Is Renovation Better Than Relocation?

Bangalore: With the increase in property prices, most of the people are deciding to go for renovation than shifting to a new place. But now the question arises: does renovating a house actually cost less? Will it fetch good returns? Although shifting to a new house involves huge sum of money, remodeling a house is also time consuming and costly in today’ date. Below are some tips on relocation and renovation.

Know your needs:

Although, buying a house is a huge investment, people get emotionally attached to it. So, it is important to notice whether your house is fetching better profit when selling. Other things like location, neighbourhood, quality living is also important simultaneously. But when you decide to sell your house and move to a different location, you need to evaluate your needs as well as the cost of moving, reports Amit Shanbaug of Economic Times.

Are you motivated enough to make a move?

Time and money are the key factors to decide whether to sell the house or to go for renovation. If you are selling the house, you need to chart out reasons. For instance, whether you want to shift to a different location that has better infrastructure and better lifestyle, the house is not enough for all the family members and house renovation is tedious and time consuming.

Also Read: Wealthy Indians Prefer to Buy Home Overseas