Each of our clients comes to us at different stages of the decision making process in relation to renovation. Some are already decided on exact designs, while others are just beginning to scope ideas.
If you are considering selling your house, a number of factors should determine the value in renovating your home as opposed to buying a new house altogether. These include:
- The length of time you expect to continue living in your current residence
- The expected re-sale value of the house and whether renovation costs will be recovered
- Current market value of similar houses in the surrounding suburb
- The time lapse between the anticipated increase in market rates comparative to the time before moving
It is worth taking the time to complete this research in order to put together a representative picture of re-sale and expected recovery of costs.