Renovate or Move?

By staying in the same property, you avoid the stress of a move and the adjustment required for you and your family in a new location, schools, etc.

If you find a property that suits you and there is virtually nothing you will need to do to move in, you can start enjoying your home immediately.

You can design your renovations to exactly suit your needs. The decorating is also your choice!

If you choose to buy and move, you avoid the discomfort of living in a dusty and uncomfortable environment.

You save selling, buying and moving costs, for example property stamp duty which could otherwise go towards the cost of renovations.

You have peace of mind without the time, energy and stress that is often associated with renovating

If you choose to move out while the renovations are being carried out, this can be costly, with 2 moves - out and back in again. Other costs could be temporary furniture storage and connection costs of services at your rental accommodation.

For some people, a move can be a stressful situation. Unless you are buying in the same area, you will have to settle into a new community, new neighbours, new schools, etc.

There is a risk of cost blow-outs for the unexpected, so you may pay for more than you originally planned.

You will have selling, buying and moving costs which could be put towards the cost of renovations.

Renovations, especially major renovations, are not for the faint-hearted. Renovations are generally very messy and often take longer than most people bargain for.