Making the Right Move this Spring
Spring is in the air—and for many homeowners, that means one big question is blooming alongside the tulips:
Should I renovate my current home or put it on the market and find something new?
It’s a common dilemma, and one that doesn’t always have a clear-cut answer. At Coldwell Banker Hearthside, we know how important it is to weigh your options with confidence, especially during the fast-paced spring real estate season. Whether you’ve outgrown your space, want a change of scenery, or simply crave an updated kitchen, this post will help you decide: renovate or relocate?
Spring Market Momentum: Why Timing Matters
Spring is traditionally one of the busiest—and best—times to buy or sell a home. Curb appeal is at its peak, families are planning moves before the next school year, and buyer activity is high. If you’re considering a change, the timing might be ideal to list your property and take advantage of increased demand.
But what if you’re not ready to say goodbye to your home?
That’s where the “renovate vs. relocate” debate really kicks in.
The Renovation Route: When Staying Put Makes Sense
Pros of Renovating:
- Personalized upgrades: You get to choose the exact finishes, layouts, and features that suit your lifestyle.
- Avoid moving stress: No packing, listing, or home shopping.
- Potential home value boost: Strategic improvements can increase your home’s market value over time.
Renovation Considerations:
- Cost and ROI: Will you get back what you put in? Kitchen and bathroom remodels often offer a strong return, but not all projects do.
- Living through construction: Can you handle the dust, noise, and disruptions?
- Limitations of your space: If you’re craving more square footage or a drastically different layout, renovations might not cut it.
💡 Pro Tip from CBH: Before investing in a major renovation, connect with a local real estate expert to assess your home’s current value and the ceiling for your neighborhood. You might be surprised how much buyers are willing to pay for your property as-is.
The Case for Relocating: When It’s Time for a Fresh Start
Pros of Moving:
- Turnkey options: Find a home that already has what you want—no need to live through months of construction.
- Lifestyle change: A new location could mean a better commute, more space, or proximity to top-rated schools.
- Opportunity to capitalize on the market: In a strong spring market, sellers often receive multiple offers and top-dollar sales.
Moving Considerations:
- Costs of selling and buying: Think about closing costs, moving expenses, and possibly higher interest rates or property taxes.
- Availability of your dream home: Inventory can be tight—be ready to act fast.
- Emotional attachment: Saying goodbye to a home full of memories can be tough.
How to Make the Right Move for You
No two homeowners—or homes—are alike. Here are some questions to help guide your decision:
- What’s your budget for renovation vs. purchasing?
- Is your current location ideal, or are you craving a change?
- Are your needs short-term or long-term?
- Have you spoken with a real estate agent and/or contractor?
Ultimately, the best move is the one that aligns with your lifestyle, financial goals, and long-term vision.
Let’s Talk Strategy: Renovate, Relocate, or Explore Both
At Coldwell Banker Hearthside, our local experts are here to help you evaluate your home’s potential, compare your options, and craft a strategy that works—whether that means listing your home this spring or planning a smart renovation for resale later.
Connect with a CBH agent today to explore the market or get a complimentary home valuation.