It can seem like a daunting task to renovate your home instead of selling it, but there are many reasons why it might be the better option for you. Here are five reasons why you should renovate your home.
5 Reasons why you should Renovate
1. You Can Customize Your Home However You Want
Renovating is a great way to customize your home without having to move. You can add any features or elements you want, such as chopping down a wall to make your kitchen more open, adding a fireplace or a deck, or updating the flooring. You can do anything you want in your home, even if you don't have the money it would take to build a brand new home. When renovating, you have the freedom to do whatever you want—no need to move to add features to your home.
2. You Can Build Home Equity
You can add features to your home that increase its value if you decide to sell it, such as an updated kitchen, new flooring, and a fireplace. These are all elements that can increase the value of your home and make you more than what you put into it. You can even get an appraisal to verify how much the value of your home has increased.
3. You Can Avoid Moving Costs
While the costs to move can vary depending on what you have, they can still be quite high. Beyond the costs of breaking a lease and moving from one home to another, you will also have to pay for the truck and some new furniture. The great thing about renovating your home is that you don't have to pay for any of these things. If you are selling your home, you don't want to pay for these moving costs if you can avoid them. If you can cut out these costs, you can get more for your home.
4. You Can Keep Your Great Location
If you are renovating your home, you don't have to worry about moving it. Nothing can be more frustrating than moving to a new place and finding out it is just not as great as you had thought it was going to be. If you are renovating your home, you can keep your great location. You will also be able to put in all of the elements you want to make it what you have always wanted it to be.
5. You Might Have Become Attached to Your Home
If you have been living in your home for a few years, you might have become attached. You might feel like you never want to leave because it feels like a second home to you. You might not want to sell your home, considering moving to avoid being attached. If you renovate your home, you won't have to move. You can keep your home and add some of the elements you have always wanted to it.
Conclusion
If you consider selling your home, give some serious thought to renovating it instead. There are several benefits to doing this, and it might be the better option in the long run. It might seem intimidating at first, but the great thing about renovating your home is that you can add elements to it that you have always wanted and customize it in whatever way you want. This is a great way to add some value to your home without moving and still getting what you want.
Ellen Lind is a residential architect in Boulder, Denver, Westminster, and Arvada. Joyfully renovate or build your dream home with a design you love, reflecting who you are while increasing the value of your space. Feel more in control over your residential construction project, all while removing the anxiety and overwhelm as we help you design and create the home of your dreams. If you’re looking for a residential architect in Denver, we’ve got you covered! Book a call with us now!