1. Introduction
  2. How Do You Want to Live?
  3. Can Your Current Home Handle the Renovation?
  4. What Would Remodeling Cost?
  5. What Would Moving Cost?
  6. Other Considerations for Renovating vs. Moving
  7. The Bottom Line

It’s 6:30 a.m. and you’re waiting for a bathroom – again – hoping you won’t be late to work. Two bathrooms used to seem like enough for four people, but then your daughters became teenagers, you went back to work and now, suddenly, everyone needs the bathroom for long stretches of time, at the same time, every day.

You decide to eat breakfast before you shower, even though you hate doing that, but your husband’s work papers are taking up the entire kitchen table so you have to eat your cereal on the couch. In your early morning fumbling, you spill milk all over your pajamas. You would go throw them in the washer, but it’s in the basement, and it’s just too cold down there.

If only you had a home office, a third bathroom – even a half bath would do – and a first-floor laundry room, your life would be so much easier, you think.

Sometimes your home just doesn’t meet your needs anymore and you find yourself asking, should I move – or can I remodel and make my home functional again? In this tutorial, we’ll walk you through the process of making this decision. (Eager to see how a home improvement project might add to your home’s value? See Will Your Home Remodel Pay Off?)


How Do You Want to Live?
Related Articles
  1. Managing Wealth

    Retrofitting v. Moving: What's Better for Seniors?

    Should you spend money to make your home senior-friendly or to buy a new place? Personal needs and project size determine which makes more financial sense.
  2. Investing

    Home Improvements That Really Pay Off

    Before you invest the cash from your home equity loan in a sunroom or a high-end master suite, take heed: The renovations that pay off most aren't the glamorous ones.
  3. Investing

    Which Home Updates Tend to Make Back their Money?

    Do you want to revitalize your kitchen and bathroom this year? If you’re planning to sell your home, these rooms will be major points of interest and need to shine. Without spending a fortune ...
  4. Managing Wealth

    5 Luxurious Ways to Boost Your Home's Resale Value

    Not all renovations are created equal. Here are five that are most likely to make a property appreciate (and be appreciated by househunters).
  5. Investing

    10 Ways To Increase The Value Of Your Home

    Know what you're in for before jumping into the home remodeling game.
  6. Managing Wealth

    Buying a House Before Selling Your Own: Risks and Considerations

    Learn more about the financial risks and worst case scenarios associated with buying a home before selling your current residence.
  7. Investing

    Looking To Invest In Home Improvements?

    Some home improvement projects could cost you more to complete than they’ll pay out in equity. So, here we show you the worst projects to avoid.
Frequently Asked Questions
  1. What are Common Examples of Monopolistic Markets?

    Discover what causes real instances of market monopoly, how it persists and where monopoly privilege is most common in the ...
  2. What is the gold standard?

    The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold, but ...
  3. What's the most expensive stock of all time?

    The most expensive publicly traded stock of all time is Warren Buffett’s Berkshire Hathaway.
  4. What is a "socially responsible" mutual fund?

    As the name suggests, socially responsible mutual funds invest exclusively in socially responsible investments.
Trading Center