How to decide whether to remodel your home or move

Remodeling your home can be a major undertaking, especially when trying to decide whether it’s better to stay put or move to a new place. The decision involves more than just finances; it’s about your long-term happiness, the functionality of your current home, and what you want in your living space. Working with a design-build firm that offers in-house architecture, interior design, and a skilled production crew can make this process smoother and more rewarding. Here’s how to weigh your options.

1. Clarify Your Goals: What Do You Want to Change?

Start by identifying the changes you’d like to make in your home. Do you want to open up your living space, add a new room, or modernize your kitchen and bathrooms? Understanding these desires will help shape the scope of your project and guide your budget.

A design-build firm with an in-house architect and interior designer can help you refine these ideas and create a cohesive plan that aligns with your vision. According to a National Association of Realtors (NAR) report, 84% of homeowners experience greater satisfaction with their homes after remodeling. But a big disclaimer, that was reported back in 2022 and even in the last two years many things have changed including interest rates and overall homeowner sentiment. Still, with the right team you can achieve the changes that make staying in your home a long-term joy.

2. Understand the Costs: Remodeling vs. Moving

Remodeling costs can vary significantly based on the scope of your project. Nationally, the average cost of a kitchen remodel is around $25,300, while bathrooms can run about $10,600, according to HomeAdvisor. Even Denver’s Mile High Magazine 5280 has quoted a major kitchen remodel at $75,000 which includes a few walls moved, new cabinets, countertops, and appliances. The point here is that whatever project you intend to perform on your home in terms of home remodeling, it is best to understand there is no magic number to the price. Depending on a selection and finish choices, discoverable conditions of the existing home, and material costs; a price for remodeling a home can vary widely. Which is why planning and consulting is so vital for a homeowner. Collecting estimates and bids is time consuming and difficult, but with the right help leading the charge, any home remodeling project can be affordable and efficient. With a design-build firm, the process is streamlined, and costs can be more accurately predicted since the same team handles the design and construction phases.

Compare this to the costs associated with selling your home, such as real estate commissions, closing costs, and the expenses involved in preparing your home for sale. These can quickly add up and may make remodeling a more appealing option, especially if you’re attached to your current location.

3. Leverage Market Conditions: Is Now the Right Time to Move?

Real estate market conditions play a crucial role in your decision. In a seller’s market, you might sell your home quickly but struggle to find a new one. High mortgage rates can also increase the cost of buying a new property.

A design-build firm can help you assess whether remodeling will provide the upgrades and space you need, potentially increasing your home’s value and allowing you to enjoy the benefits of a custom renovation without the hassle of moving.

4. Location, Location, Location: Are You Happy Where You Are?

Your satisfaction with your current neighborhood is a major factor. If you love your location, remodeling might be the better choice, especially if it means staying close to good schools, work, or community amenities.

A design-build firm can tailor the remodeling project to enhance your current home while keeping you in the neighborhood you love, potentially avoiding the stress and uncertainty of relocating.

5. Evaluate the Inconveniences: Remodeling with the Right Team

Remodeling can be disruptive, but working with a design-build firm minimizes the stress. With an integrated team of architects, designers, and builders, the project is more organized, timelines are better managed, and communication is streamlined. You’ll have a clear understanding of what to expect, reducing the likelihood of unexpected surprises that can derail your plans.

6. Consider the Long-Term Benefits: Customization and Increased Value

When you remodel with a design-build firm, you’re not just making changes—you’re customizing your home to fit your unique needs. Whether it’s a kitchen upgrade, adding hardwood floors, or converting an attic into a living space, these improvements can significantly increase your home’s value.

Moreover, the collaboration between the in-house architect and interior designer ensures that the aesthetics and functionality are aligned, providing a home that truly reflects your style and meets your needs.

The Bottom Line: Remodeling with a Design-Build Firm

Deciding between remodeling and moving comes down to your budget, goals, and local market conditions. However, when you choose to remodel with a design-build firm that offers comprehensive services, including in-house architecture, interior design, and a dedicated production crew, you’re investing in a process that is efficient, cohesive, and customized to your needs. This approach not only enhances your living space but can also make staying in your home the more rewarding choice. Sustainable Design Build is always available to homeowners of Denver and the surrounding areas to help consult and provide exemplary service for home remodeling. Our years of experience and refining of the design-build process is invaluable for homeowners who are either looking to break ground today or simply learn more about their options.