Single Storey Homes Perth - Renovate or Build

So the kids have moved out of home now and the family’s single storey home Perth is looking old and tired, plus there are now too many rooms left unoccupied and unloved. You have lived in the same home for 20 years and the thought of moving to a new home terrifies you, but you feel overwhelmed with living in such a large home which is suddenly very quiet, empty and lonely. As you rapidly approach your retirement years, the time has come for you to decide if the family home can provide everything you need for old age or should you consider the alternatives?

This is a question that plagues many homeowners, not just upon approaching retirement but at varying times in our lives consistent with significant life-changing events such as planning for children, empty-nesting, times of financial difficulties and so on: Should I renovate my existing home or should I build a new home? There are so many factors to consider in answering this question.

A large number of Single Storey Home Builders Perth also undertake renovation jobs in addition to building houses; seeking advice from experienced and qualified builders is a logical step in balancing the pros and cons in your decision making process. Below is an outline of arguments for and against both options.

RENOVATING PROS:

·         Easy renovation work can save you a lot of money and time
·         Getting involved in your own renovations is empowering and you feel a sense of accomplishment
·         You retain your same block of land and community connections
·         You can renovate at your own pace or in stages

RENOVATING CONS:

·         Making structural changes can become extremely expensive
·         Once you renovate one part of the home, you may feel it is necessary to keep going on other sections which cause the renovation costs to go through the roof
·         If demolishing part of the existing home, you will need to check that building regulations still allow the home to be positioned in the same place
·         DIY renovations need to fit in around your lifestyle which can delay the project completion
·         Renovations may seem simple and inexpensive until you come across hidden problems which could end up costing a lot more than planned

BUILD NEW PROS:

·         You get to start from scratch and include everything you’ve always wanted into your new home including energy efficient appliances and construction materials to reduce ongoing energy costs
·         New home equates to a fresh start – new suburb/community, new lifestyle, perhaps new job
·         You can choose a completely different floor plan& incorporate new interior décor
·         Resale of a new home is more promising/profitable than selling a renovated, old home
·         You can ask your Perth Single Storey Home Builders for a fixed price contract (this is something you can’t do with renovations)
·         Take advantage of new technology such as home security, sustainable products and smart wiring

BUILD NEW CONS:

·         Building a new house requires a larger sum of money or taking out a new loan
·         You will need to find a suitable block of land to build on, or alternatively demolish your existing home and rebuild which doesn’t come cheap
·         Paying rent as well as your mortgage while building can put you under great financial pressure
·         The process of building a house can be very stressful and can take over a year to complete