Build, Buy Or Renovate: Which Option Will Suit You Best?

There are several options available to buyers thinking about moving to pastures new. Whether you’re keen on a change of scenery, or you’ve outgrown your home, it’s worth weighing up the pros and cons of building, buying and renovating. In this guide, we’ll take a closer look at the benefits and drawbacks to help you make a decision.

Buying

Buying a property is often a straightforward solution, especially if you’re looking at brand new homes or affordable house and land packages. Buying usually involves a simple transaction, which makes budgeting easier, and you have the choice to move straight in or to redecorate or plan an interior revamp if you’re keen to put your stamp on your new home. If you choose to buy rather than renovate, you can explore different areas and view a diverse range of properties. If you’ve fallen out of love with your current home, you’re worried that you can’t solve the problem of space shortages, or you don’t want to take on a remodeling project, buying is likely to be the best option for you.

Building

Building a new home is an increasingly popular option. There are two main reasons for the uptick in this kind of project. The first is the opportunity to save money in comparison to buying, and the second is the ability to design a home that is bespoke. If you can’t find the perfect home, you’re struggling to locate properties that give you butterflies, or your budget is tight, it’s worth exploring the possibility of building a new house. With this option, you can create your dream home, but there are downsides. Budgeting is more complex, as there are multiple calculations involved. You’ll need to factor in the cost of the plot, planning processes and all the labor, materials and equipment required to construct the building. You’ll also need to account for furniture, fixtures and fittings, decorative touches and landscaping. If you like the sound of building your own home, it’s critical to undertake extensive research and to make sure you have an accurate idea of how much you can afford to spend.

Renovating

Many people are reluctant to leave their homes, but they up sticks because they need more space. Before you put a for sale sign up and prepare to bid a fond farewell to a home you love, it’s worth investigating potential renovations. Adding an extension, converting basements and attics and investing in structures like garden rooms can help to increase living space and make homes more suitable for modern-day family life. Ground floor extensions are ideal for those who want a bigger kitchen-diner and homeowners looking to add a studio, an office or a playroom, while extending upstairs too can create extra bedrooms and bathrooms. Attic rooms make great spare bedrooms, offices and relaxation spaces, while basements can be turned into fabulous workspaces, kitchens, play areas, home gyms, bars and games rooms. If there is no option to add space indoors, garden rooms are a brilliant solution for home workers and those who want space to indulge hobbies and interests. The extra space outside will free up room inside. Get some quotes and explore ideas before you make a decision.

If you’re thinking about relocating, it’s always beneficial to weigh up all the options on the table before you decide which move is best for your family.