Wednesday, June 15, 2011

To Build or Not To Build

Should we build or should we renovate? That was an easy question for us to answer.

We want to build. We want to build a double-storey home, with at least 3 double bedrooms, with ensuite on masters bedroom, walk-in robes, additional toilet/bathroom, a powder room downstairs, a big kitchen, with a sizeable pantry and enough cupboard space to store all the stuff, pots, pans, gadgets, etc, a family room, open plan, maybe a guest bedroom/study, a double lockup garage with internal access, an entertainment area at the back, maybe with some decking, some backyard space, to put a cubby house, play area, and so forth and so on. Yes, we want to build.

Did we consider renovating, though? Not considerably. But we did ask a builder (not a volume builder), who came highly recommended by a friend, to come and have a quick look on what our options are.  So, given what we wanted for a home, our friendly builder reckons it will cost us, at the minimum, $350K to renovate ...

dead silence ...

Right.  Any references?  "Yes, we renovated mainly in Glen Iris, Malvern, Hawthorn, ... " ... "and $350K is just the basic cost, additional cost for more quality fittings ... ".

Right. Thanks for coming, my wife and I will discuss this, and we'll get back to you on our decision. Have a good day now ...

Yes, we want to build. Have we said that thrice?

Oh! Did we ask how much it will cost us if we get our friend's builder to build our new home, instead?

Yes, we did.  It did take him a number of weeks to come back to us with a quote. Have to be precise with this serious matter, you know. And trust us, you don't want to know.

In fairness to our friend's builder, their company have won a number of HIA and MBAV awards, mainly as a renovator.  And based on their gallery on their website, they do quality renovations and build. We just can't afford it.

Let's start looking at display homes, shall we?

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