Last week I was talking to some potential clients for our company and I was interested in hearing about the costs they were looking at for an extension of their existing home.
They had been quoted by several leading Melbourne building companies specializing in extensions and the estimates ranged between $390 - $460k. The scope of the works is as follows:
Ground floor required several walls to be demolished and the inclusion of some steel work the brief also included a new kitchen.
Addition of a staircase with new plastering and paint work throughout.
The construction of a second level comprising of 3 bedrooms including 2 bathrooms and a living area.
The time allowed for the project from the building permit being approved was 12 months till completion.
We discussed the possibility of doing a knockdown new build on the site and we did a preliminary inspection of the site and came up with the following figures.
Demolition of existing home the custom design of the home that would suit the client and construction of the new 31 square home worked out around $380k.
The main difference was not just the price it was the fact that the clients could have the home design they really wanted with no compromises due to existing works.
Other major factors were the home was brand new with warranties and substantially more sustainable with being more environmentally friendly.
By using the vast array new products available on the new build we are able to create stunning results and a home worthy of any street scape.