Move or Improve? With rising house prices and a shortage of property in several areas of the UK, many homeowners are caught in a dilemma, wondering whether they should fork out to adapt and extend their current property or brave the competitive property market and move.
If your property comes with a significant amount of land, and therefore could accommodate a sizeable extension without compromising the outdoor space (nobody wants a beautiful, spacious house with a postage stamp of a garden!), or you have a garage or loft that are ripe for conversion, ‘improving’ might be the right option for you. Improving your existing property has many benefits; you’re able to stay in an area that you’re familiar with, close to friends, neighbours and any schools or clubs you regularly attend, and you can remodel your home to meet your personal needs, but it’s not a decision that should be taken lightly.
Any sort of improvement that adds a decent amount of square footage to your property will not come without significant disruption and budget, so it’s important to think through your long-term plans. How much extra space will your improvements give you? Will the changes you’re planning to make turn this property into your ‘forever home’? If not, will the improvements add significant value to your property to make undertaking the work worthwhile, and will you make your money back when you come to sell? If not, you’re probably best to cut your losses and instead invest the funds you’d allocated for improvement works into your budget for a new property and find a home that meets all your requirements.
Whether you choose to move or improve, either option will come with significant cost. If you improve you may need to budget for architects, planning applications, project management, builders, plasterers, decorators and any additional furniture, fixtures and fittings. If you move you may need to budget for solicitor’s fees, estate agents, stamp duty and removal costs.
The main benefit of moving is that you get to start afresh, with a list of what your current requirements are and what you think you might want in a home in the coming years. You’re not restricted by any existing features or layout, your only challenge is finding the right property at the right price.
If you decide to ‘move rather than improve’, but want to avoid the hassle and uncertainty of selling your property on the open market, Quick Move Now could buy your property for a guaranteed cash sum on a date to suit you. As a genuine cash buyer, there is no danger of the sale falling through, so you’re free to start looking for your dream property, secure in the knowledge that you have a guaranteed sale when you find what you’re looking for. Selling to a genuine cash buyer like Quick Move Now also effectively makes you a ‘chain-free’ buyer, giving you a great deal of bargaining power when negotiating a price for your new property and putting you in a very favourable position in a highly competitive market.
For more information on how Quick Move Now could help you achieve your dream move, quickly, easily and completely hassle-free, call their friendly, professional team on: 0800 068 3366 or complete the online form below for your free, no obligation cash offer!