This past year Sydney saw a huge increase in renovations, as well as home demolitions and rebuilds.
In 2016 there was almost $8.5 billion spent on home alterations throughout NSW.
Much of this rebuilding has been occurring in Sydney suburbs such as Manly, Pymble and Turramurra where there aren’t many original homes still standing.
Western Sydney suburbs such as Parramatta are also starting to see signs of this trend, as the city centre is seeing a revitalisation, making the area a more desirable place to live.
Often new home owners decide to go down the knock down/rebuild route when they discover it will actually cost less than renovating.
Many of the old, unattractive homes from the 1970s have had little done to them over the years and need a lot of work.
Meanwhile, building new homes is becoming more affordable, and local councils are granting development approvals more readily.
If you’re looking at buying a house and are unsure if renovating is feasible or if a knockdown is the best solution, a building and pest inspection can help shed some light on the subject.
A thorough building report put together by an experienced inspector will let you know what condition the home is in, and what major work (if any) is necessary.
This will let you know if your renovation plans are entirely aesthetic, or if you’ll need to spend money on more extensive repairs.