Are you with a growing family who is living in a small home? Or, for whatever reason, are you feeling that your space is limited and you need more room? What options do you have? Its possible that you may want to move, though according to the state manager NSW of Archicentre, Angus Kell, the average cost of doing so ranges between $50,000 to $80,000 and occasionally could be even more.
If moving is too costly or not an option, there are two others that remain, and numerous factors involved in helping you decide which one to make. You can rebuild, or you could renovate. In considering the choice before you, several issues ought to come into play before you make your decision.
Your first and the primary preference would be to find out that whether your current house has the heritage value in the Sydney or not. Renovations might be a more viable route; rebuilding might not be an actual option at all, and you will should follow strict guidelines if you plan to renovate. If it could be renovated structurally and legally, then you have to consider both cost and your ability to completely finance the job. You also must investigate local planning laws and what your neighbors will or will not allow before proceeding on any renovation plans.
Moreover, before you do anything else, it is important to look into an estimate of your homes worth upon completion. The cost of Sydney home renovations varies on what you plan to do. Archicentres cost guide estimates that it will cost between $164,526 and $310,896 to add an 80 meter ground level extension on an average existing building; whereas, major structural extension work can cost upwards from $300,000 to $400,000.
One more option is to rebuild. Its very significant to think about the locality at the time when youre considering of rebuilding, how a new house would look in your neighborhood, neighbors rights and privacy, and cost. The average cost of a new home as of March, 2010 is around $250,000. Rebuilding is usually a viable option if you know what you want and do not want the long hassle of living with the difficulties and stresses of renovation over many months.
When you rebuild, you know exactly what you are getting, and the opportunity is there to make your new house more sustainable and energy-efficient, a more difficult task to do when adding an extension or undergoing Sydney home renovations. While you choose to rebuild your house then there are certain local laws and even the regional guidelines which you have to keep in mind.