Sell or Renovate? Things to Consider

Our house is so much more to us than simply a place where we live. It’s woven into the very fabric of our life. We carefully selected the type of property we wanted, and looked for a home that reflected our sense of beauty and style. A lot of time and effort went into finding the perfect neighbourhood for ourselves and for our family. Making sure there were good schools in the area was so important too.

When you originally purchased your home, it was very likely the culmination of your hopes and aspirations. Over time, your needs might have changed and you might be dreaming of improving the functionality and beauty of your home. You might even wonder if there is something better out there for you, and if you should sell the place you call home.

Your Emotional Attachment to Your Home

If you have outgrown your existing home, and are wondering whether you should sell or renovate, there are a number of things to consider.  One of the key factors that will guide your decision-making is how you feel about your home.

There are so many memories, so many beautiful life events and celebrations that are connected with our homes.  Renovating, and having Home Renovations Sydney add a first floor addition, might be a better approach than selling if your emotional attachment to your home is strong.

Is the Timing Right for Your Family

When you are trying to decide whether to sell or renovate, you also have to consider the overall effect on your family. Although remodeling can be disruptive at times, it’s far less stressful than putting your house on the market, packing up everything and looking for a new place to live.

Sometimes homeowners and families decide that remodeling with Home Renovations Sydney can be an easier approach than placing your house and property up for sale.

Cost Comparison Between Selling and Renovating

If you are contemplating putting your house on the market and shopping for a new home, you’ll have to be sure to account for major expenditures such as the agents commission and marketing. Stamp duty in southern Australia also ups the cost substantially.

With a renovation, you have more options since you can tailor the extent of your changes to your available budget. Major additions can have a higher price tag, but you’ll also want to do your research so you understand just how much a big renovation can add to the value of your home.

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Created on Jan 8th 2023 05:23. Viewed 90 times.

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