How to Decide whether to Renovate or Sell

 

We have all done it or will do it in our lifetime…  ask ourselves that all elusive question - Do we Renovate or Sell?   Sitting outside enjoying the beautiful sunshine and fresh air we reach a point in our life where we sit and wonder what could be….  The kids are playing, laughing, enjoying themselves and with a wine in hand, we sit and ponder whether this is the right home for us and our family.  Is the home perfect for our family, does it tick all the boxes?  Is the neighbourhood suitable for where we are in our lives?  Is the neighbourhood safe for our children?  Is it a bustling area full of cafes or is it a quiet sanctuary where we can ground ourselves on the weekends and holidays?  Do we have enough space for our children to play and be inquisitive and explore?  Does our home suit our needs as a couple and as parents?  Do we have enough space inside the home to enjoy ourselves in our own spaces without being on top of each other?  Do we have space inside that could be used for other means? 

Soooo many questions that all need to be answered!

 

Here are some ideas on why you might stay in your current home and Renovate:

 

Love the Home but you bought it established and can see areas that need improvement or the you may want to completely gut the interior and start again creating your own spaces best tailored towards your lifestyle.

Love the Suburb/Neighbourhood 

Yard has lots of space for your active children

Yard is small and requires little maintenance

Your children go to the nearby school and they are achieving great results

Your children can ride to school you live so close

You have wonderful neighbours

The location is a great distance to shops, water, parks, schools whatever it may be

You love the layout of your home but it needs some serious updating

You love the hustle and bustle of city life so can’t see yourself moving away from the cafes etc

You love the relaxed living of minimal traffic, hearing the birds singing and are happy that you are not too close to shops etc

 

Here are some ideas of why you might Sell your current home and Build:

 

You don’t like your home at all and it doesn’t work with your lifestyle or family requirements

The neighbourhood is okay but you believe you could quite easily find another one just like it

Yard is too small or too big you just aren’t coping with it

There is potential to build another home within the desired distance to your children’s school

You don’t like your neighbours or don’t have anything to do with them

Not fussed on your location and believe another location would be better suited to your families needs and requirements

You have dreamt about your perfect home for years and now have the budget to make them a reality

Your family has expanded and you don’t have the land size relevant to Renovate and Extend

Your current home isn’t in a style you currently like and due to restrictions you aren’t able to renovate it to suit.
You have found the perfect piece of land and want to capitalise on the growth in your existing suburb to build a bigger better home

Your home is far to big for you now the kids have left home so you want to move into something custom designed that will suit you as a couple with minimal upkeep

Of course there are so many other reasons but these ideas might assist you in your time of deliberation when your sitting at the lights looking left or right to see which direction you will choose.

Each and everyone has different wants and needs so there is no one solution for all but if you ask yourself the right questions your answers will surely steer you in the right direction.

 

Have a wonderful week!

 

Lise, Brad & The BHH Team.

 

 

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