Speak to local estate agents about your neighborhood’s ceiling price — the maximum value homes can reach in your area. If your renovations would push beyond that limit, relocation could be the smarter investment. Conversely, if space, structure, and location still meet your needs, renovation may deliver the greatest return.
Summary
Both renovation and relocation are investments in comfort and lifestyle. The best choice depends on priorities: emotional attachment, financial return, and long-term vision. Whether you stay or move, the goal remains the same — creating a home that fits the life you want to live.