When you buy a property you usually have to compromise at some point. Whether you grow your family, become unwell or, you realise you have too much space and need to downsize, there are all sorts of reasons why you and your lifestyle may change how you view your property. Before jumping into a sale, draw up a list of pros and cons of your current home and location. Here are some tips on how to decide whether to move or improve.
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When You Should Move
Size and Mobility If your home requires modifications to meet your needs then it might be worth looking at alternative properties. Maybe you’ve expanded your family more than you initially expected to. Perhaps you have an unforeseen illness that is affecting your mobility so a bungalow or ground floor flat would be a better option. Think realistically about the changes that could be made to your home and consider how much it would cost to make those changes. Then look at the cost of alternative properties and you’ll be able to make an informed choice.
Location, location, location
Your home can be fabulous and exactly what you need, but if the crime rate in the area has massively ramped-up since you moved in or traffic congestion is worrying you, then it might be time to consider moving. Although this is a really hard decision to make, if you start looking around for something similar, in a better area, then you might be surprised by what you can find. We’ve mentioned compromise before and this is a major test of your ability to do so.
If you simply don’t have the budget to make the required changes to your property then this is a no-brainer – you need to move. Being a savvy shopper will enable you to find a home that suits your needs, but won’t go over your designated budget. Home improvements are all well and good, but they can be unpredictable and unforeseen issues can add to the cost. If you’re on a tight budget then it makes sense to look for a different house.
When You Should Improve
You Can Live With It If you create a list of pros and cons and realise some of the issues you’re facing are minor then you can think about doing some DIY or freshening up the place instead. A bathroom can be re-tiled or a garden tidied up so you appreciate it again. Even moving furniture around and experimenting with space can make a real difference.
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You Are A DIY Expert
If you’re a professional or are trained in doing renovations then you can carry these out yourself. Maybe you have a friend or relative who has a business and can offer you preferential rates to carry out the work. Paying for the materials and doing the work yourself will be tiring, but much cheaper than getting a company to do it for you. You’ll be sure to get exactly what you want and it will be a labour of love that you can totally appreciate once it’s finished.
You Love Your Home
If you have a strong emotional connection to your home then you need to consider whether you can overlook the little flaws you’ve noticed. If you can then you should stay because no amount of money can buy that feeling and your home is your castle so you need to be happy there.
This is not an exhaustive list, but if you’re realistic and organised then you’ll weigh up the pros and cons and make the right choice in the end. If you decide that you do want to sell your house fast then get in touch with The Property Buying Company today to find out how we could complete in a timescale to suit you. All legal fees are included and you’ll get a fair price.
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