Should we Renovate or Move?

Originally posted on Toronto West Real Estate:

This is a question many of my clients have right now.  Baby boomers are enjoying a lifestyle that involves more entertaining and weekend guests . The open concept living space and private bathrooms become more of a focus now that children are gone and only adults occupy the home. A single bathroom on the second floor is not enough, the small galley kitchen keeps guests remote from their host. Taking inventory, you need to make a decision — fix up what you have, or buy a new home?

 When choosing whether to remodel your home or buy new, remember that more than just your home comes into play. Consider the following:

  • Check out your neighborhood: Have many other homes made upgrades?
  • Do you like your neighbors, or would you enjoy meeting new people?
  • Would your proposed upgrades put your home in a higher price range than the others surrounding it? …

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