So your current home isn’t looking too shabby but you've decided that you don't want to move location. If this is the case, you may be thinking about whether the best option is to knock-down the whole house and start from scratch or whether it's worth giving it a bit of a reno makeover. Our advice? Let's just say this definitely isn't a black or white answer and that there are many things to consider relative to your budget, time and attitude.
We always believe that a pro's and con's list is the way to go when making big decisions like this, however you're probably wondering what kind of things you should include in your list. To make this easier, we've included some key points for you to think over and deliberate what might be the best option for you when considering to renovate or rebuild.
How's your site looking?
Before you make any decisions, the first step you will need to take is confirming whether you can actually knock-down or renovate your house on your property. If your site is situated on a flat block of land and the soil quality is looking good, then you may be able to get away with both options. Alternatively, if your block is sloped and in a complicated location then this may cause some problems for you. Some locations may have heritage protection regulations and there may be legalities that prevent you from demolishing and rebuilding on your land. Speak to a site advisor to get your answer. Only then, you can weigh out your options.
How much responsibility do you want?
One of the main things you should consider when impending changes is whether you are willing to deal with all the trades independently or whether you would prefer to put the responsibility into someone else's hands (such as a home-building company). Renovating your home gives you the platform to take control and execute every step of the process on your own terms. Although this may be ideal for some people, for others the thought of knocking down the house and allowing a company to take hold of the building journey may seem like a much more viable option.
What are your design plans?
This may very well be one of the leading factors that determine your choice. Renovations are fantastic if you are satisfied with the layout of your home and want to keep some of its pre-existing features. If the home is of sentimental value to you, then it may be best for you to work around it and renovate certain spots that need fixing. Alternatively, if the house you are currently living in has no redeeming qualities and you are wanting a fresh, clean slate, then knocking down the house will give you the freedom to construct whichever design you want over your land. Have a think about this.
What's your budget?
To put it bluntly, renovations are cheaper than rebuilding a property in its entirety, however many people find that the measure of renovating tends to exceed the cost of knocking-down and rebuilding. It's common for the renovation to come with more complications, relative structural problems and hidden costs, however, the site costs for knocking-down your property may be pricier if your land is a little more complicated. To get a clearer idea about this, do your research and fish out some quotes from site inspectors.
How much time do you have?
It’s worth noting that this point is obviously relative to your renovation plans, however, the average duration for home renovation takes between 4-8 months. Alternatively, to knock down and rebuild your property, this would generally take around 8-12 months. It’s also important to consider that unlike renovations, you won’t be able to live in your home during the rebuilding process and will need to find another place to stay during that time.
We know these points leave you with a lot to think about, but big changes require big decisions! Luckily for you, Domaine Homes are here to help you with our team of experienced professionals. To gain some more insight and advice, you can contact us today to get on your way!