Christian Community Mortgage Resource Network
Moving or Improving
The two main reasons people begin to question their home situation is the age of their home and changes in their lifestyle. Here is a checklist for you to review both sides of the "improve and stay" or "move" issue for you and your family:
| Improve and Stay | Move | |
| 1. Review the location of your current home in relationship to your work, schools, shopping, recreation, etc. | 1. If you have a home or new location in mind, compare the location to where you live now. Is it as convenient? | |
| 2. Do you have close ties to your current neighborhood, friends, family nearby? | 2. Will your new neighborhood provide you closer access to friends and/or family? | |
| 3. Make a list of the pluses and minuses of your current home. Can you change the things that are minuses? | 3. Make a list of what you want in a new home that you cannot achieve in your current home. | |
| 4. What would it cost for you to make the changes you want in your current home? | 4. What would it cost for you to get what you want in a new home? | |
| 5. If you make the improvements you want, will it improve the financial investment of your home? | 5. List the things you would have to buy to give your new home the amenities you know you will want - new drapes, carpets, landscaping, etc. | |
| 6. If you remodel, what will be the total monthly increase in your expenses? | 6. Estimate the costs of selling your current home, costs of moving and settling-in. |
After you review the above options, you should have enough input and knowledge to proceed with whatever direction you choose.
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