Let’s Get Renovating | Smith & Sons Renovation
Renovating can be an exciting, rewarding part of life and can have a massive positive and lasting impact on a home when done well. Read on to find out how to create a seamless renovation experience with Smith & Sons Renovation.
The renovation process is a time where you are free to express imagination and personality as you plan for a space that is as unique as you are, and that will suit your lifestyle perfectly. This is your time to explore and create what you want in ways you can only dream of.
Sound good? The thing to remember is that the successful completion of a major project like a home renovation hinges on great preparation and flawless execution. Smith & Sons Renovation have made renovations sound like an amazing experience so far; however, you will most likely have heard the nightmare stories as well—poor workmanship, blown-out budgets and renovations dragging on for months. The reality is that either the preparation or execution was flawed, and this caused a myriad of issues which ended in disaster.
Why Renovating is a Great Option
There are so many different reasons for renovating but they usually boil down to updating the home or property to suit your current lifestyle, or just making an older home look great again. Whatever your motivation for renovating, you may have considered other ways of achieving what you want in a home. Let’s cover these options now.
Option 1 – Moving House
This is often the first option that enters peoples’ minds, ‘We need more room, the house is getting old, why don’t we just move?’ If you dig a little deeper you’ll see that this is not necessarily the best decision.
The most important thing to most people is a sense of community and connection; uprooting your family can have a huge impact on this. Generally, over the years, families build up a large network of friends and connections in their street, their school, their local sporting clubs, local charities and more. Moving away from your local area can have a huge impact on this connection and it often takes a long time to rebuild what you’ve lost.
Plus, if you are already in a highly sought after area you’ve already done the hard yards and your current home is appreciating in value. In looking for a home that suits your current needs (size, layout, contemporary style) you may find that you need to compromise on location.
The second issue is cost. With sales commissions, stamp-duty on the sale, plus a marketing budget well into the thousands of dollars, the costs just to move house quickly stack up. And all this is on a standard suburban home; as the value of the home goes up, so do the fees. In addition, you may well need to spend a significant amount to bring the new house up to scratch—it might even need renovating.
Could the money you would outlay to sell and then to find, purchase and remodel your new house be better spent on your current home where you remain in your local community and close to friends?
Option 2 – Knock-Down Rebuild
For those who haven’t heard the term knock-down rebuild in a building sense, it is pretty self-explanatory. Instead of renovating the existing home, the whole structure is knocked down, taken away in trucks, and a ground-up build is undertaken—essentially it means building a brand-new home on your existing block.
You need to really consider what you want from your home renovation before you look at going down this path. If you just want some cosmetic changes and a few walls moved, or you’re only looking at improving a bathroom or kitchen, a knock-down rebuild would be total overkill.
A knock-down rebuild can have substantial up-front costs considering that you are virtually starting from scratch. Some costs can include, but are certainly not limited to, landscaping, drainage, retaining walls, fencing, and driveways along with the unforeseen and emotional costs of moving out of your home for an unspecified (but likely quite long) period of time.
A knock-down generally does not make sense when many families just require extra bedrooms, a new bathroom, and additional living space. There are times, however, when this can be the best option due to the massive amount of work that needs to be done to the present structure based on its age, current state, or the building materials originally used.
Renovations Increase the Value of a Home
While the location and size of your house will influence how much your property is worth, there are plenty of things you can do to increase its value.
It’s a known fact that home renovation increases the value of a property and, therefore, it’s a tool often used by homeowners and investors alike. Whether the upgrades are solely for personal reasons of improving lifestyle, or are undertaken to provide a major facelift before putting the home up for sale, renovations can do wonders for a home’s value (when they’re done right).
According to realestate.com.au, a well-planned renovation can add up to 10 percent to the value of your home, particularly if you have the property for over five years.
To find out more about Smith & Sons Renovation click here.