Purchasing a brand new home for yourself and your family is a hard and time-consuming process. However, even if you find a perfect place that works for you in every single aspect, that doesn’t mean it’s going to be just as amazing in the future as well. If your family expands and starts welcoming new members, or you decide to repurpose a part of your home, you might realize it just isn’t working for you anymore. That’s when you have to make a decision – should you remodel your home or sell it and move to a new one? So, how should you make this decision and what are some of the things you have to take into consideration when you’re in this process?
Why do people love moving?
The reasons why people change homes are numerous and often depend on the type of work they do, the size of their family, the location of their home and the proximity to their offices, their kids’ school, local parks, supermarkets, etc. However, sometimes it’s not just about where you live, but how you live as well as we all wish to provide ourselves and our families the life we feel we deserve.
That’s why we wish to relocate to a home that’s bigger, nicer, newer and more visually appealing, and this sort of change can have a major effect on our lives. Still, is this the only way to go, or should we consider staying as well?
Why do people avoid moving?
Getting familiar with a certain place and falling in love with it is one of the main reasons why lots of people stay at their current homes even though they’re not the most ideal solution in the world. Putting your roots down and leading a certain way of life means you’re not ready to move somewhere else and get acquainted with a new neighborhood, new surroundings and a new way of life.
Therefore, people who are sentimentally attached to their homes prefer renovating over selling, and they don’t mind investing a significant amount of money into making their home work for them more than before.
Where to find inspiration?
Whether you’re searching for a new home or renovating your old one, it’s important to know what you’re doing and what you’re trying to achieve. Finding inspiration in unusual places is just what some people need, and they don’t mind browsing the Internet or checking out home makeover shows on TV to get inspired.
However, seeing something with your own eyes is always better and an idea you should definitely consider, and that’s something people in Australia know quite well. They might talk to their neighbors and friends who have gone through the same process in the past, or even check out those visually appealing project homes in Sydney that will give them a new perspective on living spaces. This way, they can learn new trends and imagine their new homes in a more detailed and better way.
How to deal with financial issues?
A huge part of all home-related decisions is the budget – are you going to have enough money to realize all your ideas and turn your dreams into reality without compromising your home budget too much? Of course, everyone would like to do as much as they can, but it’s the financial issues that are sometimes making this decision for them.
Long story short, if you’re not in a situation to spend a huge amount of money, maybe you should opt for remodeling your home instead of buying a new one. Or, you can hope to sell it immediately after listing it and use the money to buy a new property straight away, but these things can take some time, so make a plan and try not to get into debt.
In the end, it all comes down to you and your wishes. Deciding between loving your home and listing it depends on a number of things and is probably going to be the hardest decision you’ve ever made, so you need to think about the needs of your family – is your current home big enough for all of you, does it give you enough privacy, is the location working for you, and are you able to afford to live in it month after month? If not, think about moving to a new place or even downsizing, but keep in mind that, whichever option you choose, you should make a decision you’ll be happy with in the decades to come as well.