Hi ,

With the cost of building and materials on the rise, the decision to stay and renovate your current home or sell to buy something more suitable can be complicated.
 

Maybe you're doing the sums to see which option is looking more affordable? Whether you stay where you are and renovate or move to a home that better suits your requirements, there likely will not only be a financial impact but also an emotional toll on you and your family as well.
 

As a seasoned renovator, I've seen first hand the stress renovating can cause. There is always the risk the cost of your renovation will blow out when unexpected things can (and do!) crop up. On the flip side, finding your new home that suits you and your family can be a daunting and frustrating process. Often the home you fall in love with can simply be outside your budget.  
 

Stay and renovate or sell and move can be a complicated decision with many moving parts to consider. So, let us help you break down some of the costs. 
 

Apart from the cost of the actual renovation, people often forget to factor in the cost of time delays. Add in architectural and planning fees, demolition costs, rubbish removal, council permits and rental costs if you need to move out during the renovation.

We also understand that selling and moving comes with an associated financial and emotional costs as well. Consider real estate agent fees, marketing/advertising costs, conveyancer/solicitor fees, lender fees (early exit or mortgage discharge fees), maintenance or small improvement costs and potentially capital gains tax (if you have rented out the property at some stage). Add to the list the stamp duty charged to buy your new home, building and pest inspection reports, mortgage registration fees, transfer fees, loan application fees, possibly LMI (Lenders Mortgage Insurance) and the cost you pay to actually move.

It is a long list.
 

Before you make a decision on the best way to move forward for you and your family, let's catch up to explore your options. Book your no obligation connection call today for a confidential discussion.