There often comes a time when a family finds their current home no longer meets their needs. That could be because there aren’t enough bedrooms, the kitchen is obsolete, or the layout is too constrictive. Sometimes the expense is too much, or it is too difficult to outfit the home with more current technology.
Maybe you find yourself in this situation and are wondering how you should proceed? Well, there are three options you can take: remodel the current home, move to a new home that suits your needs, or build the home you need. Each option has its own benefits and setbacks, and these must be taken into account before making such an important, and expensive, decision.
The following infographic, Renovate, Move or Build a New Home?, provides a number of factors to consider before choosing. In your considerations you must include your budget, your emotional ties to your neighborhood and home, the current real estate market, your tolerance to inconvenience, the amount of available free time, and more.