In renovating a residential property, one constantly aims for three important factors; visual, viability and value.
Visual – is it what you envisioned? Is it more appealing now (post renovations)?
Viability – is it spacious, comfortable and habitable to your liking?
Value – how much is it worth (post renovations) and how much is your sale profit?
Auckland wide houses were built for the simple purpose of shelter and while that purpose alone was enough over the years, new trends have arisen. In this day and age trends tend to stir our desires, in this case our desire to transform shelters into ideal homes and potentially, investments.
Though one NZ Herald article states, “Sprucing up your home before putting it on the market is no guarantee of a massive return in value” it should be said renovating correctly will yield a strong return on investment over time.
Read more here: NZ Herald – Selling a home: do you renovate or not?
And although the journey (process) is more than likely to be a challenge, your destination (finishing product) is where you will reap the benefits; more comfortable and livable space as envisioned and a more desirable home for sale in a market with downward trends will ensure the house has more interest.
The same can be said with renovating traditional bungalows and villas. There is much potential to be explored with their structures in terms of renovating and/or extending.
Traditional architecture presents an opportunity to be creative in developing a new concept while maintaining the character of the existing structure. In doing so you can achieve the perception of tradition meets modernization; two different concepts to create a new whilst maintaining a structural balance.