Move, or renovate? House Extension Melbourne

How do you know when to move or when to renovate your home? If the place where you are living currently is practical and you intend to spend the next 5-10 years there, then going for renovating would be the best option for you.

The Australian Bureau of Statistics reported that Aussie renovators spent $12.3 billion on home renovations in 2021 - up 33% on 2020 and almost double what was spent a decade ago! Here are some top tips for renovating in the current economic climate…

When it comes to renovating, it hasn't been smooth sailing. Throw a global pandemic, political and economic uncertainty and the rising cost of construction in the mix, and well. Its a lot! So how can I be sure it is the right time to do a home renovation in Melbourne?

An alternative to renovating is moving house, but when you factor in taxes and agents’ fees, it often makes more sense to renovate than relocate. So, let’s take a look at our top tips for renovating your home and how to move forward with your project in this climate.

FLEXIBILITY

Be prepared to adjust your timeframe, budget and expectations to align with the very real rising costs of construction in Australia.

REALITY CHECK

Get busy with those budgeting spreadsheets, and make sure you’re well versed in what you can borrow and what you can spend. Remember to leave a buffer for any unexpected bumps on the road!

COMMUNICATION

Keep a productive open flow of communication from client to architect to builder to ensure everyone is on the same page.

BE PATIENT

Supply chain issues are becoming more common lately, so ensure you update your project timeline accordingly to allow for any delays.

ASK A PRO

…and if you’re feeling stuck, reach out! We offer 1:1 30-min design review sessions where we can dig into some cost saving ideas and hash out your plans for a house extension melbourne to ensure you get the best outcome for your home renovation in melbourne!

Formery Architects
Melbourne Architect

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Disclaimer: All content on this website is provided by Formery for reference purposes and as general guidance. It does not take into account specific circumstances and should not be relied on in that way. It is not legal, financial, insurance, or other advice and you should seek independent verification or advice before relying on this content in circumstances where loss or damage may result.