When compared to renovations, new builds are less complicated to design, get consent for and build.
In contrast, a renovation requires you to incorporate new building systems into an existing building.
With a new build, you’re essentially starting with a blank canvas and there’s a clear methodology for construction. A new build is also unlikely to need as many variations, as long as your plans are clear and well thought through. But renovations typically require numerous variations, largely because of the many assumptions made at the design stage.
Neither you nor the designer can see into the walls to ascertain whether there are any structural issues, and houses are quite often built very differently than what is shown on the council-supplied plans. So assumptions have to be made, but those assumptions inevitably lead to redesign and variations that can quickly add tens of thousands of dollars to the build cost and slow down construction considerably.
Renovations cost more per sqm than a new build. With a new build, the square metre rate is significantly less for various reasons, some of these include:
Renovations cost more per sqm than a new build.
New builds mean less compromise or none (if your budget can handle it). You’re starting with a blank canvas on a new build and can more or less have as much as your budget, your imagination and your designer’s style can desire. The only restrictions really come from the building code and the council’s regulations. As long as these are adhered to, the sky’s pretty much the limit.
Renovations, on the other hand, come with a mass of complications for you and your designer before you even start. You have to work around an existing footprint and layout unless you want to gut the entire house, and even doing that you’ll be compromising in order to salvage some of the building.
Renovating v Rebuild: A Summary.
Renovations definitely have their place in our industry, but we’re seeing the cost per sqm increase to a point where it just doesn’t make sense to do renovations on a large scale. Sure renovating a kitchen, bathroom or small extension makes sense, but to gut an entire house or fully renovate one and add an extension simply doesn’t work financially anymore, and you’ll still be compromising with a home that isn’t quite right.
So why not build from scratch and get exactly what you want?