On top of above mentioned costs, there is stamp duty to think of. This is charged at 1% on properties sold for between £125,001 and £250,000, rising to 7% on those worth more than £2 million. With the cost of moving being so high, it can actually work out cheaper to IMPROVE your existing home instead, perhaps by having an extension. But this doesn’tcome without risks. Get it right, and you should end up with a home that meets your requirements perfectly and has gone up in value. But get it wrong, and you could end up with many problems and a home that’s worth less than when you started. So - ALWAYS choose a reputable company with excellent customer reviews – like Goliath Homeworld !
Some benefits of improving rather than moving :
If you like your home, your area and your neighbours, staying put and extending or changing the layout could prove a cost-effective alternative to changing properties altogether.
It's also a good option if you don't have much equity in your home, making moving difficult.
As long as you have the space, an extension or loft conversion can allow you to get the bigger house you need for a fraction of the cost. And putting a new kitchen or bathroom in can help to breathe new life into your tired, old home.
You just have to be prepared to put up with the inconvenience and disruption there will be while the work takes place. Or why not treat yourself to a holiday and return t your improved home?!
I joined Goliath Homeworld our family business in 2013, after studying travel at Cannock College and working for a local travel agent for 11 years in sales and customer care. I am the youngest daughter...