2023 has been an eventful year to date. Fluctuating interest rates, concerns over a recession and uncertainty within the construction industry have made home owners more cautious about potentially undertaking an extension, renovation or a new home build.
A recent blog by Marshall White Real Estate stated that “the recent winter period saw one of the quietest periods for property sales since the GFC”. You might be wondering where the positive news is, given that property sales and construction have undeniably experienced a slowdown for most of this year.
Well, here it is.
Marshall White Real Estate also said “fully renovated homes are in strong demand and are fetching favourable results in the marketplace”. So, what does this mean for you?
With inflation and interest rates stabilising as well as building material prices coming back to normal levels, there has never been a better time to extend or renovate. Any investment you make on your property now will not only enhance the lives of you and your family, but it will also become a strong asset well into the future given the high demand for quality renovated homes.
So, you have ideas but where do you begin?
Before you engage a builder, the best starting point is to get your thoughts and ideas down onto paper. You don’t have to worry about the design – leave that to the professionals. Begin by listing your ‘must have items’ and then your ‘wish list items’. The next step is to assess your finances and think about your budget range in terms of what you would ideally like to invest into your property.
If you are thinking about committing a significant amount of time and money into a large extension renovation or a custom new home, you also need to ascertain its feasibility and whether what you want is going to fit in with what you want to spend.
This is the point where you need to engage a professional and Sherbrooke Design and Construction can help. Our Concept Design and Budget Estimate process assesses the overall feasibility of your project, taking into account your wants, needs and budget.
Our initial discussions tap into your lists and budget range to develop a brief for your property. We then work through a process of concept design, scope of works and price modelling, where we prepare detailed documentation so you can make an informed decision about your extension, renovation or new home before you finalise a commitment.
Our Concept Packages start from as little as $3,500 with no obligation to continue. We will also credit the concept fee towards a final building contract if you are comfortable to move forward into the construction phase.
If you are still sitting on the fence about extending, renovating or building a new home and you’re not sure if what you want is going to fit with what you want to spend, we are here to help. At Sherbrooke Design and Construction, we provide the tools to help you work out what is the right decision for you and your family – from concept to completion with clarity and care.
Don’t let uncertainty hold you back. For a small investment you can take the first step towards your dream home. Contact us today and ask about our Concept Design and Budget Estimate process, and let’s get you started. We are here to help.
