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? It's possible that you may want to move, although according to the state manager NSW of Archicentre, Angus Kell, the average cost of doing so ranges between $50,000 to $80,000 and at times can be much more.
There are various options which are still present and helps you to decide which one to go for, when moving is too expensive or not an option at all. You can rebuild, or you could renovate. In considering the choice before you, several issues should come into play before you make your decision.
In the first place, you would have to consider whether your current house has heritage value in Sydney. Renovations may be a more feasible route; rebuilding might not be an actual option at all, and you will need to follow strict guidelines if you plan to renovate. If it can be renovated structurally and legally, then you want to consider both cost and your ability to completely finance the job. You also have to investigate local planning laws and what your neighbor's will or will not allow before proceeding on any renovation plans.
Moreover, before you do anything else, it is important to consider an estimate of your home's worth upon completion. The cost of Sydney home renovations depends on what you plan to do. Archicentre's cost guide estimates that it would cost between $164,526 and $310,896 to add an 80 meter ground level extension on an average existing building; while, major structural extension work could cost upwards from $300,000 to $400,000.
One more option is to rebuild. It is very vital to think about the locality at the time when you're considering of rebuilding, how a new house would look in your neighborhood, neighbor's rights and even 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 several 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. There are local laws and regional guidelines to keep in mind when you choose to rebuild your home.
Author Resource:-
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