There comes a time in the life of every homeowner when they must ask themselves the question: should I expand my current house or buy a bigger one? Both options have their own set of pros and cons, and it can be challenging to decide which is the best option for you. We will explore both options in-depth and help you make the best decision for your family.
By Team Savant
Image: Andriyko Podilnyk
1. Expanding Your Current House
This is a great option for homeowners who want to stay in their current homes and don't want the hassle of moving. By expanding your current house, you can add on extra rooms or even an entirely new floor, which can give you much needed extra space. The best part? Expanding your home won't break the bank; in fact, it can be surprisingly affordable.
However, there are some downsides to expanding your home. First of all, it can be disruptive - especially if you're adding on a whole new floor. You'll likely have to live with construction noise and dust for several weeks (or even months), which may not be ideal if you have young children or pets. Additionally, expanding your home can be challenging and time-consuming; you'll need to get permits, construction products, hire contractors, and coordinate all the work.
Overall, if you're looking for a way to add extra space without moving, expanding your current house is a great option. Just make sure you factor in the potential downsides before making a decision.
2. Buying A Bigger Home
This is an option for homeowners who want more space but don't have time or money to expand their current homes. By buying a bigger house, you can get the extra room and square footage you need in one easy transaction. Plus, this may be your only choice if you're looking for more than one or two extra rooms.
However, buying a bigger home can be expensive and time-consuming. You'll need to sell your current home first, which may take months, depending on the housing market in your area. Then you'll have to find a new house with all of the features you want - no easy task! And finally, you'll need to move into that new house — an experience that is never fun for anyone involved (especially if there are children involved).
Overall, this option may seem like an easy solution at first glance, but it actually requires more work than expanding your current home (not to mention more money!). Before making any decisions about moving vs staying put in your current space, consider how much time and effort you have available to spend on this project.
At the end of the day, only you can decide which option is best for your family. If you're happy in your current home and want to stay there, expanding it may be the best way to go. But if you're feeling cramped or are longing for more space, buying a bigger home may be a better choice.