Feature article
Should you renovate or relocate?
How to decide what’s next for your home
Last updated: 21 July 2025
AI summary
Deciding whether to renovate or relocate? A key factor is your home equity, which can fund renovations. For 2025, budget around $25k-$45k for a mid-range kitchen and $20k-$35k for a bathroom. Renovating is a great option if you love your current location and community.
Alternatively, selling your home offers a "clean slate" and a layout that fits your current lifestyle, avoiding renovation stress. To decide, weigh your attachment to your neighbourhood against the benefits of a new property.
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