Timber Frame Builders Perth
It seems like a crazy idea that adding to your existing homes structure by a home renovation or home extension can actually cost more than building a brand new home, right?
Some of our customers, when we are initially talking to them about renovating their homes seem suprised when they start to understand the cost to renovate or extend their home.
I am here to give you a little more insight into some of the reasons why it could cost you more to renovate and extend your home than it does to do a full new built home. It is not always the case, however, speaking from experience, as a predominately renovations and home extensions builder in Perth, WA we do come up against this issue from time to time.
In some rare cases where the homes existing structure is not structurally sound we actually recommend a full demolition and new build as it is not worth the money you will spend to make the existing home structurally sound again and ready for a new home extension.
There are so many reasons why you should renovate instead of demolition but that’s not what we are here to discuss....
So let’s get into the reasons why a home renovation and/or home extension could cost more than a new build home...
Demolition of Existing
This is quite a big reason, possibly the most expensive reason.
In most home renovations and extensions there is always some form of demolition that needs to be done before commencing works on the new renovations. Or adding a home addition on to the existing home.
The demolition work can cost anywhere from a couple of hundred dollars up to twenty thousand dollars depending on what needs to be removed. If there is asbestos that needs removing this makes the price jump up quite a bit, as you would imagine.
On the other hand when you are building a brand new home you have a blank canvas to work with from slab down up to roof.
While demolition work is being performed the builder could come across some unknown surprises, for example, finding asbestos in the walls or ceiling that was not obvious before construction works began.
One very common issue we come up against is finding timber stud work that has eroded or rotted and is no longer structurally sound this then creating an added expense for the carpentry work involved in re doing the timber frame stud work.
You can not price for what is behind a plaster wall or under flooring. Unknown surprises are exactly that- unknown!
Avoiding these can be hard in a home renovation or home extension. Generally the older the home, in our experience, the more you need to be mindful of the unexpected budget blowouts.
In a lot of home renovations and home extensions the owner will try to match their existing materials to the new materials in some areas. Such as a jarrah floor boards.
Unfortunately as time goes on suppliers will change their shape and size of such floor boards and finding the same boards from 60 odd years ago can be an expensive task.
Also when trying to tie in the old home with the new home in a home extension most home owners will try to use similar fixtures and fittings to pay homage to the era of the existing home. This can cause an increase in the price as the more specific you are with the choice of fixtures and fittings, generally the more expensive they can be.
Trades Price The Unexpected
When doing a renovation a lot of trades will price the "unexpected" into their price for a renovation by way of a small increase in their standard cost. This not only due to the unknown as noted above but also due to renovation work being a little harder than a new build, namely for electricians and plumbers when they are chasing pipes and wires through old walls.
When considering the reasons why a home renovation and home extension may be more expensive to build than a new built home it generally comes down to the unknown surprises you may find while demolition takes place. As well as the actual cost of demolition, which is not usually the case for a new build. The other potential price rises could be due to the selection of materials and fixtures and fittings and trades increasing price due to the nature of the work.
However, when considering the above be mindful that when you are renovating or extending your existing home you are adding on to an already established home with timeless features and character and therefore you will be creating a truely unique home that has been tailored to suit your family and your lifestyle.
Distinct Renovations love helping families and couples renovate their homes in Perth Western Australia to become a fully functioning home suited to their lifestyle.
If you are thinking of renovating or extending your home and want to know more please feel free to contact us and tell us more about your home renovation project. We will be happy to help!
Timber Frame Builders Perth