Search Our Site

 Contact Us: 01473 216950     Email: info@wolseymortgage.co.uk

 

To move or improve?

kitchen
That’s the big question faced by many a homeowner. Can you face the upheaval of moving? Have you outgrown your current home? These are just a couple of factors that can influence your decision.
Does your home have the potential to extend/remodel? You’ll often see Kirsty Allsopp and Phil Spencer fighting it out on Channel 4’s “Love it or List it,” when homeowners have their house remodelled to suit their needs whilst being shown other properties they can afford. There’s no doubt, it’s a tricky decision to make.

Another consideration to make is, will these improvements increase your property’s value?

According to GoCompare, the improvements that see the best returns are:

1. A new boiler.
2. Installing central heating.
3. A garden makeover.

Interestingly, those projects that could lose you money include:

1. Installing solar panels (these will actually have a negative effect on the value of your property).
2. Building a garage.
3. Adding a swimming pool.

To find out if your planned home improvements are a worthwhile investment, take a look at GoCompare’s online calculator - https://www.gocompare.com/home-insurance/property-investment-calculator/.

Whether you decide to move or improve, make sure you do your research. A review of your mortgage and circumstances could enable you to free up some cash for some major home improvements or indeed move to a much larger home.

Please note the content of this blog is for guidance purposes only and does not constitute for professional advice. Contact us today at info@wolseymortgage.co.uk or by calling 01473 216950.
Is the Buy-to-Let market still a good investment?
How much deposit do I need to buy a house?

Related Posts

 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Monday, 18 November 2019

Captcha Image

Get in Touch

3 Sorrel Horse Mews
Grimwade Street
Ipswich
IP4 1LN

 

01473 216950

 

Get in Touch

We’d love to hear what you’re looking for. Mortgages, insurance or any of our specialist products.

Fill in your details below and one of our experts will be in contact.

Please let us know your name.
Please let us know your email address.
Please write a subject for your message.
Please let us know your message.
Invalid Input