Do we renovate or rebuild?
Our initial plan was to renovate the house, adding ~100sqm (master bedroom and ensuite, study, family room and new kitchen).
To get a builders ‘ballpark quote’ we did the following:
- Found a builder with a good reputation (searched the BSA website, and asked those that have built in our suburb for references)
- Engaged a draftsman to draw up concept plans for the renovation ($1,800)
- Had a Site Survey done ($3,600)
The renovation quote was a massive shock!
We were thinking maybe $3k * 100sqm = $300k. The quote was nowhere near that!
We contacted a few other builders and found all the estimates to be too high to justify a renovation.
With a renovation we would still essentially have 50% of an old house. Demolishing and rebuilding would cost less, allow us to tailor the layout to our needs, result in a greener end product that would cost less to maintain and run.
Hence, the decision to explore the knock down and rebuild option was an easy one in the end.
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