Most families will reach a point in their lives where they find their present home no longer meets their needs.
This could be can be caused by a number of issues like the number of bedrooms, an outdated kitchen, or a suppressive layout. Even if the family would prefer to stay in the same home, sometimes it is too impractical to renovate.
Many people find themselves in this situation and wonder how they should proceed for the best return on their investment. For those people, there are three options that can be taken: remodel the current home, move to a new home that suits your needs, or build the home you need.
Each option has its own pros and cons, and they should be taken into consideration before rushing into a final decision.
Below, the infographic Renovate, Move, or Build a New Home? provides a number of those factors.
In your considerations, you must include your budget, your emotional ties to your neighborhood and home, the current real estate market, your tolerance to inconvenience, the amount of available free time, and more.