Feature article
Should you renovate or relocate?
How to decide what’s next for your home
Last updated: 21 July 2025
AI summary
Deciding whether to renovate or relocate? Your home equity—the difference between your home's value and your mortgage—can fund either choice. A renovation allows you to stay in a beloved location, with estimated mid-range costs of $20k-$35k for a bathroom or $25k-$45k for a kitchen.
Relocating offers a clean slate, letting you find a home that fits your current lifestyle without the stress of construction. Weigh your attachment to your neighbourhood against the benefits of a new layout or community.
Tapping into your equity
What do renovations cost in 2025?
The upside of starting fresh
What works for you and what doesn’t?
If the perfect home pops up, don’t hesitate
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