A well-designed renovation can turn your tired, outdated home into a work of art. But the decision to renovate can be a challenging one.
Building a brand new home can be less expensive and easier than renovating, so how do you decide if it’s worth the time, inconvenience, and expense to renovate your existing home?
Many people who choose to renovate simply love where they live. A well-loved home can be hard to let go of – this is the place where you have made many memories, watched your kids grow, and enjoyed happy times. For these people, their attachment to their home will inform their decision to renovate and will justify the expense and effort.
Some things you need to consider when deciding on a renovation are –
Beware over-capitalisation: Will the new design add value to your property?
Your renovation needs to give your existing home a facelift, bring it up to date, and add architectural flair. A piecemeal makeover will probably disappoint. The science of renovation is to achieve a stunning result without overcapitalising. It’s all about choosing design elements that add value to your property, expenses that can be recouped if you sell in the future.
What is the cheapest and most effective option?
Many people think that undertaking a major renovation is less expensive than building from scratch. In some cases it is. In some cases it isn’t … especially when you consider the renovated home’s future valuation compared with a new architecturally designed home. If you’re not sure what the answer is, seek expert advice. Shadforth Lythgo will go through your ideas with a fine-tooth comb and help you decide which changes will offer value for money. We’ll walk you through the contingencies and provide you with cost estimates based on what you want to do.
Hidden Cost Surprises
With older homes, hidden surprises sometimes surface that can add to the cost and time involved with renovating. These hidden surprises – things like leaking roofs, water damage, ineffective plumbing or wiring – are often impossible to locate until the building work commences. When we consult on a renovation we make it a practice to inform clients of the potential hidden surprises we could find and how that could affect the budget.
At Shadforth Lythgo, we build award-winning renovations. We can either design and build your renovation for you or build from the architectural plans you’ve had drawn up.
To find out more about how we can create a renovation masterpiece for you, call us on 07 5493 9757. We’d love to discuss your ideas.