Renovate your home or buy a new one? Here’s what experts suggest

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The choice between renovating your home or buying a new one depends on a mix of financial and personal considerations.

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Homeowners looking to change up their living space face the dilemma of renovating vs. buying a home. At times, renovating can make more sense, such as if you love your location and just want extra space. Other times, however, buying a new home is the more efficient route.

Yet in the current real estate market, where prices and interest rates are relatively high, the decision can get even more complex. Here’s what real estate experts recommend.

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