Home Building Cash Savings Tips
Love your location, but not your home? You don’t need to move to upsize, downsize or modernise
your current address. Whether you choose to renovate or rebuild, read below for some tips to keep
the budget in check when you’re upgrading your humble abode.
If your house has ‘good bones’ renovation is an efficient way to make it over. More cosmetic
upgrades can be achieved by redoing the interiors such as paint, lighting fixtures and flooring. If your
budget doesn’t stretch this far, décor can go a long way in modernising (and hiding) the outdated
aspects of your current home. Some people take this approach by doing one room at a time. By
keeping the mess contained, it means you can stay in your home and avoid the cost of alternative
accommodation. For more substantial renovations – patience is required as it takes longer to get
If there are some structural things to address, renovation can still work, but if everything from
stumps, wiring, roof, plumbing and wet areas are being upgraded and moved, it may be better to
knock down and start again. You might also opt for a partial knock down, such as keeping the front
rooms and redoing the back of the house. A partial rebuild is common among homes whose facades
are heritage listed and must be preserved.
Completely knocking down and rebuilding can also be a great way to avoid the hassle of retrofitting
upgrades or being stuck with outdated features and materials that are costly to remove while
keeping the rest of the building intact.
In terms of layout, you can opt to go either bespoke or pre-designed. Pre-designed homes
constructed by builders in Melbourne
or Sydney are better value for money in today’s expensive real
estate climate. Engaging a company that already has a selection of home designs available is cost
and time effective. Plans are quicker to produce, reducing the time of the building permit process,
and the company will have pre-existing trade agreements, meaning that labour costs can be
contained and more accurately quoted. If you still want to add your own touches, many builders
allow you to make changes and add upgrades to existing plans, for a fee.
Bespoke design is where the sky, or budget, is the limit. While you might hire an architect, a
draftsperson will also be able to produce your plans, but you’ll probably need to have a clearer idea
of what you want from the outset. An architect is an investment in a home that will be purpose built
to your specifications and they’ll work with you to develop interiors and exteriors that suit your
tastes and functional requirements. There is high resale value for well thought-out and stylish homes
that architects build, provided they’re not too out there. To keep costs contained, you may choose
to consult with an architect for only part of your design process, for example, get the layout of the
living area right, or for tips on sustainable building.