IMPROVE OR MOVE? HOW TO DECIDE WHAT MAKES MORE SENSE

Many homeowners struggle with one big question: should you renovate your current home or sell and move? Both options can be attractive depending on your goals, lifestyle, and long-term financial plans.

Here’s how to compare both paths clearly.

1️⃣ Why moving feels like the easier choice

Selling and buying new can seem faster and more exciting.

✔️ everything is updated

✔️ warranties on new builds

✔️ no renovation mess

But convenience doesn’t always equal the best financial outcome.

2️⃣ The emotional value of staying

There are often strong reasons you chose your current home.

✔️ established neighbourhood

✔️ close to work and schools

✔️ yard size and location

Sometimes the lifestyle benefits outweigh the appeal of moving.

3️⃣ The real costs involved in selling and moving

Moving is expensive once all costs are added up.

✔️ realtor fees

✔️ possible mortgage penalties

✔️ legal fees and inspections

✔️ moving costs

✔️ property transfer tax

These expenses reduce how much you actually walk away with.

4️⃣ Additional buying costs you must factor in

Buying a new home also adds more upfront expenses.

✔️ appraisal fees

✔️ inspection fees

✔️ GST on new construction

✔️ increased mortgage payments

Higher monthly costs can impact long-term affordability.

5️⃣ When improving your current home makes sense

Renovating can increase comfort and add long-term value.

✔️ update finishes

✔️ improve layout

✔️ modernize systems

Upgrades can turn a good home into a great home without moving.

6️⃣ Costs to expect when renovating

Improvements also come with their own set of expenses.

✔️ appraisal for equity access

✔️ increased mortgage payments

✔️ permits and design plans

✔️ materials, labour, and disposal

Budgeting properly prevents renovation costs from spiralling.

7️⃣ Disruption is unavoidable either way

Both moving and renovating create stress.

✔️ moving = long-term disruption

✔️ renovating = short-term inconvenience

✔️ both require planning and patience

The right choice depends on what matters most to your lifestyle.

💬 Final Thought

There’s no universal answer to the improve-or-move dilemma — the best choice depends on your goals, finances, and long-term plans. Comparing real costs and lifestyle impacts helps you make a confident decision.

If you want a personalized improve-vs-move cost comparison, message The Frontline Mortgage Group. We’ll help you evaluate both options clearly and confidently.