Should You Move or Remodel?
For many homeowners, there often comes a point when you realize – I need more space. That modestly-sized one storey house was ideal when you moved in eight years ago, but that’s just not the case anymore. Maybe you have made the shift from an office job to working from home, or maybe you have a kid on the way. Either way, the question that often needs to be answered is this: Should you move or remodel?
Thinking about remodeling or home additions may be tempting, but you are worried that it may cost more than it is worth. But then again, moving house is by no means cheap! Integrity Contracting is one of the premier providers of construction services throughout the Greater Toronto Area, and our aim is to provide you with helpful information that might facilitate your choice. When making that all-important decision, here are a couple of key things that you should consider:
Do you like your neighborhood?
Do your children have good friends in the area? Do you see yourself and/or your family being content there for the next five, ten, twenty years? How long is your commute to work? How do you feel about a fresh start? Perhaps it is something that you desire, or perhaps you know it is just not the right time.
Which option makes the most sense, financially?
Home additions are definitely an investment; depending on the scale of the project it could take a significant amount of time and be incredibly inconvenient. (Think construction crews trampling in and out of your home for weeks.) On the other hand, you get to design and build exactly what you need, and house additions often recoup between 60% and 80% of their original cost. Moving house comes with a whole different set of financial commitments, including agents’ fees, mortgage fees, and moving van costs, not to mention all that time and energy you will spend packing and unpacking.
While neither option comes without its drawbacks, it might be safe to say that if you are happy with your current location and do not want to deal with the headache of finding a new home and having to resettle in a new neighborhood, then house additions are the best way to go. However, if you relish the opportunity for a big change, or if you simply need a lot more space, it would make the most sense to just start anew.
Remember to check your area’s zoning guidelines
If you decide to remodel, you will need to find out what types of home additions are possible for you; often there are laws that severely limit the types of changes you are allowed to make to your house.
If you would like to explore some of the available options regarding building a home addition, consider talking to one of our professionals at Integrity Contracting. We will help you find the remodeling option that suits you best.
Contact us today for your Toronto Home Additions questions
Integrity Contracting is known for quality work, honesty and professional results that increase value to our customer’s properties. We know we can provide you with answers and solutions to your projects needs; we are qualified, licensed professionals – proven & trustworthy – who always deliver projects on time and on budget. We specialize in Home Additions, Framing, Basement Underpinning, Demolition and Excavation. Visit us on Google+.