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Home Renovations Flourish in Victoria Due to Rising Market. Can it Happen in Perth?

Jun 15, 2017

Home renovations are already popular in Perth for a number of reasons. The uncertainties of the Perth real estate market have made many homeowners hesitant to put their current home on the market, buy another home and then move all of their belongings.

Currently, the Perth real estate market continues to stagnate. However, periods of stagnation are usually followed by periods of growth. In Melbourne and in all of Victoria, housing prices have risen sharply and a greater number of homeowners are choosing to renovate instead of selling, buying and moving.

In addition, many homeowners are finding that home renovation is the only way they can afford to stay in their preferred suburbs while living in a larger home. Home renovations are now on the rise in Melbourne with no end in sight. This raises a question: can it happen in Perth?

Why Home Renovations are Popular in Perth

Home renovations are already extremely popular in Perth. When prices begin to rise again as they always do, we see home renovations becoming even more popular in Perth. But why are home renovations so popular in the Perth area?

The answer is simple: home renovations save time, money and effort compared to selling, buying and moving. In a buyer’s market, it is hard to sell your current home. In a seller’s market, it is hard to buy a larger home.

In either case, you have the Monumental hassle of packing your belongings and moving from your old home to your new home. It can also be traumatic for your children to have to leave their friends and start over in another neighbourhood or another suburb.

Call the Home Renovation Professionals Today

Despite a flat real estate market, we are still experiencing a rise in demand for home renovations. More and more Perth homeowners are deciding to turn their own homes into their dream homes instead of buying another home and hoping it’s what they want.

If you are looking for a larger home, call Next Level extensions today for a free consult: 1300 948 094.

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