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5 tHings to consider
wHen deciding wHetHer
to renovate or move
Have an experienced agent look at
your home and provide a detailed
appraisal of its current value to
ensure that any works undertaken will
be recouped in value if you decide
to sell in the future. Make sure that
the land size corresponds to the
accommodation and the investment
you are considering, and that you
don’t overcapitalise.
If you are renovating with the idea of
increasing value, make sure that you
select finishes and colour schemes
with a neutral palette that appeal
to a broad demographic. Speak to
us about what buyers look for in a
renovation, and what to do and
what not to do.
Be clear as to the costs of moving
house - stamp duty, selling fees,
marketing and solicitors. It can be
more than you expected, but can
also be money well spent if you
find a home that better suits your
needs long term, rather than doing
a renovation that may only work
short term.
It is a good idea to have a builder
cost the scope of works to ensure
that the proposed works will result
in added value at the time of sale.
Some renovations do not necessarily
translate to a higher sale price and
may cost more than anticipated.
Look at the reasons why you are considering a move or a renovation. Decide
whether the renovation will give you and your family the desired end result for
the next part of your lives, and whether your home is in the neighbourhood
that you really love.
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