Buying a new home makes sense when your current property has physical or logistical limits that a renovation can't fix.
: You can't renovate your way out of a bad school district or a loud highway. buy a new house or remodel
: Foundation issues or outdated electrical/HVAC systems can make remodeling cost-prohibitive. Buying a new home makes sense when your
: Smaller additions or cosmetic updates are significantly cheaper than a new mortgage and closing costs. buy a new house or remodel
Remodeling is often the better choice if you love your neighborhood and your home has "good bones."