Due to the pandemic, the desire for homes that are more comfortable and worker-friendly has drastically increased. According to a survey done by the American Institute of Architects, 69% of respondents want to have a home office, and 70% of respondents want to have more outdoor living space. The pandemic has definitely changed many families' ideas of what a home is. To that end, there are several homeowners who have now transitioned to permanently working at home. Are you one of the thousands of Americans who are reconsidering the layout of your home? Do you think that it might be better to remodel or simply purchase a new home? There are several things that you should consider.

To Remodel

If you are interested in doing a remodel to your home, there are a few things that you should take into account. The cost of remodeling has skyrocketed due to supply chain demands. Even though that is the case, a remodel still could be much more affordable than purchasing a new home. Even if you have the skills to do your own remodel, you do well to make sure that you are dealing with a professional who knows how to help you follow all of the guidelines when it comes to regulations and licenses.

To Buy a New Home

If you are thinking that you are interested in buying a home, then there may be a variety of reasons. You may own a difficult home to remodel, you may desire to live somewhere else, you may not want to put your family through a remodel, or you may already have a new home in mind. The great thing about buying a home is that you are able to use the proceeds from the sale of your previous home to put towards your new home, and depending on where you are moving from and to, you may actually make a profit after selling your original home and buying your new one.

Should I Renovate or Sell My Home?

The decision to buy a new home or renovate is completely up to you and your family’s needs. Your family may desire a completely new change of scenery, or your family may love your home but they may want to make some additions in order to make your home more comfortable. Whether you choose to renovate or sell your home, you are going to need some sort of capital. You do well to get in contact with a real estate agent in Baton Rouge in order to discuss your options. A professional can help you to iron out all of the numbers when it comes to a renovation or a purchase. In this way, you can make a decision with the proper amount of insight.

Now Is The Time to Act

Whether you are interested in remodeling or purchasing a new home, there is no time like the present. Even though we are living in a buyer’s market, the mortgage rates are at an all-time low. According to the Federal Housing Finance Agency, more than 50% of mortgage holders have a rate that is below 4%, and it is forecast to increase within the next year. If you are considering remodeling or purchasing, you do want to contact a qualified professional who can help you make the right decision for you and your family’s future.