Property Brothers: Here's when to renovate your home and when to move investinyou (In partnership with acorns.)
Deciding whether you should renovate your current home or buy a new house isn't easy.
It comes down to asking yourself three big questions, according to Drew and Jonathan Scott, the stars of HGTV's ""Am I in the right location? Can this home make my life easier? Is there enough space for all of our family as it grows?" said Jonathan, a licensed contractor."There are memories," said Drew, a real estate agent. "There's heart in the home.
"There are reasons people love it," he added. "But then when they think that, 'Oh, this house just won't work for me. I want to move.' "There are so many things that we can change in their current house," Drew said. "And it could be more cost-effective than trying to hunt for something that's already done the way they want it.", thanks to a shortage of homes for sale. The national median price for an existing home sold in November, the latest data available, was $271,300, according to the National Association of Realtors.
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