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.
How is your mortgage really performing?
Take our 60-second MortgageSMART™ quiz to see if your mortgage could work harder.
🏡 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 considered how much it could cost just to change addresses?
💸 The expenses can add up surprisingly quickly!
🏠 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 home 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 put that same money towards 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. ✅ Make significant improvements to your lifestyle. ✅ Potentially increase the value of your property.
And you could avoid the stress, hassle and expense of moving!
Of course, sometimes moving is the right decision. But if you already love your neighbourhood and location, perhaps renovating is worth exploring first.
💡 Before spending $100,000 moving house, consider what that money could do for the home you already own! 🎥 Thinking about renovating?
Discover our FREE MortgageSMART Cashout/Renovation Strategy and learn how you might access equity to improve your home while still working towards becoming mortgage-free sooner.
✅ No email required. ✅ No phone number required. ✅
General information only, not personalised financial advice. Costs vary by property and circumstances. Renovations may not increase property value by their full cost. Borrowing is subject to lender approval.
