Houzz Logo Print
webuser_366542336

Renovate or rebuild?

AussieDream
5 years ago
Hi Houzz community,

We purchased an approx 100 yr old Californian bungalow in as a family home in a Southern Australia. We acquired the property with the knowledge that whilst currently livable, it would require substantial rennovations to make the property meet modern convinences for a family.

Upon further inspection by a third party the cost of the rennovations may be quite significant. Although we wish to "just" extend the rear of the property (addition of a living, lounge and a replacement kitchen) we'll be hit with additional costs to perform work on the existing structure to meet current regulatory requirements (eg electrical, insulation etc).

Our dilemma is the figuring out a way forward - whilst we'd love to retain the facade and character of the property, based on the rough cost estimate and unknowns we have been considering that it might be cheaper (and less risky) to rebuild. We've looked at a range of rebuild options, display homes from volume builders to semi-custom builds whilst working with a limited budget.

Any advice or lessons learnt would be very welcome and appreciated.

Comments (12)