It’s the question on every homeowner’s mind these days: Do I stay and fix it, or sell and find something that fits my needs better? With inventory still tight and interest rates top of mind, the decision to renovate or relocate isn’t always black and white.
Let’s break it down.
If you love your neighborhood, have a manageable mortgage, and your home just needs a cosmetic refresh (think kitchen updates or opening up a floor plan), renovating may be the smartest move. You get to stay where you’re comfortable while boosting your home’s value and functionality. Just be sure to weigh the cost of construction, the inconvenience of living through a remodel, and how long you plan to stay after the updates.
On the other hand, if you’ve outgrown your space, your home lacks the potential to meet future needs, or the renovation costs creep close to what you’d spend on a new home, you may be better off relocating. Especially in a market like ours, where well-maintained, move-in-ready homes are still commanding strong buyer interest.
The good news? Whether you renovate or relocate, both paths are a win if they align with your lifestyle and long-term goals.
Not sure which direction to take? I help homeowners explore both options every day, and I’m always happy to run the numbers with you.
As always, should you have any questions regarding the Naperville real estate market, we are here to help. Call us at (630) 636-8444 or email gretzrealestate@gmail.com.
