The big question: is it better to reform or move to a new home?


The big question: is it better to reform or move to a new home?

Families grow, needs change, and housing preferences evolve, all the more so in today's circumstances. preferencias en lo que respecta a la vivienda evolucionan, that time comes, it is normal for the question to arise between renovating or moving. The decision is complicated and will always depend on both personal circumstances and the real estate market.

Reformar o mudarse: cuestiones clave


One of the first aspects that should always be assessed is whether, after a reform, the home will meet these new expectations. Sometimes, with a new distribution you can get that extra space for the office or one more room. But it will not always be possible. Being realistic with the possibilities of the property is important.

Secondly, financing must be taken into account. Whether the decision is to reform   move, accounts will have to be made. A work, especially if it is large, involves an outlay of significant money for the work itself and for the licenses and taxes that must be paid.

On the other side of the scale, the possibility of applying for subsidies will have to be assessed. The different administrations periodically launch rehabilitation aid plans that can be a small relief when facing the  la reforma and that should not be dismissed.

When it comes to buying a new house, of course, it involves a higher expense. But in this case, we must not forget that the sale of the home will already offer a good financial cushion to face the new purchase. An added bonus is that prices have been contained in recent months, although the real estate market is beginning to recover quickly.nueva compra.

When it comes to deciding whether it is better to renovate or move, in addition, we must not forget that a new home will allow us to have everything that is needed to create a true home: more meters, a terrace or garden, common areas, etc. And it will not always be necessary to seek financing. In areas with less demand (expanding neighborhoods or on the outskirts) prices are more adjusted. It is a possibility that must always be put on the table.

Analyzing the real estate market


The situation and evolution of the real estate market is the factor that can definitely tip the balance between renovating or moving. Expectations for the coming months are very optimistic, which is reflected in market prices.

With a reactivation in the sector that is reflected in rising prices, the first impulse will be to reform. However, this upward evolution also benefits in case of choosing to change, since a greater benefit will be obtained from the sale of the current property.

The advice is to carefully analyze the market situation and the investment or financing possibilities. With Spainhouses you won't have any difficulty, in our statistics section you can check the evolution of housing prices by areas, cities and even neighbourhoods. You can thus calculate how much your home is worth and in which areas it is more profitable to invest in a new one.

If you finally decide to move, remember that we have already offered you tips for selling and buying a house at the same time. In addition, with our search engine and the possibility of publishing your home on our website, everything will be much simpler and faster.




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