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Remodeling  /  September 21, 2022

Etobicoke Handyman: Remodel or Move?

Remodel or move

When your home no longer fits your needs, it’s time for a change. You have two options: Buy a home or hire remodelling services in Etobicoke. Each has benefits and downsides, so you should research before making a decision. To help you take the first step on this journey, here’s a breakdown of the biggest pros and cons.

What Are the Benefits of Remodelling?

One of the biggest benefits of remodelling is the cost. Renovations are much cheaper than buying a house, even if you make significant changes, such as adding a room or creating an open layout. Of course, major renovations can still cost tens of thousands of dollars, so keep that in mind as you consider your options.

Remodelling can also save money in the long run by updating windows, doors and appliances. All three greatly impact energy costs, so updating them to energy-efficient models can lower your electricity bills. Changes to your HVAC system, flooring and insulation may have similar effects.

Finally, you can customize your home to fit your needs and style. Since you already know what does and doesn’t work, you can keep what you love and update the rest. Depending on the changes, your property value may increase, which means you have more equity should you decide to get a home loan in the future.

What Are the Downsides of Remodeling?

Unfortunately, renovations don’t happen overnight. Depending on the project, your home could be under construction for weeks or months. Having strangers in and out of your house will likely get annoying, as will the dust kicked up by demolition. If you work from home, you’ll also have to contend with the noise.

In some cases, you may have to stay somewhere else until your residence is habitable, which means extra costs for a hotel or Airbnb. Staying with relatives is a good alternative, but it can still be inconvenient and crowded.

Finally, with higher property value comes higher taxes. You’ll have to budget this cost every year, in addition to your mortgage and insurance.

What Are the Benefits of Selling?

Having a brand new house means you don’t have to worry about appliances, plumbing or electrical wiring requiring imminent repairs or replacement. If you’re buying a custom home, you also have control over the layout, ensuring the residence perfectly matches your family’s needs.

A bigger place also means more room to grow. You can add furniture, dedicate a space to your hobbies and plan for children without worrying about storage or crowding.

What Are the Downsides of Selling?

Custom homes are usually more expensive than older houses, so if you want a completely personalized abode, be prepared to pay. If you decide to purchase a home as-is, you may have to compromise on certain features. Depending on your local market, you may end up remodelling anyway.

Even if you find a cheap location, you’ll still have to spend hundreds of thousands of dollars. That means getting a mortgage, which puts you in debt for decades.

Finally, buying a new house means moving. Packing, transportation and unpacking are massive undertakings that cost money, time and energy. If you’re moving a great distance, you should also consider the stress of finding a new job or commuting, getting kids settled in a new school and being far from friends and family.

Why Hire Remodelling Services in Etobicoke?

If renovations sound like the best way forward, it’s time to search for “a handyman near me.” You’ll discover Handyman Connection, a team of home improvement professionals dedicated to transforming houses old and new. We offer flooring, plumbing and electrical services, ensuring you only have to hire one company for all your remodelling needs. To request an estimate, call or contact us online.

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