Renting or buying – which do you choose?

There’s always a big debate about which is better – renting or buying and, really when it comes down to the final decision, it’s about personal preference and ultimately what you can afford.


A big chuck of your monthly mortgage payments are to cover the interest on the loan itself, which is why it takes a long time to pay off – meaning most people tend to stay in the same house for a number of years. Renting, on the other hand, does give you the extra flexibility if your circumstances were to change and you needed to move.


If you have a specific area in mind, then buying a home there may be unaffordable at the present time – so renting may make more sense. Although, paying rent every month doesn’t give you anything back for your investment but if it works for you, then that’s the main thing.


However, depending on where you want to live monthly mortgage payments could be cheaper than rent costs in the same area.


Over the past few years, house prices and average rent costs have both risen significantly while the cost of mortgages has fallen. The best thing to do would be look at the costs for both options, and then decide what is best for you.


How to best utilise your spare room when selling

Making the most of the space in your home is a sure-fire way to increase its value when it comes to selling up – and it’s a trend which has become very popular with UK sellers.

After all, who wouldn’t want to ensure that their property sold for the highest price possible?

It’s often found that when enhancing their home, many sellers are failing to give their spare room enough attention.

It’s a room which many homeowners have, but few utilise to its full potential.

However, with some simple alterations you can make this room attractive for buyers from a variety of demographics and it can have a variety of uses…

Home Office

No matter who you are marketing your property towards, a home office is always a fantastic use for a spare room. It’s likely a home office, or a space which has the potential to become one, will be viewed as desirable by buyers.

Young professionals will crave a place to work from home, and students will want a separate place where they can complete their studies.

If you’re considering transforming your spare room into an office, it won’t take much work. Ensure the room has a large window, great lighting, and if needs be, purchase a desk to help make the room look the part.


If you believe your home is ideal for first-time buyers and you have a spare room, then it’s likely that this buyer demographic will want a playroom in the future, something which can be easily transformed, regardless of the room’s size.

If you’re thinking that a playroom could be a smart move for your property, then ensure the room has wood flooring instead of carpets as spillages are inevitable. If you have a few spare toys this could also further demonstrate its potential as a space for children.

Guest bedroom

When you think of a spare room, an obvious way of utilising its space is to convert it into a guest bedroom. When buyers come to visit your home, highlight the room’s potential for having extra people to stay, and you can also inform them of the extra storage facilities available in the room, too.

You don’t need to transform the spare room into a guest room just yet, as you’re not sure exactly what buyers will want. However, by de-cluttering, giving the room a fresh lick of paint in a neutral colour and adding new flooring and a rug, it will increase your chances of getting the thumbs up from prospective buyers.

Home Gym

A home gym would certainly be an attractive added extra to your home, and it’s a trend which is really growing in popularity. After all, who doesn’t want to be fit and healthy in the 21st Century?

Gym memberships can be incredibly expensive, so creating your own workout hub will mean that potential buyers could save time and money – something which every buyer would be happy to hear when they view your property.

Now if you’re a seller, don’t go getting ahead of yourself and get the room kitted out with the latest gym equipment when transforming a spare room.

All you need is a bright space with some low-cost gym equipment to help buyers envisage the room’s potential.
At crucible, we’re aware of what buyers are looking for, and our job is to assist sellers with the successful marketing and sale of their property.

Contact us today for a free valuation!