Big life decisions are inevitable.
Whether it is career choices, buying our first property, welcoming children into the world, upgrading our home, downsizing to retire or refinancing to get through life’s ups and downs, we all face these sometimes tough decisions.
There is no doubt that many Australians are finding life challenging right now. But for those who are able, this market of low interest rates and low market activity could be an opportunity to buy a better home for your dollar.
The reasons to upgrade will vary between families.
They may include the chance to cater for a growing family - a spare room for working from home, additional desk space for home schooling or larger bedrooms for growing teenagers.
Currently there are also additional considerations with government schemes and grants associated with building and renovating.
With research, planning and stable finances, an informed decision can be made as to whether it is appropriate to upgrade the family home through renovation or to purchase a new home for a growing family’s size and needs.