Deciding whether to undertake a complete relocation or a home renovation is a huge decision and requires a thorough evaluation of your situation and expectations. With family dynamics and life circumstances constantly changing, there are many factors to consider when deciding to move or improve.
Many renovations are not always as simple as initially predicted and many building projects require a certain level of knowledge that only a master builder or trade contractor will have, so ensure your building requirements are met by investing in qualified team of builders who will save you time and money in the long run.
Miniter specialise in custom home designs, creating detailed specs and drawings based on your specific requirements. We support you throughout the entire process, from design to delivery and are open to a collaborative effort where we listen to your ideas and incorporate them into your designs. Whether it is a new build or an existing renewal, our modern technology, proven designs and wealth of experience will ensure the success of your project.
Deciding to Move
There are a myriad of reasons why you might choose to build a new home, rather than buy an existing property.
#1 Bespoke Design
When building from scratch, you can custom design your home, specifically to meet your family and lifestyle needs.
#2 Energy efficiency
New homes must meet a standard level efficiency rating, which in some cases will result in a reduction of your energy consumption and could lower your overall cost of living.
#3 Pay less stamp duty
Stamp duty is a significant sum and when you decide to build new – you only pay stamp duty on the cost of the land, not on the cost of the build. Should you buy an established property, stamp duty is payable on the whole amount.
#4 Less maintenance
New homes require less ongoing maintenance than older, established homes.
You have the peace of mind that your home is covered by the home warranty insurance scheme for six years and six months, covering structural defects.
If you have chosen to move and build a new home, you need to ensure that the area you settle for has the necessary conveniences that you want and need including schools and transport options which often play a big role in deciding where to move to. You should also consider that newer estates generally have smaller lot sizes than some older, more established areas.
Once you’ve found a property that meets your expectations and lifestyle requirements, the next step is to do some initial planning for your new home, with serious considerations around design, building and project management.
Deciding to Renew or Renovate
There are many great reasons why you might choose to renovate an existing property:
#1 Cost Cutting
If you decide to stay in your current home and renovate, there are some serious savings in the form of; no stamp duty, legal fees, real estate agent’s commission, marketing or removalist fees. Choosing to renovate means you won’t have to hunt for land and it will save you money on the cost of the land too.
#2 Value of Improvement
Provided your renovations are conducted in a professional manner and within budget, renovating your home should add more value.
Renovating is an ideal option for those who are better serviced by a particular and conveniences like your home being close to work, school, family and friends or transport and shops.
#4 No need to find a block of land
If you decide to build, you will have to first find a block of land, which may be in a newer, less established suburb.
If you decide to embark on a home renovation project, it is imperative to engage a qualified building designer or architect to oversee the process as a good designer will work with you to ensure your renovation or addition is not only functional but stylish.
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