While buying a new home can be exciting, when possible, it’s often more cost-effective to do a full home renovation. Moving has hidden costs of time and money, and selling an existing home raises the issue of hefty fees and taxes. So is it wiser to move or renovate? It all depends on what makes the most sense for you and your needs. Here are a few pros and cons to help you decide which direction makes the most sense for you.
One of the biggest reasons to move rather than renovate an existing home is the fact that you can pick a new location. This can mean a smaller or larger home, or a different neighbourhood, close to schools or amenities — closer or further away from town, depending on your preference.
Move or Renovate? The Disadvantages of Moving
While you can usually find a home that ticks some of the boxes. You’re unlikely to have a layout that’s just right for you. If you do find a space that suits your needs, it’s rare to find one in an ideal area. Buying a home and moving is time-consuming and stressful. Between searching, viewing, applying for the mortgage, closing on the new home, trying to sell your existing home, etc., it can all end up being a huge hassle. To make it all worthwhile, there have to be really good reasons to leave your existing home and location.
The Advantage of Home Renovation with Sigma Homes
With Sigma Homes, you can plan a renovate to meet your exact specifications. Renovation lets you choose how everything is laid out to suit your needs and tastes. If you love your existing location, you don’t have to move. Home renovation lets you stay where you are while avoiding the costs of moving and selling your home.
A typical downside to home renovation is that it requires a period of time with mess and activity around the home. For example, a major kitchen renovation could leave you without a place to prepare food for days, or even weeks as tends to be the case when dealing with various contractors. Typically (though not with us), you have to deal with various contractors and no matter how much vetting and planning you do, you tend to run into hiccups which can cost time and additional expense not planned in your original budget. With Sigma Homes, we aim to take the stress out of renovation. We can manage the entire build, and our team of experts take care of everything ‘in house’. We are used to working together with the aim of getting the job done to the highest quality and with the least amount of disruption to you. By minimising costs and build time while increasing build quality, home renovation can be made relatively pain-free. Especially when compared with the time and expense of moving.
If you’re unsure whether to move or if a home renovation can offer you the changes you’re after, we would be happy to examine your existing home, listen to your ideas, then present to you a plan based on your existing structure. To find out more, please call us today on 021-2348095