Reason to Move No. 8 - Remodeling Is Too Expensives
You can profit from an intelligent remodel, but in reality, some remodel projects are not worth the investment or effort. Ultimately, you should spend your money the way you would like, so if installing a $20,000 custom-built bathtub imported from Italy in your $80,000 house makes you happy, then go ahead and do it. However, many of us would like to make decisions that are practical and will bring us years of enjoyment. In these cases, we need to weigh the cost and benefit of a remodel versus a move. If your dream is to live in an affluent neighborhood with large lawns and 4,000-square-foot homes and your neighborhood is full of bungalows with single-car garages, the chance of your getting what you want for a reasonable amount of money by remodeling is unlikely. In addition, it is cheaper to build new than to remodel. Starting from scratch is easier than working with what is already there. So before you take the plunge on a major remodel, consider what you could get if you invested the money in a new home.
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