Renovate to Sell or Stay? We Can Help You Decide

WINNER – Canberra Small Business of the Year 2025

Deciding whether to renovate your current home or sell and buy somewhere new can be a difficult choice. There are many factors to consider, and it’s normal to feel uncertain. At Your Property Profits, we understand that every situation is unique, and we can talk through your options to help you make the right decision for your lifestyle, finances, and future plans.



When weighing your choices, here are some key points to consider:

Renovate and Stay

Advantages:

  • You remain in your current neighbourhood, close to family, friends, and familiar surroundings.
  • You can tailor your home to your exact needs and lifestyle, including modern layouts or accessibility upgrades.
  • Renovating may be less expensive overall than selling, buying, and moving.
  • Renovations can increase property value while you continue to enjoy the improvements.

Disadvantages:

  • You remain in your current neighbourhood, close to family, friends, and familiar surroundings.
  • You can tailor your home to your exact needs and lifestyle, including modern layouts or accessibility upgrades.
  • Renovating may be less expensive overall than selling, buying, and moving.
  • Renovations can increase property value while you continue to enjoy the improvements.

Sell and Buy New

Advantages:

  • You can move to a home that already meets your current needs.
  • Modern layouts, designs, and finishes are already in place, avoiding the disruption of renovation.
  • It can be quicker than completing a full renovation, depending on the market.
  • Opportunity to relocate closer to work, schools, or other amenities.

Disadvantages:

  • Upfront costs for selling and buying can be significant, including real estate agent fees, stamp duty, legal costs, and moving expenses.
  • Net profit may be lower if property prices are high or market conditions are unfavourable.
  • Moving can be stressful and emotional, particularly leaving a familiar home.
  • Finding a property that perfectly meets your needs may be difficult, requiring compromises. But of course – we can always help you renovate your new house too!!

Not Sure?

If you’re unsure which path is best, we can guide you through a personalised assessment of

your property, finances, and goals. We’ll help you weigh the pros and cons, costs involved,

understand potential outcomes, and choose the option that works best for your circumstances.


You might also find some additional help in our learning hub