Three burning questions on upsizing

Date: 12 October 2014
Three burning questions on upsizing
At one point or another in your life, there will always come a time to upsize your home. Perhaps you've decided to expand your family beyond the initial plans, take on a parent in old age or simply want more room to relax. Whatever the reason, you might face a few issues when upsizing - here's how to deal with some of them

Do I buy a new home or renovate my current one?

The age-old question, and one that never really has a clear answer - because it depends on your tastes and needs. If you're living in an inner-city block, it is probably common sense to look at buying a new home, as renovations could be costly and require not just state planning approvals, but consent from landlords and neighbours who could be affected. However, if you've got more of a lifestyle block and want to add a new bedroom or sleepout, renovation could be more your style.

What will the cheapest option be?

There is a lot to consider here, and an agent or broker may be able to give some quality advice. Moving fees and house prices will vary no matter where you are, so best practice is usually to seek out many different quotes for refinancing, moving and building. Then you can work out your cheapest move.

Do I start from scratch with my furniture?

When you're creating a new space, be it renovating a lounge or buying a fresh house, there's always the temptation to remove all old possessions and start again. But wait! Take inventory of what you have - could that set of chairs just need a varnish, and the couch a simple reupholster before it looks ultra-modern? You can save yourself a lot of money by touching up current furniture, and they make great pieces to show off when your friends come to marvel at your new home.
Back to articles Filed under: Media / National News Tags: advice, buying, new home, upsizing
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