Video· Buying· Cash Flow
Moving House Could Cost You $100,000! Renovate Instead?
Published · 1 min read
You could spend $100,000 moving house and have nothing to show for it!
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🏡 You Could Spend $100,000 Moving House… and Have Nothing to Show for It! 😳💰
Thinking about selling your home and buying something better?
Before you do, have you actually worked out how much it's going to cost just to move?
💸 The costs can add up pretty quickly!
Let's break it down: 🏠 Real estate commissions and selling costs: Potentially $20,000–$30,000. 📑 Stamp duty on your next home: Depending on the purchase price, another $20,000–$50,000 or more. 🔨 Pre-sale renovations: Painting, flooring, landscaping and repairs to get your current property ready for sale. 🚚 Moving expenses: Removalists, conveyancing and other associated costs.
Suddenly, you could be spending $50,000–$100,000 or more just changing houses!
And that's before you've spent a dollar improving your new home.
🤔 But what if you spent that same money renovating the home you've already got?
You could potentially:
✅ Create the kitchen or bathrooms you've always wanted. ✅ Add an extension or outdoor entertaining area. ✅ Install a swimming pool for summer. ✅ Increase the value of your existing property. ✅ Avoid the expense and hassle of moving.
Of course, sometimes moving is the right decision, particularly if your current home or location no longer suits your needs. But if you love where you live, it might be worth exploring your renovation options first.
💡 And if you've built up equity in your home, you may be able to access funds for renovations without having to sell.
🎥 Want to see how this might work for you?
Discover our FREE MortgageSMART Cashout/Renovation Strategy.
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General information only, not personalised financial advice. Costs are illustrative and vary by property and circumstances. Renovations may not increase property value by their full cost. Borrowing is subject to lender approval.






