert remodeling contractors at Magnolia Home Remodeling have put together a list of things that you need to consider before making these major decisions about your home.
- How long you plan on staying in your NJ home
Whether you are simply looking to remodel your bathroom, finish your basement, install an outdoor kitchen, or you are planning a total home makeover; it is important to consider how long you will be happy living in your home. Many homeowners in New Jersey opt to downsize as their kids move out or move to a home with fewer stairs when they reach a certain age. Before investing a large amount of money into hiring remodeling contractors, think about how much time you will realistically have to enjoy the renovations.
- The potential to sell your home at a higher price
If you do not plan on living in your home for very long post-renovations, it is important to be realistic about your home’s value in the housing market. If neighboring homes are selling at a much lower price than you’re aiming for, you may have a hard time getting buyers interested. Consider the amount of money that you are planning to put into renovating versus your potential to increase the value of your home.
- Your attachment to the neighborhood
How long have you lived in your home? Have you developed friendships with your neighbors? Are your kids in walking distance from their school? These are important questions to ask when considering a move. If you are satisfied with the neighborhood that you live in, then it may be worth it to create an entirely new space on the property that you already own.
- Local laws that may get in the way of renovations
With many NJ homeowners living near the water, home remodeling contractors may run into problems with flood protection programs, or zoning laws. Depending on the scope of your remodeling plans, this may be a factor in your decision to move or to remodel.
Call us today at (855) 624-6655 to speak to a member of the Magnolia Home Remodeling team for expert advice on all your home remodeling needs.