As renovation costs continue to climb and many homes near or surpass the 20-year mark, Indiana homeowners are weighing a big decision: should I move or remodel? In 2025, this isn’t just a personal choice—it’s a financial strategy. Our latest blog explores what local homeowners are doing and which option offers the strongest return on investment (ROI).
Tim Houterloot
Across Indiana, a growing number of homeowners are facing the same dilemma in 2025: should I invest in my current home, or is it time to sell and find something new?
The question isn’t just about space or style—it’s about return on investment (ROI), lifestyle needs, and navigating the current market.
The Aging Housing Stock and Rising Costs
Most homes in Indiana were built between the 1980s and early 2000s, and many are now due for updates to kitchens, bathrooms, roofs, HVAC systems, and flooring. At the same time, renovation costs have soared:
- Average cost of a full kitchen remodel in Indiana (2025): $38,000+
- Bathroom upgrades: $12,000 to $25,000
- Roof replacements: $10,000+ depending on materials
Material and labor shortages from recent years are still impacting timelines and budgets.
Renovation: Is It Worth It?
Renovating can help you fall back in love with your home—but not all upgrades deliver equal ROI:
Renovation Type Average ROI (Indiana 2025)
Minor Kitchen Remodel 74%
Bathroom Remodel 63%
Basement Finish 68%
Deck Addition (Wood) 67%
For some homeowners, especially those with strong equity and a desirable location, investing in upgrades makes sense. But for others, the math just doesn’t work—especially when projected resale values fall short of renovation costs.
When Selling Makes More Sense
Take the Johnson family in Fishers: after getting quotes for a $90,000 remodel, they spoke with a real estate agent and realized they could sell their home for top dollar thanks to limited inventory and strong buyer demand. Within 10 days, they accepted an offer $20,000 over asking price—and moved into a newer home that needed no work.
The 2025 housing market is still competitive for updated homes in great school districts, especially in Carmel, Noblesville, and Westfield. With mortgage rates stabilizing and buyer confidence returning, it might be the perfect time to list.
Key Questions to Ask Yourself
Before you decide to renovate or move, ask:
- How much equity do I have?
- What’s the cost and ROI of the renovations I’m considering?
- Does my current home still fit my long-term needs?
- What’s the resale potential of my neighborhood?
Bottom Line
Your home should serve you—not stress you. In 2025, many Indiana homeowners are choosing to sell rather than sink major money into aging homes. Still, if you're emotionally attached or can renovate smartly, updating may make sense.
Need help running the numbers or exploring your options?
Let’s connect and talk about what’s right for you.
