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. The Renovation 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 If your budget doesn’t stretch this far, décor can go a long way in modernising (and hiding) the outdated aspects of your current home.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 things done! 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knocking down and rebuilding can also be a great way to avoid the hassle of retrofitting upgrades or being stuck with outdated features and materials that are costly to remove while keeping the rest of the building intact.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.