Improve or Move
The Biggest Question You May Face To Move or Improve?
Moving house can be a stressful and expensive period with unexpected changes and costs rearing up at any moment. It can also be a blissful transition, especially if there are no chains involved, when finding the right home can feel like you’ve found the golden ticket.
Why You Should Improve
The benefits of improving can certainly outweigh the prospects of moving with:
Strong house prices
High cost of moving
- Multi-generational living is now becoming a very practical option, either grandparents selling up and becoming the in house child care, or young adults coming back to the family home after university or to save for a deposit.
- More financial options that you might think:
Release equity from your current home
Remortgage – you could increase the loan and extend the term and get the money you need now, at the same monthly repayment
- We have a partner firm who can talk you through whole of market options to raise finance
- Increase the value of your current home and make it the home that you want.
What You Need To Ask Yourself
Talk to Guy phoenix about any plans or projects that you are contemplating. We are currently working for three clients all of whom own their properties but now feel that they would like to create their dream home, in the home they already own. These projects range from lost conversions to total renovations. Ask yourself the following questions:
- Is my location right for me?
- Am I happy with the commute / school run / travel links and amenities
If both of these are yes:
- Start your wish list – open plan kitchen / home study / extra bedroom etc
- Put everything that you can think of that would make the house perfect
- Now split it into Need to have and Nice to have
- Look into planning and permitted development
What You Need To Know Before Starting Work
You can perform certain types of work without needing to apply for planning permission. These are called “permitted development rights”.
They are not granted not by the local authority, they are set out by Parliament. These laws apply to many common projects for residential homes, but do not apply to flats, maisonettes or other buildings.
In some areas of the country, known generally as ‘designated areas’, permitted development rights are more restricted. For example, if you live in:
- a Conservation Area
- a National Park
- an Area of Outstanding Natural Beauty
- a World Heritage Site or
- the Norfolk or Suffolk Broads
You will need to apply for planning permission for certain types of work which do not need an application in other areas. There are also different requirements if the property is a listed building.
The most important advice
The Planning Portal’s general advice is that you should contact your local planning authority and discuss your proposal before any work begins. They will be able to inform you of any reason why the development may not be permitted and if you need to apply for planning permission for all or part of the work*
*The Planning Portal Nov 2017*
- Then look at finances!
- Get an independent valuation of your home, and then try and get a guide price for the house with the works completed.
- Then get a firm you trust to look through the wish list and give you a headline figure for the proposed works
- If the works budget is less that the forecast market value it’s an easy yes
- If it’s more – then ask yourself how long will you be here ? is this your forever home? All house prices rise and so if this more than a 10 year home – you will inevitably make the money back – and you will be living in your dream home.
- Whatever you are thinking about – why not call our building and renovation team and get the advantage of 20 years’ experience in adding value to residential homes coupled with a fresh contemporary take on the best of modern design.
When Moving Is The Best Option
Moving house can be the best option in regards whether you’re considering moving or improving. When the location, the size and the style may not be to your taste or requirements it can be the most sensible option to find a new home. Whether you’re considering a new home, we would always suggest to build your own.
Need advice on building your home?
Check out our blog New Year New Home