Maybe you feel the space is insufficient. Or perhaps, the area is enough, but discern some boringness in it. It’s a general feeling when you’ve growing families or living in space for the longest time. In such cases, many households think about moving to a different house. Not to mention, several expenses, like stamp duty and moving fees, can knock down your motivation.
To save those costliest expenses, you should weigh up between renovating your existing home and constructing it from scratch. Several home renovation builders in Melbourne can lay their hands on your decision.
However, to help you make an informed decision, we have compiled a list of deciding factors.
- Put Your Wishes All Together
To prepare yourself for the change, first, you should create your wish list. The same implies for a house renovation. Include your wishes, wants and ideas in that list. And categorize them based on your priorities. For instance, you must have a home office, but you can stay without renovating your room. This is a brilliant move to envision your cost and fulfill your needs. Also, you’ll be able to curb unwanted expenses down the line.
- Know What The Existing Structure Supports
Well, not every home can hold up the second storey or knock down of walls. Some require new pillars to support them. Therefore, ensure that your existing structure’s capacity while making a decision. You can also take the help of a renovation company in Melbourne to make an informed decision.
- Do Your Calculations
Cost is one of the most highlighted aspects of the construction project. We all desire to reap the best out of least money. When it comes to weighing up between renovating the home or building from scratch, the decision often tumbles down to the budget.
So, let’s get into the details:
- Renovation Cost
Repurposing your home means upgrading them to suit your needs. You’ll be liable to take approvals from your local council about health and safety. Depending on the health of different rooms, you need to renovate those portions. And such renovations costs are way lower than new constructions.
However, not all houses will go through the same thing. Most old houses may bear more costs for the renovation than building it from scratch. Plus, renovations can call for several unexpected constructions that could likely add to your expenses. Take, for example, asbestos or any toxic materials removal.
But if you’re only planning to give a new look to your structure constructed a few years ago, then the project would be economical.
- New Construction Cost
To numerous house owners, simply thinking about knocking down the whole structure to build a new one seems costly. In such scenarios, you’ll have several duties on your shoulder. From site work to installations of utilities to approvals to construction, you’ll be responsible for everything.
On that account, new construction is more likely complex, includes more manpower and materials. That means an expensive option. Also read here to know reasons for hiring demolition contractor.
- Understand The Duration Of The Project
Duration depends upon the framework of your project. Additionally, the existing structure’s condition play a major role in it.
Let’s get into the details:
- Renovation Duration
House renovation in Melbourne or anywhere is quite quicker than new construction. The reason behind that is you’re not starting from scratch. That being said, it’s not the case with every home renovation project. If you’re upgrading your old traditional house or some harmful elements need to be mitigated, the duration may go longer than the new construction.
- New Construction Duration
This is a no-brainer that new construction’s duration is often longer than the renovation. As mentioned earlier, you are involved in approvals, carving the foundation, looking for utilities and so on. Building from the ground requires a large amount of time.
To Sum It Up…
The decision majorly depends on the scope of your project. It gives a new direction to your project. All you need to see is which caters to your exact needs and goals. If rejuvenating the look is what you desire, then renovation would be an ideal project. In that case, a home renovation builder in Melbourne will be your ray of hope.
However, if you can fulfill your needs with new construction, then go ahead with it. But this will make a great impact on your schedule and budget. Whatever the case may be, determine the path that you feel is right for you!
