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Renovating vs. Buying a New Home: What’s Better for You?

Little & Sons Insurance Group / Homeowners Insurance  / Renovating vs. Buying a New Home: What’s Better for You?
Buying Vs. Renovating Your Home

Renovating vs. Buying a New Home: What’s Better for You?

There comes a time when you know you need to make a change. Your house is getting older, and things may be starting to show visible wear and tear. You have two options. You can sell your home and relocate, or you can choose to renovate or remodel it. Remodeling allows you to make the necessary changes and upgrade your home, so it meets your needs. Both remodeling and renovating have advantages, but there are disadvantages as well. You must weigh your options carefully and do what makes the most sense for your situation.

Pros of Relocating

Moving to a new home offers a fresh start in many ways. You may be able to move closer to where you work. If your children are grown and out on their own, you may want to move to a smaller home. Relocating allows you to purchase a newer home requiring much less maintenance than your existing home. A newer home will also have possible upgrades like home automation and advanced security systems. Relocating will bring a lot of new changes as well as new opportunities. It’s up to you to look for a new home that you want.

Cons of Relocating

Relocating may have advantages, but there are also disadvantages. Buying a new home can be a little overwhelming, especially if you buy one with all of the upgrades and amenities included in new manufactured homes. If you are moving from one location to another, there will also be moving expenses that you will have to consider. Downsizing will involve getting rid of some of your possessions as well.

Pros of Renovating

Renovating your home will be cheaper than purchasing a new one and may increase your home’s value. Careful planning will help you navigate the renovation process and stay within your budget. Renovating allows you to stay in your home and make the changes you feel are necessary. Moving from a home you have lived in for many years can be difficult, especially if you already know your current home’s little quirks or oddities.

Cons of Renovating

The biggest con many homeowners face when renovating their home is the dust and debris that tends to take over their living area. If the renovations are extensive, you may need to move out of your home until all or part of the renovations have been completed. During the renovations, your life will have to revolve around all the work at your home. Before taking any action, you will need to plan carefully. Do your research on what materials are best and how they will impact the cost of your renovations.

Related Article: How is Your Home Insurance Impacted if You’re Renovating Your House

Get the Best Coverage for Your Home with Little & Sons

Choosing to relocate or renovate your home is a huge decision. Know what you need and create a plan that will allow you to get it. Contact our expert agents at Little & Sons Insurance Services as soon as possible to learn what options are available to you. We will help you find a perfect home insurance solution that offers you everything you need without worrying about going over your budget.

Little & Sons Insurance Services

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Little and Sons Insurance Services is your complete insurance resource. Since we were established in 1922, we assist individuals and business owners with all of their insurance needs, whether it be for auto, home, or commercial insurance. As an independent, full-service insurance agency, our duty is to our clients’ best interests.

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After 23 Years of serving our clients at our location in Beaumont, CA it is with a heavy heart that we are consolidating our operations to our Banning Office. We will be available all the same hours and will work to make this transition as smooth as possible. Thank you for your continued business and we look forward continuing to serve your insurance needs. Our contact information will stay the same so feel free to contact us.

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