Renovate or Move? The $100,000 question.
If the time has come to upgrade your home, moving to a new property isn’t necessarily the best option. Choosing to renovate or remodel your existing home can not only actually save you money, but can also transform your existing home into something that is essentially brand new.
The hidden costs of buying property
There are many more expenses attached to purchasing a property than just the price of the home itself. These include the agent fees for selling your current home which is generally 2-3% ($20-30,000 on a $1 million property), as well as the stamp duty for purchasing the new home ($45,000 for $1M), conveyancing and removalist costs. These charges can quickly add up to a six figure sum. Alternatively, this money can go a long way towards updating, renovating or extending your existing home and your current equity can often be used to finance it.
Avoid the stress of moving.
It’s been said that moving home is in the top three of life’s stressful events, third only to death and divorce. While you will most likely have to shuffle your furniture around the house or vacate a whole section, renovating avoids the hassle and expenses associated with moving to a whole new property. If you are extending your home at ground level or even adding a second storey, the works can usually be isolated with temporary walls.
The finished product.
Choosing to renovate your existing home rather than buy a new one doesn’t mean sacrificing the fresh new look and feel you’re after. In fact, it gives you the freedom to add the exact features and styles you’ve been dreaming of for your home. As renovations are taking place I always suggest using an odor eliminator to help with all the overpowering odors such as paint. Employing the services of a reputable home renovation builder will ensure you’re left with a finished product that reflects your own personal style and provides a quality finish that will give your home’s value a boost.
Western Australia’s most awarded home renovation company for almost 30 years.
If your home is due for a face lift or needs some added space contact Western Australia’s leading specialist home renovations company, Addstyle Master Builders. Addstyle is Western Australia’s most awarded home renovation builder and has been creating premium quality home improvements for almost 30 years. What’s more Addstyle’s can provide their premium service for a genuinely market-competitive fee. Addstyle specialises in kitchen renovations, bathroom renovations, home extensions, second storey additions, alfresco area additions, carports and garages and custom granny flats.
For more information or to discuss your own home renovation with our award-winning design team visit www.addstyle.net to learn more.