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Is it a good time to trade up?



Donal Buckley from The Irish Independent weighs up the 'Pros' and 'Cons' of 'Renovating' or 'Trading-Up'.

Many home-owners who need more space are faced with a dilemma: Do I sell and buy or do I renovate and extend?

Cuts in stamp duty have reduced the cost of moving, but reduced labour costs have cut the cost of improving.

Here are two case studies that provide guidelines to choosing between these options and these are based on mortgage rates which are broadly in line with what is available in the market today.

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