House being built or having building work including loft extension - homebuild and renovate in progress

Should you renovate or relocate in 2018?

The start of a new year is always a time for new year’s resolutions and new beginnings. After a busy Christmas, you may be thinking that one of those new year’s resolutions should be about your home. Have you outgrown it? Is there simply not enough space for all those new toys? Or will you need more space for a new baby in 2018? The question is: do you need to renovate or relocate?

If you are in need of more space, then there are two key options: to renovate or relocate. It’s a common question that people face – you only need to watch the Kirstie & Phil series of ‘Love it or List it’ to see that.

Here are our top tips for answering this tricky question and investing your money wisely:

  1. Write down your reasons for thinking about moving or renovating – and ask anyone else in the household to do the same. Then compare. Is it simply more space you need? Or actually a new area as well? Do you still love the property you are in or not? Think about neighbours, access to work, schools etc. Is your current property able to be remodelled or not? You may need to get some expert help with this.
  2. Consult a local builder or architect to get some advice about what may, or may not be possible to do with your existing home. On the one hand, you might not realise what could be achieved. On the other, your ideas might be virtually impossible or prohibitively expensive. Also check out the Planning Portal online which has lots of useful information about what may or may not need planning permission, and can direct you to your local council for more information.
  3. Consider all the costs of moving. To renovate or extend can seem expensive and doesn’t always add significant value to your home. However, when you take into account the cost of stamp duty, solicitors, surveys, removals etc, moving can be an expensive option too. Make sure you have a realistic picture of the cost of both options.
  4. Get your current property valued, and have a look at what’s available on the market. Many of us love to look at Zoopla and Rightmove to see what we could get for our money. But until you have actually had your own property valued, it can be a pointless exercise. You need to have a fair idea of what your current home would sell for, to see if you could afford the extra space or new property that you desire. Most estate agents are happy to provide free valuations. Just make sure you get a valuation from at least three agents. This will give you a more realistic picture and enable you to make a better decision.

Here to help

At Check 4 Houses we are passionate about supporting people through the sometimes stressful and emotional challenge of relocating to a new property. We offer personal contact from start to finish, from local property experts that know the towns and cities of FleetFarnborough, AldershotBasingstokeCamberleyYateley and Farnham inside out. Our internet-based approach means we can sell your home from just £599 or 0.5% +VAT – saving you thousands in agency fees. Please give us a call for a no obligation valuation of your home on 01252 819725 or email info@check4houses.co.uk.