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Renovations & Extensions Needed?Builders Ready To Quote |
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To build, or not to build, that is the question. Deciding whether to renovate an existing property, build a new one, or simply purchase a move-in-ready home, is a common dilemma faced by many homeowners.
For some, an emotional attachment to a particular suburb could see them staying put and undertaking renovations to upgrade their current abode, while others may be happy to pick up their lives and start from scratch somewhere new.
Anecdotal evidence suggests the cost of renovating can be up to 50% more than the price of a knockdown re-build. Given these large discrepancies if you decided your abode is in need of an upgrade it's important to do your research.
For major renovations, labour generally makes up 1/3 of the total cost so it’s essential to obtain a variety of quotes to ensure you're getting a competitive price.
Renovation needed? Get a range of renovation quotes now.
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Most people think about doing renovations and extensions without considering whether the money is worth spending on the project in the long term. Architect Nilesh Minot discusses the cost vs. the benefits.