If you're like 60% of people, you probably dread the idea of moving. And we get it! Packing, loading, unpacking – it can all be a bit of a drag. So you've probably considered simply reimagining the space you're in as an alternative to moving. But that has its own drawbacks, like trying to live around the messiness and noises of home improvement.

At the core of either of these decisions lies the true issue: you're not happy with at least some part of your home. Making the choice to renovate or move to a new home entirely isn't easy, but we're hoping the following guide can help you make an informed decision one way or the other.

Consider the Costs

Try to think beyond the profit, because believe it or not, selling your home can be costly. Everything from touch-ups and minor repairs to staging and various closing costs can rack up a high price. That's before you even consider paying for your new home!

Then again, depending on the scope of your renovations, you could be looking at a hefty price tag as well. Renovations also typically require immediate out-of-pocket costs, and as projects go on, you could see additional costs enter the picture.

Do You Like Your Location?

Do you love your neighborhood? Are your kids in a great school district? Are you an active fixture in your community? Sometimes the one thing you fall out of love with about where you live is…where you live.

If you've found you adore your community but your home isn't meeting your needs anymore, perhaps renovating is the route for you. Conversely, if you'd rather discover a new neighborhood, you might choose to start fresh with a move.

Think Long-Term

It's generally accepted that what you pay for in renovations, you probably won't get back when you sell. There are exceptions to this, of course, but for most folks it holds true.

So if you plan to be in your home for another 10 years, remodeling is a good idea. You'll get to enjoy the results of all your hard work and money spent. If you don't see yourself staying put for long, however, it likely won't be cost-effective to sink money into renovations.

Research the Market

For the past year and more, the market has been particularly ripe for sellers. And while that might influence your decision to sell and move into a new home, keep in mind that you'll still need to buy a new home. The market has been significantly more challenging for buyers.

The market is always fluid, however, so whenever you find yourself pondering renovations versus selling, do yourself a favor and check in on your local market.

What you choose will ultimately come down to your unique situation. If you're looking for an agent's expert opinion on the matter, check in with one of Watson's knowledgeable real estate pros!