Should I Move or Renovate?

Life is changing rapidly and with advancements, in your lifestyle, you need your house to be compatible to your requirement though you’ve been in the house for a while and are still fond of the place you realize that it needs a ton of upgrades.

The question arises whether you should consume your energy, time, resources and finance to renovate your existing area or just finances to buy from the ready luxurious flats for sale in Mumbai with world-class amenities and upgraded intelligent décor by the real estate developers in Mumbai.

To answer that question, you’ll have to think about your emotional attachment to the house, whether renovating will bring a good return on your investment or drill a hole through your pocket. Will you save time and energy if you can afford to buy a replacement home?

These and other factors will help you make your choice.

1. Can u detach for practical reasons?

Not only your neighbors but also your location and surroundings will change if you decide to change the base for viable reasons. If you have a strong connection to the neighborhood and emotional ties to your home, renovating may be the right answer. But if not then choosing the right location with a safe neighborhood will be more favorable to growth.

2. Are you budgeting realistically?

Realistic budget planning is critical when deciding whether to make your current homework or look for another one. Especially budgeting accurately is essential if you do decide to renovate because something that might start off as a fortnight job might go on for months adding expenditure and stress. Whereas if you have a buyer for your present home and can afford to buy a home in an all-inclusive construction you would be off the stress an own a better property.

3. More room or more rooms?

Many homeowners base their decision to sell on the need for more space. However, a smarter layout that adds one more room but not more square footage can help some homeowners avoid moving but could make the present place more congested and cluttered. Whereas, buying a spacious home with a more efficient layout in new sturdy construction would be a sensible solution. Also, this option is often much less disruptive and expensive than renovating if finances are intelligently managed.

4. if moving is the only solution

If your current home has a certain unresolved issue such as hostile neighbors or the neighborhood is not as conducive, or if no good schools or social amenities are in the vicinity it could be time to move out. If your residential district is in a cramped physical setting with poor infrastructure and the area has no green or recreational spaces too than in such cases moving is the only resort.

5. How long will a renovation take?

Many people overlook the fact that renovation involves serious long-term commitment in time and energy. Finances and time are the foremost consideration before you hammer a nail.

A normal kitchen remodel involving new countertops, cabinets, appliances, and floors can stretch on for three to six months. If ductwork, plumbing or wiring has to be addressed, the job could take longer. A bathroom remodel can require two or three months, while a room addition can take easily 4 months. Patience and resilience are required if you have to renovate.

6. Will you earn back the upfront costs?

Before opting to remodel or sell, it is important to determine what return on investment you’ll see on either option. If you are upgrading than one should be aware of the average return on investment for the renovations. It is seen that most home upgrades do not pay for themselves in the form of a higher eventual sale price. Some renovations manage to recover 80 to 90 percent of their costs, while others barely cover half their expenses.

If you’re thinking of listing your current home and buying another one somewhere else especially from a new project in Mumbai, you will be delighted to see the available finance options and the flexi paying methods.

Flats for sale in Chembur, flats in Ghatkopar, 1 bhk in Mulund or 2 bhk in Vikhroli including world-class intelligent amenities is a total win-win as the initial low down payment and flexible EMI’s with an increasing asset value plays out to be very beneficial.

7. Renovation with Permissions

Application to the Secretary of the society giving all the required particulars is required with an acknowledgment from the Secretary of the society on receipt of application. All rules laid down by the society have to be abide with in terms of working hours, dumping of the debris, safety of residents in concern when moving or shifting construction materials in and out of your flat. All approvals from the local authority for respective change or addition in your flat are a mandate.

These are some fundamental steps to understand what you need out of the two options and will make it easy for you to make a realistic decision keeping your future in mind. Ongoing projects by Haware properties especially Intelligentia in Vikroli has amazing smart technology, intelligent amenities, and luxurious facilities that a renovation won’t ever be able to offer so effortlessly.

My name is Rahul Pawar and currently I am working as a Sales executive with one of the most renowned builder in Mumbai. If you are interested to buy a href=https://www.ashwinshethgroup.comresidential property in mumbai then contact me directly