Should I Remodel My House or Just Move?

Should I Remodel My House or Just Move?

Most people will come to a fork in the road with their home at some point, when they realize the home is no longer meeting the needs of the household. Choosing whether to move or remodel is a complex decision, with multiple factors involved and no one-size-fits-all answer.

To help you determine whether you should remodel your existing home or being the search for something new, we've highlighted a few things to keep in mind.

Decide What's Missing

Before making any decisions, determine what you're missing in your existing home. Make a list of specific pet peeves you have with the home or areas you feel your household has outgrown it. Some examples might be:

  • Too few bedrooms or bathrooms
  • Not enough kitchen space
  • There is now a need for a home office space
  • Wishing for a home gym, playroom, workshop, or other unique dedicated space
  • Unused space, too much upkeep for unneeded square footage or bathrooms
  • Too much or not enough outdoor space
  • Walkability, good school districts, or other location-related details

Compare the Cost of Moving to the Cost of Remodeling

As with many things in life, the bottom line is the bottom line. In some cases, remodeling will be more cost effective than selling and buying, but the converse may also be true in other cases. To figure out what will cost you more, here are some things to consider.

In general, it costs sellers about 15% of the sale price of a home to sell it. This includes agent commissions, repairs, and title insurance. In some cases, capital gains tax will also apply.

Costs associated with buying a home include 3%-6% in closing costs, furnishing the new home, home appraisals, and the potential for overlapping mortgages if you end up paying on both for a month or more.

Remodeling costs will vary significantly based on the project you take on. It is typical for a home renovation to range between $18,000 and $77,000. In many cases, this project can be financed via a cash out refinance, home equity loan, or home equity line of credit.

It's also important to consider the non-financial cost of a remodel. With historic construction material and labor shortages, it is reasonable to expect delays in the remodel process. Even before the shortages were a factor in remodeling, the general consensus has been that remodeling can be a stressful or emotional process. Consider whether you will be able to, and want to, live in the home during the renovation and how much time you have to manage the projects.

Sentimental Value

Emotional attachment to a home is another factor you should take into account. This might make you more willing to put up with the challenges presented by a remodel, or it may drive you to want a fresh start in a new home. Consider how you feel about your existing home and the memories you have in it, good or bad, to help decide if it's time for some TLC or time to move on.

Location

One thing you can not remodel out of your home is its location. If you love your neighbors, your children's schools, or your short commute to work, moving to a new location is a risk you may not want to take. On the other hand, the location may be the perfect reason to look for a new home. If you are curious about how other communities might suit your household's lifestyle, explore your options and imagine how living in another neighborhood might impact your life.

When you're ready to look for a new home, contact us. We have the team of experts you need to find your ideal property in Northern California.

Start Here by Looking Through the Latest Listings!

31 Properties
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3
Beds
3
Baths
2,419
Sq.Ft.
2004
Year Built
2
Days on Site
322101605
MLS
Be prepared to be impressed. Extraordinary west county retreat nestled on 4.49 acres. Enter into the single level 3 bedroom (2 are primary suites) 3 full baths home with an open farmhouse style...
2
Beds
1F11/2
Baths
1,020
Sq.Ft.
1974
Year Built
2
Days on Site
322096767
MLS
Location, Location, Location- Sunny single-story condo in most sought-after Marin Cove can be an opportunity if and when it hits the market. The location is quiet with nothing but birds making the...
Open 12/3
5647 Kameron Place Rohnert Park, CA 94928
$925,000
Neighborhood: University District
4
Beds
3F11/2
Baths
2,600
Sq.Ft.
2019
Year Built
2
Days on Site
322096925
MLS
A MUST SEE! This immaculately cared for newer construction 2019 model rarely becomes available it's the highly sought after CASITA Model Residence 4. The MAIN home boasts an open floor plan with...
$875,000
Neighborhood: Gordon Ranch
4
Beds
3
Baths
2,834
Sq.Ft.
2005
Year Built
2
Days on Site
322099561
MLS
Beautifully maintained 2,834 sqft home located within the Gordon Ranch subdivision in south east Santa Rosa. Classic, elegant, and spacious this home is situated on a premier corner lot leading to a...
Open 12/4
50 Altamont Avenue Mill Valley, CA 94941
5
Beds
4F11/2
Baths
4,707
Sq.Ft.
1989
Year Built
2
Days on Site
322099491
MLS
Incredibly Spacious Home with Central Mill Valley Location! Expansive and stylish, gated estate property, ideally situated with easy commute access, and close to MV Recreation Center, schools, bike...
$1,895,000
Condo: Peacock Pointe
4
Beds
3
Baths
2,503
Sq.Ft.
1988
Year Built
2
Days on Site
322101336
MLS
This Peacock Pointe Townhouse offers a resort like lifestyle for active individuals. A wonderful home, freshly remodeled and ready to move in. Bright kitchen including a master chef gas stove and...
2
Beds
2
Baths
1,160
Sq.Ft.
2014
Year Built
2
Days on Site
322101488
MLS
Vacant /Clean Ready to move in. This only 8 year old manufactured home has brand new paint and carpet. Spacious floor plan, close to community garden pool and recreation hall. Rancho Cabeza is a...
2
Beds
1
Baths
988
Sq.Ft.
1932
Year Built
2
Days on Site
322101674
MLS
Phenomenal Home Site(s) on highly sought location in Sonoma Valley. The value of this real estate is in the gorgeous land. Approx. 6.1 acres zoned with the potential for 2-acre minimum lot sizes....
Open 12/4
86 Autumn Leaf Drive Santa Rosa, CA 95409
2
Beds
2
Baths
1,401
Sq.Ft.
1972
Year Built
2
Days on Site
322098554
MLS
Charming single-level home in Oakmont with views of Hood Mountain & fantastic backyard! The 1,401+/- SF, 2 bedroom 2 bath boasts the Manzanita functional, open floor-plan. The 7,200+/- SF lot...
3
Beds
2F11/2
Baths
1,826
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1995
Year Built
2
Days on Site
322101756
MLS
Views and privacy from both floors in this meticulously maintained home in lower Fountaingrove. The light filled 3 bed/ 2.5 bath home boasts an open living and dining room with vaulted ceiling, a...
$835,900
Neighborhood: Willowglen
3
Beds
2F11/2
Baths
1,888
Sq.Ft.
2022
Year Built
2
Days on Site
322101755
MLS
Welcome to W Section at Willowglen! Completed Brand New Construction Single Story home ready to move in. This remarkable Acacia home has too many designer features to list them all. The warm and...
$495,000
Condo: Lincoln Manor 2
3
Beds
2
Baths
1,272
Sq.Ft.
1973
Year Built
2
Days on Site
322101643
MLS
Located on a quiet interior, cul-de-sac, this hard to find single-level condominium has lots to offer. The home has a freshly painted interior with new flooring throughout. Attractive floor plan with...
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