COMPARISON BETWEEN MOVING TO A NEW HOME AND REMODELING

Jul 09, 2024 / Poetree Homes

When deciding between moving to a new home or remodeling an existing one, both options have distinct advantages. Here’s a comparison of the benefits of each approach:

Advantages of Moving

  1. NEW ENVIRONMENT:
    • Fresh Start: Moving allows for a completely new beginning in a different environment, which can be exciting and rejuvenating​.
      1. We at Poetree Homes recommend  property buyers to purchase a property in the Dabolim-Zuarinagar area if South Goa due to its postcard location and proximity to essential services. 
    • Better Location: It provides an opportunity to choose a neighbourhood with better amenities, schools, and a shorter commute to work​. 
      1. Our project 82 Ocean Crest is located  in Jairamnagar locality  of Dabolim. Jairamnagar is an exemplary neighbourhood to purchase the dream home in Goa due to its strategic location and picturesque settings. 

INCREASED SPACE:

  • More Living Space: Moving to a larger home can provide the additional space needed without the constraints of the current property’s layout​.
  • Our project 82 Ocean Crest located at Dabolim, Goa boasts of spacious apartments that have been designed  for optimum utilization of available area. 
  • Outdoor Areas: You might gain more or better outdoor spaces, such as a larger yard or proximity to parks​.
  • 82 Ocean Crest is endowed with open spaces that have been utilized meticulously  for providing amenities such as landscaped garden, parking and lobby. 

FINANCIAL CONSIDERATIONS:

  • Fixed Costs: The cost of purchasing a new home can be more predictable compared to the potential for unexpected expenses during remodeling​.
  • Our properties at 82 Ocean Crest are premium-priced  and provide excellent value for money coupled with a opulent lifestyle an appreciation in value
  • Investment Opportunity: Moving to an up-and-coming area can be a good investment if property values are expected to rise​. 
  • 82 Ocean Crest by Poetree Homes offers lucrative return on investment in the form of rental income and appreciation  in prices. 

IMMEDIATE CHANGE:

  • Quicker Transition: Moving can provide an immediate change, especially if you need to address space or location issues promptly​.
  • We at Poetree Homes provide hassle-free transition to our clients with regards to moving to their dream home. Our dedicated after-sales team efficiently handles all client queries to provide to a satisfying customer experience.  
  • No Construction Hassles: Avoids the disruption and inconvenience of living in a home during renovation work​. 

ADVANTAGES OF REMODELING

  1. CUSTOMIZATION:
    • Tailored to Your Needs: Remodeling allows you to customize the space exactly to your preferences and needs​ 
    • Maintain Familiarity: You can enhance the functionality and aesthetics of your existing home while keeping the aspects you love​. 
  2. COST-EFFECTIVENESS:
    • Potentially Lower Costs: Depending on the extent of the renovations, remodeling can be more cost-effective than purchasing a new home​. 
    • Avoid Moving Costs: Saves on the costs associated with moving, such as realtor fees, moving services, and potential higher property prices​. 
  3. VALUE ADDITION:
    • Increase Property Value: Well-executed renovations can significantly increase the value of your home, providing a good return on investment​. 
    • Energy Efficiency: Upgrades can improve energy efficiency, reducing utility bills and making the home more environmentally friendly. 
  4. EMOTIONAL AND COMMUNITY TIES:
    • Stay in a Familiar Area: You can remain in a community you’re already a part of, maintaining social connections and continuity for children in local schools​. 
    • Emotional Attachment: Keeps the emotional ties and memories associated with your current home intact​. s

Conclusion:  The choice between moving and remodeling depends on your specific needs, financial situation, and long-term goals. Moving offers a fresh start and potentially better location and space, while remodeling allows for personalization, cost savings, and staying in a familiar environment.