I’m interested in some general advice.
We want to add a second story and pretty much redesign the first floor. Only the 4 outside walls would potentially stay. 5 bedroom house about 330sq mtrs if we do everything which includes 7x8 garage.
I’m getting conflicting price points and wanted to see whether to renovate or simply knock down and start over.
We are looking at medium finish and the volume builders for total rebuild are about $1350-1500/ sq mtr and custom builders to Renovate are $2100-2300/ sq mtr.
We are on a flat block. But the price difference is massive.
Are we better off just doing a demo and starting from scratch with a volume builder whose plan we like?
Am I missing something here? I know volume builders take 5-6 months longer, but it’s a difference of potential $150,000 to renovate vs start over.
Are there substantially more costs associated with a new build?
Thanks everyone!