Move or Improve?

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Having to choose between moving to a new home and improving your current one can be a really tough decision to make. We explore the pros and cons of moving over improving, paying special attention to the costs involved and the options you’d have to fund your home improvement at no extra cost.


In all likelihood, the costs associated with your possible choice to move would encompass the difference between your old home and your new house, sale costs, removal costs, and notorious hidden costs.

The difference between your old home and your new house

Ordinarily, the difference in property values which you’ll have to fund is indeed funded through taking out a bigger mortgage. It’s best to find out what the costs of the subsequent mortgage arrangement and valuation fees will likely be.

Sale costs

A rather extensive list of sales costs would apply, including agents fees, stamp duty land tax, conveyancing fees (and their associated costs), as well as disbursements (which include a local authority searches fee, drainage and water search, environmental searches, land registry search fee, bankruptcy search , and a land registry transfer fee).

Removal costs

Any removal costs will depend on the volume of goods you will require to have moved as well as the distance between your old and new home. Additionally, whether or not you pack the goods well yourself or indeed if you’re looking to have a company protect some of the larger items of value for you will add to the costs.

Hidden costs

On average, a new home will come with around £5,750 in a whole range of hidden costs which include the likes of repair bills and problems such as rot, structural defects, and subsidence. Some possible hidden costs for redecorations, maintenance and repairs might have to be worked in to your budget, while a survey of your prospective home purchase might protect you against these hidden costs.


With the right approach you can fund your home improvements at no extra monthly mortgage cost, if of course you’re thinking a lot closer to your existing home.

You can turn a three-bedroom house into one with four bedrooms for no more than £10,000 – a project which could even have you enjoying an en-suite bathroom thrown into the mix to make for a real bargain! Since a bathroom doesn’t require to have an external window, it can be moved to the master bedroom if the master doesn’t already have one, otherwise it can be moved to another room which can be created by making a room between the front and rear bathrooms.

An internal wall located between the dining room and kitchen can be knocked down to create some space which is a lot more usable, resulting in an open plan for which the alternative can be turning the wall into a dining area to separate the kitchen from the dining room.

For some additional living space, a chimney breast can be removed.

An existing cellar space or loft can be converted, perhaps through the installation of a new bathroom in that area.

The living space can be enlarged via the construction of a small rear living room extension, with plenty of ideas and detailed plans available from your Mortgage Brokers as to exactly what is possible.