Should You Renovate or Move Out? |
Posted: April 17, 2019 |
Your home should give you a sense of security and fondness as you look at every nook and corner of your abode. However, there will be times when you feel bored and something needs to be done for a change. So it's either you move out and put your house up for sale, or renovate parts of your home for a fresher look. Most homeowners prefer renovation because it's cheaper and there’s no need to deal with their emotional attachment to their home. It will also up the sale price of your property if you decide to sell it later on. There are many factors that you need to consider when opting for renovations, including the time it takes to complete the job, the results of your party wall surveyor inspection, and of course, your budget restrictions. You’ll need to make sure that you’re confining the job within the limits of your property, so you’ll need to hire an expert to do this to avoid disputes with your neighbours. Before making that decision, below are some considerations you need to think of. The attachment to your home After living in the same house and calling it home for years, it's only natural that there will be hesitations in letting it go. This is true especially if the neighbourhood is good and the community is tight enough to be called a family. If you feel this way, the best option that you have is to renovate so you can stay put where your roots are. Financial capability Correct budget allocation is critical for a successful renovation job. Budgeting is hard to do though if you're uncertain how you want the job to go. Sometimes, having a firm budget in mind can still change especially if mid-planning you decide you want to use another material, or the job doesn't come out the way you envisaged it. As much as possible, take as much time as you can in planning and be firm with your ideas and how you imagine the outcome to be so you won't have to shell out more than what you can afford. Room extension or addition? Most homeowners let go of their old homes to replace it with a bigger, more spacious one. By renovating and laying out the rooms properly, you can give your house the space that you want. If your family is getting bigger and an additional bedroom is what you need, you can reconfigure the layout of your home instead of selling your house for a bigger one. Hire an architect or a designer if you need help, and they can also assist in choosing the right materials for the renovation job. A renovation job is a good alternative to spending more to buy a new home. It will also work well for you in the future if you decide to sell your house because having renovations done can add value to your property. As long as you hire a reliable architect and good contractors, you can get the work done in no time.
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