searchBarIcon
 Welcome to the ChampaignRose.com Blog

2020-01-01 12:52:16
Should You Remodel or Buy a New Home in Champaign County?
Should You Remodel or Buy a New Home in Champaign County?If you own a home in Champaign County, there will come a time when you have to decide if it's better to renovate your home or buy a new one. Most of the time, people choose to renovate. But it may be that buying a new home is a better option for you.

If you've reached the point where you need to make this decision, you should look at the pros and cons of each choice and weigh it against your personal needs.

Should You Remodel?

Are you currently comfortable in your home? Maybe you have more kids now than when you first moved in. Is your once stylish home looking outdated? Maybe you need to make major upgrades to the electrical system to make it safe.

Whatever the reason for remodeling, if you are fine with the basic layout of your home and would be comfortable living in it after a remodel, then it definitely makes sense to renovate it.

Remodeling a home is certainly less expensive than buying a home. That point is a given. On average, a 1000 sq ft home will cost $18,000 to renovate. That figure is obviously less than buying a new home.

If you chose to stay in your current home, you also won't need to readjust your family to a new neighborhood, schools, and other amenities. Remember that location plays a huge role in the value of any home.

When Is it Better to Buy a New Home in Champaign County?

As already noted, location is important. Has the livability of your neighborhood improved or declined since you first moved in? Maybe you have a neighbor that's driving you crazy. If you've lived in your home for more than a few years, your neighborhood has no doubt changed, for better or worse. That alone may be a deciding factor to move.

A change in your family structure can also be a good reason to buy a new home in Champaign County. If you're expecting or planning to have children, you may need a larger home. Or your kids have all moved out, and it's time to simplify your life and downsize.

Buying a new home is also a great way to add new spark to your life. It's a chance for a new start, to make new friends, and to change your routine.

Here are a few things to consider when making your decision to renovate or buy a home: 

Reason

Are you downsizing? Upgrading? Changing jobs? Do you just want to have a stylish and more comfortable space? If so, a renovation might be enough. But if you’re looking to have a “fresh new start” in life, then home buying is the way to go.

Financing

What is your budget to back your decision? Renovating may initially cost more than financing a home. But you can finance your remodel project with a homeowner's loan. You will need to have good credit for this type of loan. 

Timeline

Remodeling a home takes a good deal of time and can be a stressful and messy endeavor. Moving is also stressful and finding the right home can also take time. Rose Price has the experience in the Champaign - Urbana real estate market to help you find the right home for your needs.

Rose Price can help you find the ideal home in Champaign- Urbana! Start your home search now with our powerful home search feature. Make sure to check back on our blog every week for more Champaign - Urbana real estate advice. Follow us on Facebook!
 
Blog Archive
2020-02-17 20:52:16
How to Deal With Difficult Neighbors When Selling Your Home in Champaign County

2020-02-13 11:37:59
Get Your Yard Ready For Spring With These Top Champaign Landscapers

2020-02-10 18:02:11
What Documents Do You Need to Get Pre-Approved For a Mortgage in Champaign County?

2020-02-05 14:50:45
Can You Save Money On Closing Costs When Buying a Home in Champaign County?

2020-02-03 12:11:08
Start Your Valentine's Day Fun This Week in Champaign County

2020-01-29 09:17:15
Champaign County Area December Home Sales Climb Sharply

2020-01-27 13:00:53
Furnish Your Home in Champaign County and Give Back to the Community

2020-01-22 14:53:15
Landscaping Ideas to Increase the Value of Your Champaign County Home

2020-01-20 17:13:58
The Best Self Storage Companies in Champaign County

2020-01-15 13:24:36
What to Consider When Buying a Champaign County Home in the Winter

2020-01-13 13:03:37
The Best Cheap Eats in Champaign

2020-01-08 14:52:39
Prepare Your Champaign County Home Now to Prevent Pests

2020-01-06 15:56:00
The Best Places to Live in Champaign County

2020-01-01 12:52:16
Should You Remodel or Buy a New Home in Champaign County?

2019-12-30 09:22:03
Happy 2020!

2019-12-25 10:37:32
November Home Sales Moderate in Champaign County Area While Median and Average Prices on the Rise

2019-12-23 09:59:00
Wishing You a Happy Holiday Week in Champaign - Urbana

2019-12-17 15:44:47
Round Out the Holiday Season in Champaign - Urbana

2019-12-16 16:59:56
Protect Your Champaign - Urbana Home From Crime

2019-12-11 13:43:20
Why Champaign Is a Great Place to Buy a Home

2019-12-09 10:40:54
Stay Warm This Winter in Champaign / Urbana and Save Money

2019-12-04 11:37:16
Celebrate the Holiday Season in Champaign With These Events

2019-12-02 11:28:11
How to Have a Successful Final Home Walk Through in Champaign - Urbana

2019-11-27 09:45:13
Wishing All of You a Happy Thanksgiving Day!

2019-11-25 09:11:02
Champaign County Area Home Sales Show a Positive Bump in October; Median and Average Sale Prices Also Increase

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.