---
title: Move or Remodel?
description: "When you’re ready for a change, you have two options: buy a new place or remodel your current one. Here are some pros and cons of each."
image: https://blog.homelend.net/hubfs/Homelend_RemodelMove_Facebook.png
---
- [(888) 749-9595](tel:8887499595)
- [info@homelend.net](mailto:info@homelend.net)
[](https://homelend.net/)
- [Login](https://apply.homelend.net/#/)
- [Apply](https://apply.homelend.net/#/milestones)
- [Today’s Rates](https://homelend.net/quote/)
- [Loan Programs](https://homelend.net/loan-programs/)
- [Blog](https://homelend.net/education/)
- [Calculator](https://homelend.net/mortgage-calculator/)
- [About](https://homelend.net/about-us/)
[tel:8887499595](tel:8887499595)
[mailto:info@homelend.net](mailto:info@homelend.net)
[](https://homelend.net/)
- [Today’s Rates](https://homelend.net/quote/)
- [Loan Programs](https://homelend.net/loan-programs/)
- [Blog](https://homelend.net/education/)
- [Calculator](https://homelend.net/mortgage-calculator/)
- [About](https://homelend.net/about-us/)
- [Login](https://homelend.net/about-us/)
- [Apply](https://homelend.net/about-us/)
- [(888) 749-9595](tel:8887499595)
- [info@homelend.net](mailto:info@homelend.net)
© 2019
[HomeLend](https://blog.homelend.net/blog/author/homelend) |
[February 25, 2021](https://blog.homelend.net/blog/archive/2021/02/25) |
[11:45 AM](https://blog.homelend.net/blog/move-or-remodel) |
[0](https://blog.homelend.net/blog/move-or-remodel#comments-listing) comments
# Move or Remodel?
Does your home no longer suit you and your family as well as it did before?
Maybe it’s too small or lacks the features you need — or you might simply want something different. When you’re ready for a change, you have two options: buy a new place or remodel your current one. If you’re not sure which is best for your situation, here are some pros and cons of each.
## **Moving**
### **Pros**
- A new home that meets all of your needs
- Maybe even a better location
- You won’t be stuck in a construction zone for weeks to months on end
### **Cons**
- Selling your home and buying a new one simultaneously can be tough
- Down payment, closing costs, and moving costs can be expensive
## **Remodeling**
### **Pros**
- Staying where you are
- Avoid the time, cost, and stress of moving
- Potential to increase your home value
### **Cons**
- Will be a long and tough process
- Limits to what you can change based on your location and property size
- Can also get costly
Side note: if you’re thinking a remodel is the way to go, we offer a Cash Out Refinance option that allows borrowers to refinance their mortgage and pull money out to use however they like. You can learn more about the Cash Out Refinance option [here](https://blog.homelend.net/blog/whats-the-benefit-of-a-cash-out-refinance).
Though both routes have their pros and cons, the right choice depends on your budget, the real estate market and your family’s preferences. If you’re not sure, reach out for guidance. We’re happy to help you figure out what decision will make the most sense for your unique financial situation.
###### Tags
[moving out](https://blog.homelend.net/blog/tag/moving-out) [moving](https://blog.homelend.net/blog/tag/moving) [new house](https://blog.homelend.net/blog/tag/new-house) [selling](https://blog.homelend.net/blog/tag/selling) [selling your home](https://blog.homelend.net/blog/tag/selling-your-home) [homeowner](https://blog.homelend.net/blog/tag/homeowner) [new homeowner](https://blog.homelend.net/blog/tag/new-homeowner) [questions](https://blog.homelend.net/blog/tag/questions) [education](https://blog.homelend.net/blog/tag/education) [home](https://blog.homelend.net/blog/tag/home)
[Previous post](https://blog.homelend.net/blog/post-holiday-credit-score-rehab) [Next post](https://blog.homelend.net/blog/5-tax-perks-for-homeowners)
No responses yet
### Archives
- [October 2024 (24)](https://blog.homelend.net/blog/archive/2024/10)
- [December 2024 (22)](https://blog.homelend.net/blog/archive/2024/12)
- [November 2024 (21)](https://blog.homelend.net/blog/archive/2024/11)
- [September 2024 (17)](https://blog.homelend.net/blog/archive/2024/09)
- [January 2025 (15)](https://blog.homelend.net/blog/archive/2025/01)
- [December 2019 (12)](https://blog.homelend.net/blog/archive/2019/12)
- [November 2019 (9)](https://blog.homelend.net/blog/archive/2019/11)
- [March 2020 (4)](https://blog.homelend.net/blog/archive/2020/03)
- [February 2022 (4)](https://blog.homelend.net/blog/archive/2022/02)
- [March 2022 (4)](https://blog.homelend.net/blog/archive/2022/03)
- [January 2020 (3)](https://blog.homelend.net/blog/archive/2020/01)
- [March 2025 (3)](https://blog.homelend.net/blog/archive/2025/03)
- [February 2020 (2)](https://blog.homelend.net/blog/archive/2020/02)
- [April 2020 (2)](https://blog.homelend.net/blog/archive/2020/04)
- [May 2020 (2)](https://blog.homelend.net/blog/archive/2020/05)
## Get a FREE rate quote in minutes!
[Get Started](https://homelend.net/quote/)
HomeLend Mortgage is a direct lender proud to serve you with honesty, integrity, and competence. We provide home loans with the lowest interest rates and closing costs possible.
[A division of Kwik Mortgage.](https://www.kwikmtg.com/)
### Contact
info@homelend.net
888-749-9595
959 U.S. 46, Suite 401
Parsippany, NJ 07054
- Company
- [About](https://homelend.net/about-us/)
- [Resources](https://homelend.net/education/)
- [Careers](https://homelend.net/careers/)
- Legal
- [Privacy Policy](https://homelend.net/privacy-policy/)
- [Terms & Conditions](https://homelend.net/terms/)
- [State Licenses](https://homelend.net/statelicensing/)
- [NMLS #138075](https://homelend.net/education/www.nmlsconsumeraccess.org)
[](https://www.hud.gov/)
[](https://www.bbb.org/new-jersey/business-reviews/mortgage-bankers/kwik-mortgage-corporation-in-s-plainfield-nj-90020476#sealclick)
© 2020 Homelend Mortgage | Company NMLS #138075 [www.nmlsconsumeraccess.org](https://homelend.net/www.nmlsconsumeraccess.org) | This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation or loan applications for properties located in the State of New York can be facilitated through this site. Not for use by New York borrowers.
```json
{
"@context" : "https://schema.org",
"@type" : "BlogPosting",
"author" : {
"@type" : "Person",
"name" : "HomeLend",
"url" : "https://blog.homelend.net/blog/author/homelend"
},
"dateModified" : "2021-10-25T15:54:05.812Z",
"datePublished" : "2021-02-25T16:45:24.000Z",
"headline" : "Move or Remodel?",
"image" : [ "https://blog.homelend.net/hubfs/Homelend_RemodelMove_Facebook.png" ],
"mainEntityOfPage" : {
"@id" : "https://blog.homelend.net/blog/move-or-remodel",
"@type" : "WebPage"
},
"publisher" : {
"@type" : "Organization",
"logo" : {
"@type" : "ImageObject",
"url" : "https://blog.homelend.net/hubfs/HomeLendLogo_TM-01-1.png"
},
"name" : "HomeLend Mortgage"
}
}
```