Renovating a house is a very profitable alternative, although depending on the characteristics of the remodeling, knock down rebuild a house from scratch can be cheaper and better. In this article knock down rebuild sydney give you some guidelines to make the decision that best suits your budget, your tastes and your needs.
Whether due to the fact that the family is growing and it is necessary to have more rooms or even due to an increase in income. Renovating a house, buying a new one or knock down rebuild it from scratch will always be a good option. However, these two options are very different in terms of cost and lifestyle impact and depend on many factors.
Next, knock down rebuild sydney explain in detail the aspects that you must take into account when knowing which is the best option: whether to renovate a house or knock down rebuild a new one.
Renovate a house vs. knock down rebuild
Before making a decision, it is essential to consider what you and your family need from a home and if those needs can be covered with a reform. If you want to dramatically expand your square footage, make changes to every room, or design a custom home, you may want to consider knock down rebuild your home. If you only plan to remodel your basement into useful space, expand your kitchen, or add a second floor, renovating your home may be the cheapest and smartest choice.
But before making a decision, it is essential to consider what are the advantages and disadvantages of renovating a house or knock down rebuild a new one.
Advantages of knock down rebuild a new house
- The design is 100% customizable, so you can get the type of house you want as long as the budget fits your pocket.
- The satisfaction that comes from being involved in the design and construction process of your home is indescribable.
Disadvantages of renovating a house
- The end result may be very different from what was originally planned.
- Depending on the magnitude of the works, the cost of renovating a house can be very high and over-capitalized.
- The discovery of structural problems can cause unplanned extra expenses.
Factors to consider when renovating a house or knock down rebuild
As knock down rebuild sydney have explained before, if you are planning a very radical renovation that includes structural changes (ceilings, floors, electrical installations, plumbing, etc.), it may be more economical to start from scratch. Although the costs, both to reform a house and to knock down rebuild sydney it, depend on the quality of the construction, materials or finishes. In other words, renovating a house can be as expensive as building a new house.
In addition, no matter how much planning you have, the costs to reform a house can also skyrocket due to unforeseen problems that arise during the work; That is why it is essential to request a quote for everything before making a decision.
2. The age of the house
If you’ve recently been looking at old houses to renovate because you like wooden floors or decorative ceilings, you know that it’s not worth knock down rebuild the house. However, you must be very careful with the state in which the house is, since if it is too old, structural problems can arise and become a real danger.
If, on the other hand, the house is old and has no historical value, knock down rebuild a new one may be the most suitable alternative. Remember that when renovating an old house it still has old characteristics, while when rebuilding it you can achieve more modern finishes, energy certification, etc.
3. The location
While renovating a house is a more notorious practice in cities, the idea of knock down rebuild is more popular in places with scarce land offers, as well as in areas close to the beach, where there is little risk of over-capitalization.
It is also essential to go to the Town Hall of the area where you plan to renovate a house or knock down rebuild to request a new building permit or a construction license and find out about the current legislation. At the Town Hall they will also let you know the number of square meters that you are allowed to build, the maximum height of the building and the meters of space that you must respect in relation to neighboring homes.
4. Your lifestyle
Instead of trying to pull off an unworkable home renovation plan, it may be easier and cheaper to start with a clean slate.
Knock down rebuild will allow you to choose a completely custom layout and suit your needs; while renovating a house limits you to modernizing and adapting only some spaces. However, if you work full time or carry out activities every weekend, you need to ask yourself if you are really prepared to assume the responsibility that a house under construction implies.
5. Your budget
On the other hand, the total cost of building a house from scratch does not fall below 200,000. However, new homes are easier to maintain, less susceptible to termites and more energy efficient, which guarantees you a great investment in the long term by not having to carry out new renovations for a long time.
Before taking a decision
Many people really enjoy the opportunity to be involved in the process of designing and building their own home; while others may find the experience more challenging and are content to have stamped their personality on the renovations.
Before making a decision, it is necessary to evaluate the benefits that leaning towards one option or another will offer you, as well as the inconveniences that may arise. Remember that when preparing the budget you must include, in addition to the price of labor and materials, the costs related to construction, such as fees for permits, the architectural project, tree cutting, high services (electricity , water, gas), deeds, etc. Therefore, you must be very careful not to overcapitalize, that is, not to spend more on renovating a house or knock down rebuild than you would get by selling it.
Very unusual renovations or overly personal features may be very appealing to you, but could have a negative impact on potential buyers by not sharing the same tastes.
In conclusion, between renovating a house or knock down rebuild it from scratch, all you have to do is make the decision that you consider the best according to your tastes, your budget and your needs.