Will another location be more suited to your way of life? Location is the most widely recognized reason individuals choose to purchase another home, instead of renovating.
If it’s a investment property, renovations can be tax-deductible or depreciable.
You’ll stay away from the expenses of purchasing and selling a home.
You can roll out little improvements and configure it in your favored style
You can make your home all the more environmentally friendly.
You might be able to do little renovations yourself but be careful of redesign botches which could end up costing you more.