Revamp or Relocate: Which Option is Best For You

16th December 2019

Are you thinking of moving? Are you struggling for space, or is the lure of a new home becoming increasingly tempting? If you’re finding it tough to choose between revamping and relocating, here are some pros and cons to consider. 

Revamping

Do you love your home, or do you think it would be difficult to find a property you like more without stretching yourself financially? Are you thinking about moving due to a lack of space? If you’ve answered yes to these questions, it’s worth exploring the possibility of renovating or refreshing your current home before you start checking out properties for sale. You could change the style and spruce up the interior or consider projects like converting the loft or adding an extension if space is an issue. Another option, which is very popular nowadays, is adjusting the layout to make larger, lighter, more functional rooms. If you can knock down a partition wall, for example, this could enable you to design a spacious, modern open-plan kitchen-diner. These kinds of projects add value, as well as giving you more living space. 

If you are thinking about creating a new bedroom or a work studio in the basement or extending to the side or the rear of the property, get some quotes from local building firms with excellent reviews before you make any decisions, and make sure you know exactly how much the build is going to cost. 

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Relocating

If you’re not head over heels in love with your current home, or it doesn’t suit your lifestyle, you might be thinking about moving to pastures new. If you’re looking for a new place to call home, start by figuring out the numbers. Work out how much you can afford to spend and then customise your search. Unless you’re 100% sure about what you want, it’s a good idea to view a mixture of property types. You can choose from older homes with character or opt for brand new houses like those available from Bellriver Homes. Try not to rush into making any decisions, and view any properties that you are interested in several times. Use your head and your heart and be prepared to negotiate. Unless you find yourself in a bidding war with other buyers or you’re looking in a sought-after suburb or street, you should be able to save on the asking price. 

Buying a house is one of the most significant investments you’ll make, so it’s essential to ensure that you’re completely happy with the decision you’ve made before you sign on any dotted lines. Arrange a survey, read the findings carefully and don’t stretch yourself too far financially. 

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Are you toying with the idea of moving house, or are you weighing up the pros and cons of staying put? If you are undecided, it’s wise to explore both options. Have a look at the kinds of properties you could afford to buy and get some quotes for projects that could make your house the perfect home. Once you have a better idea of what both options entail, you can decide which path is best for you.

This is a collaborative post.

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