Nancy chatted with Jem Funk, our resident guest who is a lighting and interior designer, about the pros and cons of renovating vs. relocating.
Does your home no longer meet your needs?

Take into consideration what your current and long-term requirements are that you are looking for in your ideal home.
What do you need and want?

Consider the following aspects:
•size of your home – too big, too small?
•location of your home – on a busy road?
• neighborhood –  access to shops, schools and public transport?
• current state of your home – old and too difficult to repair or already a modern design?
•budget – what is possible?
RENOVATING
Advantages

Stay in the same location.
Increases the value of your home.
Adjustable to your needs and wants.

Disadvantages

Potential of overcapitalizing.
Financing.
Living on a building site.
Overseeing contractors.
Stress levels.

RELOCATING
Advantages

Receive a good price for your property.
Don’t have to deal with renovations.

Disadvantages
•Costs of selling.

Searching for the right house.
Stresses involved with moving.

Note:  There are people who can do these tasks for you.  They can also help you downsize, purge and advise.
This podcast sponsored by Thermador Appliances
February 17, 2021
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