So you’re interested in a new change that will completely transform your lifestyle and make you feel like you just started a brand new life. A lot of people yearn for these types of life-changing transformations, and if you experienced an inspired move that helped you like this in the past, you’re probably already envisioning the many positive changes that are on the horizon.

blocks showing home building design

According to most experts, selling your home is not the most practical choice to obtain these advantages. Instead, there are several reasons why remodeling and even adding a few new rooms might be a better option:

• Moving isn’t always a good idea if you want a home that’s much better than the one you currently live in. Larger homes and improved quality can be better obtained through remodeling, since you’ll even be able to expand your home through several new rooms and areas at a price that’s much lower than that of buying a brand new, larger home.
• You can’t always afford to move unless you get a much smaller home, or perhaps a cheaper one in a less suitable area. If that isn’t an option for you, then a remodeling project is the next best thing.
• Finally, you have to remember that remodeling your old home gives you the option to get creative while maintaining a familiar feel. Some parts of your property will still feel like home, while others will be completely renewed.

Speak to knowledgeable mortgage broker Denver professionals to discuss the financial ramifications of selling your home versus financing a renovation with home equity funds.