How To Find The Right Herne Bay Home Renovation Builder
When people want additional space to live in, they have two choices. The first is to move to a larger house and the second is to add extra living space by way of major house renovations. This article will look at the pros and cons of both options in case you are looking for a Herne Bay home renovation builder.
Renovating a Herne Bay property
There are several advantages to renovating a house that you already own compared to moving to a new home. Below are a few of the main benefits from undertaking a renovation rather than moving to a different home.
You know the home already
If you have lived in a house for a few years, you have probably developed an attachment to it. Perhaps you like the “presence” of the house, maybe the garden suits you and your family, or maybe it has been in your family for a long time. For many families, the familiarity with a house is an important issue.
You can see undeveloped potential in your home
Many people can live I a house for a few years and then suddenly, they might visit another property or see a magazine and think, “Wow, we could do that with our house.” Then you begin to open your eyes to the new possibilities that you could have from renovating a home in Herne Bay.
If you move to another home, you cannot add significant value to that without undertaking a renovation there so you might as well stay where you are and enjoy that increased value in your home.
Create what you want
Once you have realised that your current home could be so much more, then you can start imagine the myriad of renovations to make the house of your dreams. But then, when you bring in a designer or an experienced home renovation builder, they can give you some tips or advice on other renovation ideas you might not have considered.
They will have worked on other houses like yours and can suggest how those ideas would work for you. Alternatively, they will have thoughts on different materials you could use. There are huge advances in new materials, finishes, appliances and many other components that the general public doesn’t usually consider.
If you move, the new house will almost certainly involve compromises of some sort since you will be fitting into an existing shape and space. There is far smaller chance of getting what you actually want with a move than a renovation.
You know the Herne Bay area
This factor can be very important for some families. For example, you might be in a school zone that you want to remain in. The house may be convenient for your commute to work, or you may have close family ties or a strong network of friends that you want to stay near to.
When you move, you will have to try to find new friends which is not an easy task. It can take a long time to find real friends.
Easier to find builder
It is easier to find a builder who can create what you want in a house than it is to go to hundreds of open homes looking at properties that have some of the features you are looking for but lack other key facets of your wish list.
If you have lived in your home for a few years, you may have forgotten the tiring, frustration of trudging around dozens of open homes only to see places that you could never imagine living in for whatever reason. In the current property market, there is also a very strong probability that you will be out-bid by another interested party or you will have to escalate your purchase price.
Cost of renovating versus moving
A major house renovation is not cheap. Fully upgrading an old villa in Herne Bay, installing a new kitchen and bathroom, changing the internal layout, adding a new room, maybe replacing the roof too, this can easily cost a few hundred thousand dollars. However, you can usually add this to your mortgage, and having lived in your home for a few years, you will probably be below the LVR ratio so it should not be a major problem with the bank. Plus, a good renovation, will add a considerable amount to the market value of your house.
However, moving to a different house is very expensive but for different reasons, especially the real estate agent fees if you are selling a house. You might also have some mortgage break fees to pay if you have a fixed-rate mortgage and this can amount to many thousands of dollars. And of course, there will be legal fees. All of those are dead costs which do not produce a return on your expenditure whereas, a major house renovation, while being a big expense, should provide a positive return on investment in the form of a higher valuation for your home.
Remember, the average price of a house in Auckland now is over $1m. While that is nice if you own it, when it comes to buying one, that is a huge expense.
It looks better to renovate than move
From the points above, it looks overall, that it is a better option to renovate a home in Herne Bay rather than move to a completely different place so the next decision is, what building company do you choose?
Finding a Herne Bay renovation builder
Look for a specialist renovation builder
There are plenty of builders around each of which will make a claim as to why they should do the renovation project for you. However, building a brand-new house is a very different task from renovating an older home. Renovations require different skills working within the existing house boundaries.
Another point to consider, especially with the expensive, high standard homes in the Herne Bay area, is that you want the building work to maintain the integrity and elegance of the older home. Most building companies cannot do this adequately. You don’t want a sub-standard job or a finish which is totally out of character with the rest of the suburb.
Make sure the builder has experience or specialises in the type of home you want to renovate. Building types vary greatly and it makes no sense to use a builder specialising in working on ultra-modern homes when you have a timeless villa to renovate.
Get a list of past projects so you can look at what they have done for previous clients. Equally important is experience in the area where you want to renovate. If a builder is familiar with building in your area, they will understand the local requirements and what is acceptable in that area.
Herne Bay home renovations builder video
Check the references of the potential renovation builder. Past customers are an ideal way to determine if they do a good job. Ask if the home was renovated to their specifications and everything is in proper working order. Of course, you also need to see if they completed the job within budget, both time and money.
Ensure that the home builder has been in business for a while with a solid reputation. Also, make sure they are financially sound. You don’t want your home builder going bankrupt mid-project, leaving you with having to find someone to complete the project at a much greater price.
Find out when they will be able to start the project and the estimated time of completion. Renovation jobs can take a long time to complete, especially if the property has been neglected for a while. There is a good chance that there will be hidden issues which an experienced builder can warn you about before you begin the project and finalise the budget.
Get everything in writing including the warranty. Ensure the warranty is comprehensive and will cover all aspects of faulty construction for a period of time. It is rare to see potential issues in a new home within the first few days, so be sure the warranty will cover you for a significant time. If you hire a member of the Master Builders Association, they have a guarantee that protects you and also means that you are hiring a professionally qualified builder.
You will spend a lot of time with the renovation builder you choose, so be sure you are comfortable interacting with them. Does the builder have a good personality? Are they polite?
Building a home can be highly rewarding and a lucrative investment. Taking time to choose the right home renovation builder for your needs will save time and frustration; allowing you to more fully enjoy your new home.
If you are considering a major house renovation, please call me on 021 285 1445 and I will gladly come along and give you some advice on your project.