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3 Big Housing Decisions You May Face

Monday, February 14, 2022   /   by Joe Johnson

3 Big Housing Decisions You May Face

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Housing decisions are never small. Where you choose to live impacts your budget, your job prospects and your social life. 

And in the future, your home plays a major role in what your retirement might look like (financially and logistically). 

For these reasons, housing decisions require plenty of careful consideration.

Want to be prepared to make the right choice when the time comes? Start here.

1. Should you build or buy? 

Both building a new home or buying an existing one can be good choices. You’ll typically pay more for a new home, but it will likely need fewer repairs and have lower maintenance costs. 

Existing homes, on the other hand, are usually cheaper upfront. They may come with more issues and potential repairs, though.

2. Is it better to move or to remodel? 

There will typically come a time when you outgrow your first house. When this happens, you’ll need to decide whether updating (or expanding) that property is best or if you’re better off finding a new home instead. 

Renovating will come with some hassle and mess, but if you love your location or your kids’ schools, it can be a smart choice. Buying a new property would allow you to change some of those foundational aspects — things like location, school district and community amenities.

3. Is it time to downsize? 

As you age and your kids move out, you might consider a smaller house. Downsizing can reduce your monthly costs, free up cash flow and reduce the amount of cleaning and maintenance you need to do. 

On the other hand, it may be hard to part with your long-standing home — both for you and your grown children. You’ll also want to think about things like your budget, long-term retirement plans, physical comfort and more.

Need help making a big housing decision? Let the Reiner Realty Team help! Give us a call today at 540-494-9284 or click HERE.

Reiner Realty Group, Realtors with Lichtenstein Rowan
Rene Reiner
3621 Manassas Drive
Roanoke, VA 24018
540-793-4095
Joel Balsley
NMLS#210455
Licensed in VA
Office #: 540-278-1430
Mobile #: 540-597-8877
joelbalsley@atlanticbay.com


Featured real estate company is not a mortgage lender and so you should contact Atlantic Bay Mortgage Group, L.L.C. directly to learn about its products and your eligibility for such products. The featured lender has an affiliated business relationship with the featured real estate agent. You are under no obligation to use the featured lender for financing. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlsconsumeraccess.org) is an Equal Opportunity Lender. Located at 600 Lynnhaven Parkway Suite 203 Virginia Beach, VA 23452.
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