Renovating vs. Buying: Which Is Best for Texas Homeowners?
Renovating vs. Buying: Which Is Best for Texas Homeowners?
Many Texas homeowners face the dilemma of renovating their current luxury home or purchasing a new one. Renovations can increase your property’s value and allow customisation, but they come with construction noise, temporary displacement and unpredictable costs. Buying a new home offers a clean slate and potentially more modern amenities, yet you may face stiff competition for desirable listings and higher financing costs.
In this article, we explore the pros and cons of each path while considering local factors like supply chain constraints, property tax implications and market inventory. We also discuss financing strategies: cash‑out refinancing, home equity loans or lines of credit for renovations, versus jumbo mortgages for new purchases.
Whether you decide to remodel or move, our advisors can help you structure the right loan to achieve your goals.