Deciding whether to move to a new home or invest in improving isn't just about square footage or curb appeal, it's about what feels right for your lifestyle. It's a big decision, and not always an easy one. Both paths come with their own set of benefits and challenges. Golden 1 is here to help you think through your options, so that you can make the best choice that feels right.
Thinking about moving?
Buying a new home is one of the biggest financial decisions most of us ever make. Whether you're looking for more space, better schools, or a shorter commute, moving can open the door to new opportunities. It's also a chance to reset your surroundings and start fresh in a home that better fits your current lifestyle. If you're considering a move, here are a few things to keep in mind:
Why moving might make sense:
- A fresh start. A new home can mean a new neighborhood, better schools, shorter commutes, or simply a change of scenery.
- More space. If your family's growing or your needs have changed, a larger home might be the right fit.
- Long-term value. Buying in an area that's growing could mean your home's value increases over time.
- Skip the renovations. If you find a move-in ready home, you can avoid the dust, noise, and disruption of remodeling.
What to consider:
- Upfront costs. Moving means paying for closing costs, a down payment, and the move itself.
- Leaving memories behind. If you've built a life in your current home, saying goodbye might be tough.
- Changing rates. If mortgage rates have gone up since you bought your current home, your new loan could cost more over time.
Staying put and improving?
If you love your current home and neighborhood, improving your home might be the better fit. Renovating allows you to tailor your space to your current needs, while staying rooted in the community you've grown to love. With financing options like a Home Equity Line of Credit (HELOC), you can tap into your home's value to fund upgrades that make everyday life more comfortable—and potentially more valuable.
Why renovating might be right:
- Make it yours. Renovations let you tailor your home to your lifestyle and taste.
- Stay rooted. You get to keep the community and routines you've grown to love.
- Boost your home's value. Smart upgrades can increase your home's resale value.
- Save on moving costs. Instead of spending thousands to relocate, you can invest in the space you already have.
What to keep in mind:
- Renovation stress. Construction can be messy and time-consuming.
- Financial responsibility. HELOC is a flexible line of credit and it's important to make sure the payments fit your budget.
- Risk awareness. These loans use your home as collateral, so it's important to borrow responsibly.
Golden 1 can help
Whether you're ready to move or want to improve, Golden 1 offers competitive rates and personalized service to help you take the next step. Our home loans and HELOCs are designed to support your goals, whether here or somewhere new.
Reach out to a Home Loan Advisor in your area with any questions or schedule an appointment at your local branch to learn more about your options.
