At some point in our lives, many of us will reach a time where we start to feel the need to either make drastic improvements to our homes, or think about selling up and moving on. For us, we are rapidly outgrowing our current home, with two children rapidly approaching their teenage years and a pre-schooler all cooped up together, we could definitely use some more room, and fast! But, moving house is extremely costly!
At the moment, we love the location of our current house. It’s in a lovely, quiet cul-de-sac, close to both schools, walking distance to shops and we have a lovely garden. We just need more room inside the house.
Moving house is widely accepted as being the most stressful thing a couple can go through, with research showing that it’s even more stressful than going through a divorce, and I’m inclined to believe that making improvements rather than selling up and moving is often the right move.
3 Benefits of Home Improvement over Moving House
1. Save money
As a money-saver by nature, one of the biggest concerns for me when it comes to thinking about moving house is the cost.
The estimated, average cost of moving house in the UK is currently a staggering £8,885.66! There are so many hidden costs to consider – stamp duty, estate agent fees, moving costs. It quickly adds up!
Home improvements can come in at considerably less and can make a huge difference to family life.
One thing that would make a drastic difference for us would be to have a downstairs toilet. The cost of doing that using local plumbers would probably be less than £2,000 and would make a considerable difference to our lives. As a family of five, only having one bathroom can be problematic, and I can only see this getting worse as the children get older!
2. Improve the value of your home
If you’re savvy about it, then creating extra space in your current home could increase the value of the property which is great news if you do ever come to sell up.
Loft conversions, downstairs toilets and extensions will all make your property more appealing to buyers, and should bump up the price, particularly if you’re adding extra bedrooms.
If you do decide to extend, make sure that you are careful about how you do it. There’s no point in creating a lovely, big, spacious 4 bed house that doesn’t have a garden because the extension has eaten it all up. Families need outdoor space too, so make sure you bear that in mind.
As a child, we were really lucky with our home. When I was 3, the four of us moved into a three bedroomed, detached house. My parents then added a big extension onto the side of the house, making it five bedrooms with a huge kitchen downstairs. We lived there until I was an adult, and I do think that the stability of staying in one place was really important to me growing up.
Unfortunately, I haven’t been able to offer the same to my children, upping and moving them 4o miles away from their friends a couple of years ago, but we’re now putting down roots in our new town and I think it’s important for us to continue to offer them the stability of staying put now.
Staying put means that you create a little world for yourself and your family, where you get to know your neighbours, and you get to know the area around you, this can be really important to children, so it’s worth thinking about before you decide to sell up and move.
Inevitably, every situation is different, but if circumstances allow, then I do think that making home improvements often offers the best solution. If you need more space but you love where you live, then an extension or loft conversion would make all the difference. Moving house is such a stressful and costly experience that if you can avoid it, then it’s probably for the best.
*This is a collaborative post.
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