Collaborative post
Renovating a home, and moving house are two very big projects to take on. If you are moving forward with your life and want more space or something different, then these might be the two decisions that you are facing right now. Both have their advantages and disadvantages, so it can be difficult to know what to do. You will need to carefully consider the time that is involved in each option, how much budget you will need, your future goals, and more. To help you, here are some things that you need to consider to decide whether you should move house or renovate.
Advantages of moving house
When you move house, you get a completely new start. It can make you feel like you get a new chance at life and a new beginning. Not only will the home be new to you, but so will the location, the places around you, and your neighbors. You will also get to choose any house that you want, so this could be in a new location, a different style, a different neighborhood, or more. The possibilities are endless! When you move house, while you will have to endure the process, you will not have to manage projects and hire a range of contractors for all the different jobs that you will need to undertake.
Disadvantages of moving
If you move house, you take the risk of still having work to complete. There are many properties where you can just move your belongings in and be done, however, most properties will at least need a little work and some customization. Moving home does cost a lot of money, especially when you factor in estate agent fees and solicitors fees, stamp duty, and all the other costs associated with moving, in addition to the price of the house itself. Lastly, it can be difficult to move especially if you are comfortable and live near friends and family.
Advantages of renovating your home
Renovating your home comes with many advantages. Although it will cost you a lot of money, it will cost you a lot less money than moving house. Renovating your home means that you can fully customize it. You can look at strip outs, which will enable you to start fresh and completely tailor the renovations to your needs and desires. In addition to this, you can utilize the upgrades to maximize the value of your home which will help you get the best return on the investment in the future. Staying in your home means you get to stay in a place that is comfortable and familiar to you, as long as you are happy where you are. You already know the area and the people around you.
Disadvantages of renovating your home
Renovating your home is a big project to take on, and will not always be fun. While it is exciting to plan to customize your home, there will be a lot of hard work involved. It will also cost you a lot of money, which may vary from time to time, as the project costs don’t tend to be the final costs, as there are always things that come up, in addition to building and labor costs changing with the market. You will need to apply for and obtain all the right permissions before you make any changes, and you may need to get the okay from your neighbors before starting all the noisy work! You will need to think about how it will disrupt your life and even a temporary relocation.
Renovating your home and moving house are both great options. Consider these thoughts when making your decision.