Should I Stay or Should I Go?

If you’re of a certain age, that title may have had you recalling the sound of The Clash thrashing away to that famous track. And if not, well, you missed out!

But reminiscing aside, a recent survey by Compare the Market revealed that the ‘average homeowner’ (whatever that is!), is planning to stay in their current home for the next 8 years.
No, we don’t know how they work this stuff out either, but let’s assume that’s an actual average time given by survey respondents.
The main reasons for staying put are rising house prices and Brexit (really).

This got us thinking… With the money you save by not moving home: The conveyancing, surveys, stamp duty, removals, other hangers-on of the moving house gravy train… That’s quite the pretty penny!
And that’s before you get to the saving of not carrying a larger mortgage, increased council tax and running costs.
The reality is, with some or all of that saving, there is simply so much you could do to improve your current home.

If you’ve made the decision to stay in your current home, why wait to improve it? There isn’t much point in doing it just before you leave. So many people invest in home improvements just before they move “to maximise the market value”, which seems a shame. If you’re going to invest, why not enjoy it now?

We’ll let you into a secret. We replace many a recent bathroom suite or kitchen installation, simply because the new owners want to put their own stamp on it.

And anyway, when was the last time you heard of a buyer wanting to pay over the asking price because you’d done a great job with the tiling?

You may be surprised by just how far your budget will take you, when it comes to even fairly significant updates, upgrades and replacements.

We’re always happy to help and advise, so if you have any questions, feel free to drop in or to get in touch.
 
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