Reason to Move No. 9 — Your Home Is Already the Largest and Nicest in the Neighborhood
You may have remodeled your home before and now your home is the largest and nicest in the neighborhood. This is great if you love the neighborhood and plan to stay in the home for years to come. However, if you have been remodeling your home because it needs updating and you still need to add additional space or amenities, then a move may be a good idea financially. The houses near yours have a large influence on your home's price. If the homes next door are palaces and you are living in a cottage, your cottage will sell faster than if it was two blocks away and next door to other cottages. Before making the remodel-or-move decision, take a look at your house and your neighbors' houses. If you have the nicest or largest house in the neighborhood and need more space, moving is the better solution since your payback on additional improvements won't be very great.
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