Renovate or Relocate?

With property prices rising across all markets and interest rates starting to rise up, there will still be plenty of Australians questioning whether it’s the best time to sell and upgrade into a bigger home, or do they renovate their existing home.

While upgrading into a bigger and better home is quite often a simpler and more efficient solution – it is not always the most cost-effective option.

It’s really easy to say that before making any major financial decisions, it is important to weigh up the benefits of both options and determine which choice might be right for you and your financial situation.

There are a few basic but key factors to consider when deciding between selling to upgrade or renovating the current home.