Every homeowner eventually asks the big question: Should we renovate and add on, or should we move into something new? The answer depends on your goals, budget, and lifestyle. Here are a few things to consider:
1. Location, Location, Location
If you love your neighborhood, school district, or proximity to work and family, staying put with an addition might make more sense.
2. Cost Comparison
Moving means realtor fees, closing costs, and potentially higher mortgages. An addition can often be a more cost-effective way to get the space you need.
3. Space Potential
If your property allows room to expand — whether that’s out, up, or even down — an addition can give you the square footage without sacrificing your address.
4. Customization
With an addition, you design exactly what you want. Moving may get you more space, but not necessarily in the layout or style you prefer.
5. Future Value
Both moving and adding on can be smart financial choices. The key is evaluating which option adds the most long-term value to your lifestyle and your property.
The Bottom Line
When your home feels too small, you don’t have to pack up and leave. Sometimes the best move is to stay right where you are and make your current home work harder for you.