Photo by Cindy Funk

Update: Looking for a new home can be exciting and challenging, and you may stumble upon your dream home. But it’s more likely to be stressful, exhausting, and you might not be able to find a house that suits you at all. If you have precise ideas about the home you want, it may be easier to simply embark on a remodeling project in the home you already have. That way, you can get exactly what you want and you get to oversee every single detail. Daily contact with the project ensures that you’ll be able to create the home you’ve always wanted without the bother of trying to find it elsewhere.

Another significant advantage of remodeling is you most likely will get a home that more closely fits your needs than if you move. If you move, you will have to envision yourself living in one of five to ten homes that best meet your requirements when you are house hunting. It is unlikely that any one is ideal. Each one will require you to make a variety of compromises, such as the neighborhood, the yard, the floor plan. The list goes on and on. And it is likely that you will want to make some changes to your new home as well. In the end, you may be trading old problems for new ones. Plus you will be paying for the privilege of moving.

If you remodel, you already have a list of features that you know, through years of experience, could be improved in your home. After you add the family room, remodel the kitchen, and complete all the other projects on your list, there is a good chance your remodeled home will better fit your needs than if you moved.