Money Box Live: Move or Improve?
Summary
Moneybox Live debates whether homeowners should move or improve, discussing the high costs of relocation versus renovation. Experts delve into planning permissions, budget management, and avoiding rogue traders, alongside addressing issues like problematic spray foam insulation and difficulties selling unique properties. The episode provides practical advice on financing, contracts, and navigating complex property transactions to help listeners make informed decisions about their homes.Episode description
If your home isn't working for you, should you pack up and move or get the builders in and improve?
Moving is expensive, aside from the price of the house there's Stamp Duty and solicitors fees to think about. So, is it worth getting the builders in instead if you're desperate for an extra bedroom? Insurance firm Aviva predicts 7 million of us will renovate over the next two years, spending an average of £14,000 each.
But what happens if the renovations go wrong, you run out of money, or you're hoping to move but no-one wants to buy your home?
Felicity Hannah is joined by Beth Rudolf from the Conveyancing Association and Harvey Fremlin, Managing Director at The National Self Build & Renovation Centre.
Presenter: Felicity Hannah Producer: Sarah Rogers/Helen Ledwick Editor: Jess Quayle
(This episode was first broadcast at 3pm on Radio 4 on the 7th of May 2025)