At some stage, every homeowner faces the same big question: should you transform the place you’re living into your dream home, or move and find it somewhere else?
If you feel like your space no longer works, there are a few things to consider before you decide to move away or start knocking down walls.
According to research by Churchill home insurance, the grass isn’t always greener. Government ‘improvement indicators’ suggest that many homeowners are choosing to upgrade their existing properties – through projects like loft conversions or extensions - rather than moving.
Reasons people are choosing to renovate
1. Stress
Moving is stressful – there’s no getting around it. From waiting for exchange and completion dates to packing up and sorting through years of belongings (including everything tucked away in the loft), the process can feel overwhelming. There are also viewings to manage, which means always keeping your home tidy and ready for potential buyers.
2. Emotional connection
For some, a house is simply a place to live. For others, it’s a home filled with memories and sentimental value that’s hard to leave behind.
3. Neighbours
Great neighbours can make it difficult to move. Whether it’s a friendly wave, occasional chats, or BBQs in the summer, those connections can be hard to replace, and there’s no guarantee that any new neighbours will be nice.
On the other hand, difficult neighbours can have the opposite effect. Issues like noise, boundary disputes or maintenance problems can create ongoing challenges. If you’re dealing with this, you can read our guide on resolving disputes with neighbours for helpful tips.
4. Cost
Moving can be expensive. Costs such as deposits, stamp duty, solicitor’s fees and surveys quickly add up. In many cases, investing that money into improving your current home can be a more cost-effective option.
5. Location
Location plays a significant role in the decision to stay. Proximity to transport links, schools, shops and green spaces can all influence whether a move makes sense. If your current location works well, renovating may be the better choice.
Things to consider if you want to renovate
Renovating comes with its own challenges and requires careful financial planning. It’s not uncommon for projects to take longer than expected – what starts as a six-month extension can easily stretch into ten.
If you decide to renovate, there are a few important steps to take:
- Inform your insurance provider before work begins
- Check the Government’s Planning Portal
- Consult your Local Planning Authority
In some cases, you may not need planning permission. Smaller projects – such as some extensions, loft conversions and garage conversions – may fall under permitted development rights, provided they meet specific criteria.
If you’re unsure, you can apply for a Lawful Development Certificate to confirm whether your project requires planning permission.
Why people decide to move
There are many reasons why people decide to move. A growing family may mean you need more space, or, in later life you might want to down-size your property.
You may need to be closer to work or family or are just looking for a fresh start somewhere new. Whatever the reason, it’s a good idea to write a list of pros and cons before making the move.
Here are a few practical things to consider before putting your home on the market:
- Tackle the DIY – loose floorboards and leaky taps will make your home seem neglected, so get on top of all the jobs you’ve been meaning to sort out.
- Declutter your home – potential buyers could be put off by piles of clutter, so make sure you clear enough space for them to see the potential.
- Give it a good clean and re-touch any paintwork – a well-maintained, fresh, clean home will improve its appeal.
- Tidy up your garden – first impressions count, so think about how someone will view your house from the outside and make sure it’s up to scratch.
If you have time, there are some home improvements that can really add value to your property.
Whether you choose to renovate or relocate, there’s a lot to think about. Taking the time to weigh up your options will help you make the right decision for your home and your future.
And if you do decide to move, take a look at our moving checklist to make sure everything goes as smoothly as possible.
