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Should We Move and Buy, or Stay and Renovate? 5 Key Questions

Should We Move and Buy, or Stay and Renovate? 5 Key Questions

Marilyn Moedinger's avatar
Marilyn Moedinger
Aug 20, 2024
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Building Knowledge
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Should We Move and Buy, or Stay and Renovate? 5 Key Questions
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While interest rates are having a big impact on most people’s answer to this question these days, it’s still front of mind for many people:

“Is the house where we’re living now where we should stay? What is possible in a renovation? Can we afford it? Do we want the hassle?”

“Should we just sell this one and buy another one that suits our needs better?”

Before…dated, tons of deferred maintenance, cheap windows and doors, chopped up/DIY interior…but *amazing* location, in Somerville, MA!
And…during [as of August 2024, we’re almost done]

Most people have to consider all of the above!

Over the last 20 years of my career on both the construction side and on the architecture side [and also on the ownership side, both as an investor and with my own home], I see folks completely stymied by this decision over and over and over again.

It’s why I started a consulting business, where I talk with people one-on-one about this exact decision and how to navigate it - because there is *such* a need for help with these questions.

So this newsletter edition is a little taste of what I discuss with folks in those sessions. When I meet with folks, I help them look at these questions from a variety of angles, including the emotional side - homes aren’t just financial investments, they’re where we raise our families and make memories!

Ok, let’s dive in.

Here are 5 key questions to ask yourself:

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