Should you remodel your home or move?

The video discusses the decision-making process of Teresa and Doug Riggs, who choose to renovate their home instead of moving. It covers the importance of considering safety, return on investment, and the stress of construction versus moving. Realtor Kari Lindstorm advises on minimal changes and equity benefits. The video also explores when buying a new home might be more beneficial than renovating, especially when the current home doesn't meet new needs. Family considerations, such as being close to grandchildren, play a significant role in the Riggs' decision to renovate.

What is one of the main reasons the Riggs family decided to renovate their home?

• They plan to sell the home immediately after renovation.

• They are looking to improve safety and comfort as they age.

• They want to increase the size of their home.

• They want to change the architectural style of the house.

What does Bankrate.com suggest considering when deciding between moving and renovating?

• The number of bedrooms in the current home.

• The proximity to local schools.

• The potential return on investment from renovations.

• The color of the walls in the new home.

According to the video, what is a potential downside of investing in new windows during a renovation?

• They require frequent maintenance.

• They may not match the existing decor.

• They are difficult to install.

• They might not provide a full return on investment.

What is one reason Bankrate.com gives for when it might be better to buy a new home?

• When the current home is too close to work.

• When the current home is too large.

• When the wish list doesn't fit the current home.

• When the current home has too many windows.

Why do the Riggs value renovating their home at this stage of their lives?

• They want to change the neighborhood.

• They are planning to rent out the home.

• They want to increase the resale value immediately.

• They want to be closer to their grandchildren.