Should You Move or Improve? A Guide to Maximising Your Property’s Potential
Thinking of moving or improving your home? This blog explores options for homeowners weighing the decision, especially in uncertain markets. From open-plan living to kitchen upgrades, we cover ways to maximise space and value. Oakley’s experts are here to guide you—whether it’s time to sell or make your home work better for you.
Deciding whether to move house or improve your current home is a question many homeowners face, especially during periods of uncertainty in the housing market. It’s a big decision that can feel overwhelming, particularly if you’ve just received an instant valuation of your property and are weighing up your next steps. Should you sell and move on, or would it be better to update your space to meet your needs?
In this blog, we’ll explore your options and help you make the right choice for you. Don’t forget that Oakley are here to help you through every step of your journey. Our dedicated and friendly property experts are always on hand to answer any questions you may have to make the process as easy and as stress-free as possible. Don’t hesitate to pop into your local Oakley Property branch.
Assessing Your Space: Is Moving Really Necessary?
One of the primary reasons homeowners think about selling is a lack of space. Whether your family is growing, or your needs have changed, it’s natural to feel like your current property may no longer be the right fit. However, before rushing into a decision, it’s worth taking a closer look at how you’re using your existing space.
Did you know that many homeowners aren’t making the most of the room they already have? Open-plan living, for example, is a trend that can make smaller spaces feel larger and more functional. By knocking down a wall or reconfiguring your floor plan, you can create a more spacious and modern home environment without the need to move. This kind of improvement often increases your property’s value—an important consideration if you decide to sell in the future.
Open-Plan Living: The Key to More Space?
Opening up your living spaces can transform the way you use your home, making it feel larger, brighter, and more modern. Not only does this benefit your day-to-day living, but it can also add significant value to your property when it comes time to sell. Buyers love open-plan designs as they offer flexibility and a feeling of spaciousness that traditional layouts sometimes lack.
When deciding whether to move or improve, ask yourself: Are you making the most of your current space? A simple reconfiguration of rooms could make all the difference, giving you the extra space you crave without the hassle of moving.
Extensions, Loft Conversions, and Basement Conversions
If you need additional space, adding an extension or converting your loft or basement can significantly increase both the functionality and the value of your home. For example, a well-planned loft conversion can add up to 20% to your property’s value, while a basement conversion can provide much-needed living space for a growing family. These options allow you to enjoy the extra space while still living in your current home, and if you do decide to sell, the added value can make the investment worthwhile.
Quick Wins: Kitchen and Bathroom Upgrades
If a full extension feels like too big of a commitment, smaller improvements can still make your space work better for you. Kitchen and bathroom upgrades are among the most popular home improvements and instead of a full remodel, you could consider cost-effective updates. Integrated appliances, more cupboard space or a different colour scheme can all contribute to a fresher feel. While it’s easy to spend tens of thousands on a brand-new kitchen or bathroom, it’s important to remember that not all improvements offer a full return on investment.
Freshening Up Interiors
Inside your home, small changes can make a big difference. A fresh coat of paint in neutral colours, decluttering, and updating light fixtures can all help create a more inviting atmosphere that can awaken your space.
Is Now a Good Time to Sell?
Timing is crucial when it comes to selling property. The housing market can fluctuate, and many factors, including interest rates, buyer demand, and the local market, can influence whether now is the right time to sell. If you’ve just received an instant valuation, it’s essential to assess whether market conditions are in your favour.
At Oakley, we keep a close eye on the local market, and our experts are always available to offer personalised advice. In some cases, it might be worth holding off selling for a little while if market conditions are unfavourable. On the other hand, if there’s a high demand for properties in your area, you could benefit from listing sooner rather than later.
If you’re unsure whether now is the right time, consider speaking to one of our team members for a market appraisal. Our face-to-face valuations go beyond the instant figures and provide a deeper insight into how your property fits into the current market landscape.
Final Thoughts: Moving vs. Improving What’s Right for You?
Deciding whether to move or improve is a deeply personal choice, and there’s no one-size-fits-all answer. However, by assessing how you’re using your current space, making targeted improvements, and keeping an eye on the housing market, you can make an informed decision that benefits both your lifestyle and your financial goals.
At Oakley, we’re here to guide you through every step of your property journey. Whether you choose to stay and improve or decide it’s time to sell, our expert team is ready to help you get the most out of your home.
If you’d like to explore your options in more detail, why not book a face-to-face valuation with one of our local experts? We’re here to provide honest, expert advice tailored to your specific needs, ensuring you feel confident about whatever decision you make.
