One day, you may wake up and realize that your home doesn’t meet your needs. Whether that be your current needs or future needs, a life-changing decision is in your future. Or maybe is your taste and your home is no longer as desirable as it once was. Maybe it’s too small or you don’t like your location. Whatever the reason, if you find yourself in the situation of needing a change, you have a big decision to make: Renovate, Move or Build?

Here are your three options: remodeling your current home, moving to a new home in a new neighborhood, or designing and building a new home. Each of these has its own set of pros and cons and your family must consider all of them and their nuances before coming to any sort of conclusion. 

We put together a guide that offers details on the factors to consider. It all comes down to a balancing act. Weighing your desires for what you want against your ability to pay for it. A serious internalization is required because this is no easy decision. Take a look at the infographic below which may help you in your decision. Good luck!