To renovate or to move: 5 things to think about
It’s that age-old dilemma. You’re outgrowing your house, or it’s not quite giving you what you need any more, but do you put it straight on the market and find another? Or should you think, instead, about making a few changes around the place? Put simply, should you renovate or move?
In their recent Home Improvement Trends Report 2023, Rated People claim:
“1 in 6 homeowners who are taking on renovation projects in 2023 say they are renovating their own home because it’s cheaper than moving to a new home, and 1 in 7 say they have less money to buy a new home so they’re choosing a renovation project instead.”
But we wanted to dig deeper into why renovation is currently such a popular choice. That’s why we’re looking at five reasons you might consider renovating rather than a big move.
2. You’re settled in the area
Your kids are happy at school, you’ve got your social circle just around the corner and your aging parents down the road (close but not too close!). It seems a shame, then, to have to move just because your growing family is bursting out of the space you have available.
Instead consider what’s possible in terms of a single-storey extension, loft conversion or knocking through walls. Many local architects will happily offer a free consultation and site visit to talk about options. And they’ll even offer advice when it comes to planning applications and other issues.
Don’t assume that there’s nothing you can do to create the home of your dreams from your existing space.
4. You know exactly what you’re looking for
Sometimes searching for a new house can be frustrating. Particularly if you know exactly what it is you want from the property but nothing that’s on the market quite matches up. Then why not create it yourself? Ask for a consultation with an architect or interior designer in your area to find out exactly what is possible with the footprint and space you have available. Consider a custom kitchen renovation, creating a bedroom in the attic or even building a garden room to offer additional family space. You’ll find that if you get the professionals involved they might come up with something you never even thought of.
And you might even be able to get pretty close to whatever it was you wanted in the first place…without the hassle and upheaval of moving.