Should I Move or Improve?

When you take into consideration both moving costs and solicitors’ fees, moving home can be expensive. Though, if you have the money to fund a difference in value, it does allow you to move into a bigger and better home.  If you can, it’s better to use savings than to commit to a more expensive mortgage.

Stamp duty

When browsing the market place, remember that stamp duty also applies to properties sold for over £125,000. An increase of 1% applies to properties between £125,001 and £250,000, and 7% applies to any home over 2 million pounds. If you keep this in mind when deciding on a price range, you will be able to avoid any unexpected costs.

Do things by the book

If the cost to move proves to be too much, improving your current home could turn out to be more cost-effective for you. If you can, try and do things by the book. Doing so will mean that your home should meet your requirements and rise in value. 

Achieve the look you want for less

If you like your home, your area, and your neighbours, you would likely be better off staying where you are and amending the layout of your property to suit your needs. Providing you have enough space, extending your home will give you the increase in living space you crave for far less money.

In the event that you have some money left over, you might like to replace your kitchen or bathroom to help revitalise your home. The small amount of disruption caused by home improvement works is worth it in the end. 

Make the right choices

If you plan to improve your home, it’s likely that part of your goal is to also boost its value. With this in mind, it’s very important that you make the right choices if you want to make your home the best it can be and increase its appeal if you plan to sell later on.  Affordable ways to add space and increase value include converting loft and cellar space or replacing the bathroom. 

Keep your budget in mind

Whichever route you decide to take, it’s important that you have a budget in mind that you can stick to. This is the best way to ensure that costs remain manageable throughout the course of the project. 

Call SJD Electrical Contractors

If you are local to Burton upon Trent or the surrounding area and you are in the midst of planning an extensive renovation project, you may find yourself in need of an electrician to carry out various aspects of the work. In this instance, make sure you give SJD Electrical Contractors Ltd a call today.