Why renovating your home, rather than buying a new one, is the smart way to go
Let’s face it, they’re not making any more of it. Land, that is. But that’s just one of the reasons why more and more of us are choosing to improve our current homes, rather than starting from scratch and building a new home.
Of course, you could always move to something already existing, something bigger and better (or smaller and better, depending on your needs). But then there’s the risk that you don’t know what you’re getting. Someone else’s nightmare, perhaps.
The cost of selling your home isn’t cheap, either. Advertising and real estate agents fees will set you back 3 – 5% of the sale price. So you’re looking at around $12,000 in fees on the sale of a $300,000 home. That could have got you a new or remodeled kitchen or bathroom in your old home.
So for more and more New Zealanders, renovating their home, rather than buying a new one, is becoming the smart way to go. This trend is reflected in the latest building consent figures released by Statistics New Zealand which showed that spending on additions and alterations over the twelve months to November 2005 increased by 9.2% while spending on new dwellings dropped 4.6%.
Another trend, brought about by new building legislation and the fact that most New Zealanders are more strapped for time than ever before, is the move away from the traditional DIY (Do It Yourself) mentality and rise of DIFM (Do It For Me).
In response to the renovation trend, leading New Zealand building services group has launched an innovative and unique new concept: New Rooms for Old.
For the first time, New Rooms for Old provides New Zealander homeowners with a complete ‘one call does it all’ solution to their renovation needs, providing them with everything from concept and design services and loan packages to a full project management service bringing together builders, plumbers, electricians and all the other trades needed to complete any renovation project.
Several major building industry players have got behind New Rooms for Old, including Carters, GIB, James Hardie, Fletcher Aluminium and Pink Batts. Westpac Bank is the funding partner, providing customers with pre-approved loan certificates and credit card facilities.
The aim of New Rooms for Old is to make renovating your home uniquely simple, stress-free and affordable. See below for contact details on your local Fix It Building Services Franchise Owner about New Rooms for Old.
