Renovation projects require lengthy, careful investigation and design to avoid unnecessary costs and problems arising. Restorations, renovations, relocations, removals and raises, or as we call them, the five ‘R’s, each have specific design and planning standards that must be considered.
Application requirements can be expensive and difficult for applicants to understand, but with extensive involvement in the renovation projects, we can advise you of the difficulties and hidden expenses that may occur.
As a result, you can evaluate your project’s needs and its cost-effectiveness without overvaluing your property. Some considerations that may need to be assessed include:
- The decision to renovate or extend which can be affected by the real estate market. If property sales are active and purchase prices high, renovations may be the best option, but if the market is depressed, selling and resettlement could be the answer.
- New energy efficiency and other code requirements. When applied, they can overvalue the intention of the project.
- New soil classifications, revised flood level and upgraded energy efficiency code requirements which could make renovations and raises economically unviable, affecting resale values.