Should You Renovate or Sell? How to Decide

It’s a dilemma most homeowners face at some point: stay and renovate, or sell and start fresh. With Perth’s property market moving quickly and construction costs still finding balance, deciding what’s right for you depends on your lifestyle, finances, and long-term goals.

Consider the Space You Need
Start by looking at how your home currently works for you. If you love your neighbourhood but have outgrown the space, a smart renovation could make sense. Adding a new living area, updating the kitchen, or reconfiguring the layout can make a big difference — especially if the block and local zoning allow for extensions.

Weigh Up the Costs and Benefits
Renovations can be rewarding but often cost more and take longer than expected. Get professional advice early, and compare the total spend against what your property might sell for in its current condition. In some cases, it may be more cost-effective to sell and buy something that already fits your needs.

Think About Location and Lifestyle
Location is often the deciding factor. If you love your street, your neighbours, or local amenities, staying put might be worth the effort of renovating. But if your lifestyle has changed — for example, a longer commute or a desire for a different community feel — selling could open the door to a better fit elsewhere.

Factor In the Market
When sale prices are strong and buyer demand is high, as they are across Perth right now, selling can be an attractive option. On the other hand, if supply is low and construction timelines are stretched, improving your existing home might offer better value and less stress.

Seek Professional Insight
Before deciding, speak with both a trusted agent and a builder. A local agent can give you a clear picture of your home’s current market value and resale potential, while a builder can outline the scope and cost of renovations. With both perspectives, you’ll be able to make a decision that balances financial sense and lifestyle priorities.

Whether you choose to renovate or sell, understanding your goals and the market is key. With the right advice, you can make a confident decision that supports your future plans — and ensures your home continues to work for you.

If you'd like to talk about how this will affect your property plans, don't hesitate to contact the team at Bellcourt on 08 6141 7848.