We've been spending a little too much time in our homes recently, haven't we? Has it always been this old school, tiny and boring? Don't you think it's time for a home renovation?
There are several ways you can go about with home renovations; one option would be improving what you already have or adding a little more home to your home.
Confused? Don't be. We're talking about adding a second storey extension.
A second storey extension is a perfect home renovation route to alleviate, pun intended, your home to create something new while still retaining its old charm.
While this sounds incredible, one must wonder, 'how much will a second story extension cost me?' There is no definitive answer to this question without actually having your some inspected and studied with that intent by an experienced home renovation company. The company usually sends their architect to gauge the required details to provide an estimated home renovation cost. This initial service is generally free of charge.
Is This Route To Home Renovation Costlier?
Most home renovation companies that specialise in second story extensions showcase their previous projects along with their cost categories on their websites. These can be an initial point of guidance to see if it suits your visual and budgetary requirements. The budget ranges from up to $350,000 to $750,000 or more. The cost differs as per the varying sizes, the material used, the finish selected, the chosen design, and any customisation requirements of the client.
Yes, it's a considerable investment, but it's often a cost-effective one as well. If we break it down, an average second storey extension cost per square is between $1850 and $3300. Add-on expenses depend on whether or not you'll need to get your wiring or plumbing reworked if you are building a new roof or reusing your old one, the varying labour charges in different areas, and other such fringe factors. Despite all this, this is still a less costly approach than buying a new property if you need more space.
Another aspect to consider is when you hire a reputed quality home renovation company. Their designers create a concept design for your home, keeping in mind your requirements and budget. The cost of this ranges from $1,000 to $2,5000. In hindsight, this second storey extension equipped you with more living space, a better view and increased the value of your home from a real estate point of view.
To avoid incurring unexpected costs, pay attention to every detail being spoken about before you agree on anything. Ask for a thousand explanations until you are convinced with the second story renovation cost. If it helps to settle your confusion, get confirmation by consulting other builders. Stay within and in control of your predetermined budget. It is advisable to know precisely what you are paying for before you sign on the dotted line. Telltale Signs that you've got yourselves a good builder are when they can give you a fixed-price contract, with the only exception being for PC items such as bathroom fixtures and Provisional sums for significant works.
Things You Should Know:
Adding a second storey extension costs quite a bit and requires a skilled professional from a reputed home renovation company. However, before you hire one, there are specific details you should know and do at your end.
1. Research and gather intel on the kinds of designs and the ones you would want beforehand. It doesn't have to be set in stone, but you should know what you're getting yourself into.
2. While the company might have its measure to ensure legality, learn about all the regulations, guidelines, permissions and permits that you might require for the second story extension to avoid problems later on during construction.
3. Procure quotes and design consultancies from other contractors to understand the market value and ensure that you've got the best deal out there.
4. Get insurance to cover any contingency damages that could occur at the time of construction if you don't already have one.
5. Check and double-check your budget. Keep track of the expenses and plan for any unexpected costs that might incur.
6. If you are not happy with any aspect of the construction, let the contractor know immediately to fix the error on the spot. That is to ensure that no expenses are made in the future to correct any such mistake since that will be costlier.
7. Always conduct a final inspection to see if everything's in order before you are finally handed over the keys.
The following is everything that you need to know about home renovation costs and approaches. So, what's the verdict? Have the positives retracted the one negative, i.e. the second storey extension costs, for you?
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