Go Design residential drafting services in Penshurst with questions to help you decide if you should renovate or re-build
Do I renovate or do I knock down and rebuild? This is a very common question on the minds of many who are considering upgrading their residence.
Our drafting design servies Sydney say that obvious things like what your budget is, and how much time you have come into play, however our home extension experts in Sydney know there are some bigger issues to consider, and these are the real questions to ask if you’re struggling with this question for your own home.
Is knocking the house down to build a new one even an option in your area?
You may have to check this with your local council as it may not even be an option for you to demolish your existing home and build something new. In some areas, council planning laws prohibit houses of a certain age, or specific historical importance, from being demolished or significantly changed (especially in their appearance to the street).
How big are your renovation requirements?
If you need to significantly expand your home, or make structural changes to the point that there won’t be much existing home left, you need to decide whether a renovation is viable.
What does your real estate valuation show?
Your home is your biggest asset. Our experts in home extensions Peshurst talk to several agents about what your home will be worth now, vs what it would be worth when renovated (as you want to renovate it) and again compare it to the potential sale price of a brand new home. Which option creates more value for you?
Now, what’s the difference between that figure, and what your existing home is worth now? Because that will give you a hint in how to set your budget so you don’t overcapitalise regardless of which option you choose!
Be sure to look at the Go Design news page next week as our residential drafting designers in Penshurst continue with more 'renovate or rebuild' questions.