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The cost of extending a house in New Farm
How much will a house extension cost?
New Farm and surrounding inner city suburbs present many opportunities for major renovations like house extensions and adding additional floors. Early in the planning process you will want to establish how much your house extension is going to cost. In this post we provide some estimated price ranges as well as the many factors that determine the cost of a renovation.
To help with renovation planning we present some usual per meter costs of a major renovation in inner city Brisbane suburbs such as New Farm, Windsor, Ashgrove and Bardon as well as some of the main factors that influence this cost.
The cost of renovation varies according to the areas being worked on – bathrooms and kitchens generally cost more to renovate than other parts of the home. The scope of the renovation project also affects price. While larger renovations cost more overall they represent better value for money than undertaking multiple smaller projects.
Indicative costs of extending a house
Single-storey extensions typically cost between $1,500 per m2 and $3000 per m2. For small size extensions, this price is higher.The cost of adding an 80 m2 ground-floor extension can range from $120,000 to $240,000.
Cost of extending a second floor typically runs between $2,500 per m2.
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If you want to know how or if you can increase your property value or what types of home extensions your house could undergo, arrange a consultation with one of our home extensions New Farm experts today.
Size and scope
The larger a renovation, the greater the cost. Significant renovations like extending a house or adding a floor consume more materials and labour than smaller renovations. Inner city Brisbane renovations usually aim to maximise the amount of living space while working within quite small blocks. Despite the initial costs, it is almost always more efficient to undertake larger projects than multiple smaller ones especially in suburbs like New Farm, Fortitude Valley and inner Brisbane.
Materials used
What type and quality of materials can you afford to include in the renovation? Certain building materials represent a bigger slice of the building budget so it makes sense to focus on potential savings on these big ticket items like wall framing, cladding, glass, flooring and floor coverings. The quantities and availability of your preferred materials also affects their eventual cost.
Construction methods and the cost of extending a house
Extending a house in Brisbane suburbs like Albion, Kelvin Grove and Paddington can sometimes present challenges when it comes to the choice of construction method. Small, steep blocks and retaining heritage features are just some of the constraints that influence the choice and associated cost of construction methods. Some house extensions require site works such as cut and fill, foundations and engineering or strengthening works all of which adds to the cost of the renovation. Your builder will advise what construction techniques are possible or not.
Other factors that affect the cost of extending a house
Contingencies and indirect costs
As with any major project you should be prepared for contingencies and indirect costs that can add up over the course of a renovation project. If you are vacating the home during renovation, then you should factor in the cost of accommodation.
Wet weather can delay a project and while it may not affect the quoted price, other costs may continue to mount during such delays. Also consider the need for new furniture, appliances, and extras such as interior design services.
Economic conditions, supply, and logistics
As the 2021 building materials crunch shows, economic policies and surges in demand can have a significant impact on building costs and schedules. Choosing to extend a house at the right time plus the ability to take advantage of government incentives can influence the amount you will pay to extend a house.
The most important factor? Your choice of builder!
The cost of extending a house is ultimately determined by your budget as well as other key constraints such as site, structural and space issues. At the end of the day, your best strategy for keeping costs under control is to work with a reputable, efficient builder who can guarantee a fixed price.
When it comes to finding a team of builders who specialise in house extensions New Farm residents rely upon, look no further than the Renovare New Farm team. Siavash and the team are super passionate, hardworking builders and designers to help assist you in making the right decision when it comes to all your needs and house extensions locals love and rely on.
If you’re ready to begin the start of your dream home, get in touch with the home extensions New Farm experts today. Get in touch with Siavash by calling 0421 402 307 or filling out the contact form below for all premium quality home extensions in New Farm and surrounding central Brisbane suburbs.
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