Property Things to Keep In Mind When Remodelling Your House July 17, 2018/ By:Gladys Elkin/ No Comments Do you want to add a new and large extension to your old house or maybe you are thinking about remodelling your interior to make your house into an open plan one? Either way, whenever you think about large-scale alterations that can be carried out in your home it might not be your very first consideration to actually break off the house that is there and build it completely again. But when you think about this from an architectural point of view, this method might actually make a lot more sense and would also be more productive. Here are some of the factors that you should be thinking about when you feel like you need to remodel your house. How Much Will The Rebuilding Cost? If you need to consider the logistics of the construction you will always need to speak with an architect first, especially if you want to make a rather large change in the house. In this case, you should also look for experts in knock down rebuild homes in Melbourne so that you can actually get the right estimates on the cost of both the demolition and the amount that you have to spend on building it again. If these costs add up to something that is at least a 30 percent lower than what you would have spent on a different method, this way is actually more worth it. You will definitely make a lot of savings on the amount of VAT that you have to pay this way and you will also have a lot more creative liberty when it comes to designing and styling your house in the way that you want. As a part of your calculations, you should also think about the amount that you paid for the original house and the value that would be there possibly once this new project has been completed as well. How Can You Maximize On The Financial Gains? You will need the help of experts here too in order to make sure that you are gaining the best financial benefits that you can out of this setup. For example, you will have to carry out compiling detailed cost lists to calculate and see if you are better profited through simply renovating your house or whether building it from scratch would be the better way to go. Sometimes, trying to work around something that is still standing and trying to not damage certain parts of it can be more challenging, time-consuming and costly too. You should even take into consideration the fact that usually there will be VAT charges on something that you are constructing from scratch as opposed to renovating unless the regulations are different to the country or state that you are located in. What about the Cost of Demolition? There are fixed prices on demolition for certain types of building and depending upon their sizes. In order for you to know exactly how much this would cost you, you may have to get the opinion of a demolition expert after they assess the house. However when you do go ahead with the demolition use what you can from the material left such as bricks or roof tiles.