House extension

North Shore renovations builder
Home office, Home renovations, House extension, House Renovation

North Shore Renovations Builder – Renovating A Home For Extra Income

Is Renovating Or Building A House Extension For Extra Income Worth It?

Covid-19 has caused lots of people to review their lives and even how they generate an income. Many have come to enjoy the Working From Home (WFH) lifestyle and some are actively looking to explore how they can capitalise on that. Some people are considering how they can use their home to generate that additional or replacement income.

 

That income could be generated by renting existing space in their home, however, a stumbling block for some people, is the lack of available or usable space in their home. In this article we will look at the options and viability of renovating or extending your home to generate additional income.

 

Potential Revenue Sources

We are not looking at simply renting a room for a flat-share or an Airbnb but bigger ideas where the homeowner wants to produce more income by using land on their property. In short, how can a house renovation or extension generate extra income?

 

Different Uses and Income Sources

There are numerous types of businesses you could run, ranging from a bed and breakfast, a short-term holiday let, creating a long-term rental unit, to building a workshop or studio. You can rent the studio space or run classes yourself.

 

A common option is a granny-flat or even renting space to your children.

 

Another idea is to build a smaller unit for yourself and rent out the main home. This can suit young couples with no children yet or older couples who no longer need the space of the big house.

 

For those people who are self-employed already but work out of a leased office or shared practice space, you might consider building your own working space. This will save you commuting time and costs as well as the rent on your office or practice building. Accountants, lawyers, therapists, and many other professionals can make huge financial and emotional changes to their lives by working from their own premises built on their property.

 

Each of these ideas for income requires different amounts of capital input and ongoing work from you.  A bed and breakfast for example, will require you to cook and clean each time you have guests. A studio or long-term rental will need very little ongoing input from you.

 

Extend Or Renovate?

The answer to this depends on your ambitions and also your property.

 

For some homes, the physical land or location will determine what you can and cannot do.  This in turn will also affect the costs.

 

A good starting place is to talk to a local building contractor who will be able to give you tips and pointers on what you can do within broad ball-park costs.

 

After that, you can do some more research and costings to see which is more viable for your particular aims.

 

Financial Considerations From Extending Or Renovating Your Home For Income

Besides the obvious income you can generate from whatever business type you choose, there are other financial issues too.

 

Tax on any net income is of course an expense you will have to pay. You may decide that the after-tax figure is not worth the expense of the building work or the ongoing input from yourself.

 

On the other hand, if you hire the right renovation builder and designer, you can add a considerable amount of value to your property. This can be far in excess of the construction and administrative costs. In fact, people often look at income generation jobs as a means of financing their capital expansion rather than being a career.

 

You need to look at your finances to see what you can afford to do, whether it is from existing resources or from additional lending, and forecast the potential revenues. You must talk to your accountant, the Council and a mortgage broker before you commit to any big projects.

 

Extra income from home

Extra income from home

The Next Steps To Generating An Income From Home

Before you can talk to an accountant, you need to have a solid idea of the extension or renovation costs involved. The safest way of achieving this is to talk to an experienced renovation builder who can give ideas on not just costs, but good advice on the types of work, extension or renovation you might consider. A good local builder will also have a strong understanding of the actual ground of your property and the amount of preparation work you will need before any construction can begin.

 

The other big issue is the Council. Getting building consent is a time-consuming and potentially expensive process. At Cain Built, as a long-standing North Shore builder, we have worked on many renovations and extensions over the years and as a result, had lots of experience working with the Council. We can give you some pointers or put you in contact with who you need to talk to about the work you will have to do to get Consent from the Council.

 

Will 2021 Be The Year To Make Your Property Profitable?

2020 is drawing to a close and more people are taking a serious look at their life to see what they want and how they can achieve it.  For many, making your property a revenue-generator is a great way forward.

 

If you have aspirations to either WFH or want to create other revenue streams from your house, we are happy to have a chat with you to talk about the renovation or extension options you might want.

 

Give us a call on 0800 224 628 or if you prefer, you can email us at enquiries@cainbuilt.co.nz.

Home-office conversion
Home office, House extension

North Shore Home-Office Conversion For Homeowners

Has Covid-19 Made You Consider Converting a Room Into an Office?

COVID-19 has changed many things about the world that we live in. One of the biggest realisations was that people really could work from home with no loss of output for the organisation. Remote working has been an option for many years, but it took the pandemic to show people and enterprises that it was a possibility after all. Now, although lockdown restrictions have been relaxed, a lot of people are continuing to work from home (WFH), some full-time others part-time.  This does however, mean there is a demand or a need for a home office space to make the situation work for the whole family.

Why You Might Need A Home-Office Conversion

Remote working at home has undoubtedly brought benefits to many workers and families.

For example:-

  • Commuting time is vastly reduced or even eliminated. That has a knock-on effect on pollution and the environment.
  • Workers have fewer disruptions like the colleague who always wants to talk about their weekend. Those interruptions are eliminated giving people more productive time.
  • People can spend time with their family or go to their children’s after-school activities and catch-up on work in the evening.
  • People can work at a time that suits their metabolism or personality. For “larks” or “owls” rather than 9-to-5ers, this is a big bonus.

Clearly, there are some big attractions to working from home.

Problems Of Working From Home

Despite all the obvious and not-so-obvious benefits from remote working, there are also numerous problems associated with it.

While the office gossip has been removed, the family, especially during school holidays, is available much more. Your spouse may want a job doing or the children may want you to join them on a project.

Space may be a problem in a regular home. Not all houses have a study or office as part of the construction or design.

Work will often entail additional piles of paper or files which can be both unsightly in the lounge or take up space on the dining table.

There can be visitors like your spouse’s friends or children’s after school.

Not surprisingly, there are multiple problems for people and their families when someone decides to become a remote worker.

A Simple Home-Working Solution

Given the potential for disruptions when working at home, having a dedicated home-office becomes the obvious answer. But, where and how?  An office will need space to be freed-up from the family home, and on the surface, few homes have lots of spare space to use.

But aren’t home-office conversions expensive?

Below are a few thoughts and answers as to why you might want to hire a builder to convert a room into a home-office.

We Don’t Have Any Spare Space

Even if your home looks full, it is surprising how much space can be created or rather, reimagined, with a good spatial design and smart building. There is often a lot of wasted space with unnecessary walls, poor use of cupboards and hallways.

A good designer or an experienced house builder and renovations expert, can spot opportunities to create a better use of space in your home. Drawing on their experience, they can see dead spaces or unused areas that can be converted into more usable space like a home-office.

 Office Conversions Can Be Affordable

An office conversion doesn’t have to be an expensive project. In fact, you may be pleasantly surprised when you realise just how affordable a conversion project like this can be. The total costs will vary based on the scale of the project, but upgrades like this can be made even if you are on a limited budget.

Talk to an experienced renovations builder about the room you’d like to convert into an office. They can give you a ball-park estimate of the likely costs for a home-office conversion. You may find that a project like this is within your budget.

It Can Increase the Value of Your Home

While home renovations will almost always increase your home’s total value, this is a particularly smart upgrade. With the rise in popularity of remote working, house buyers are more likely to be looking for homes with an office already included. An upgrade like this should provide a solid return on investment.

Even if you are not planning on selling your property in the near future, a home office is a smart financial decision. As mentioned above, these kinds of conversions can be very cost-effective, which means there’s a strong chance you’ll be able to recoup a lot of what you spend.

Having An In-Home Office Space Can Improve Your Quality Of Life

North Shore home office conversionWe have seen the potential for domestic stress ranging from interruptions from children to piles of papers filling up the dining table. Having a home-office conversion can prevent all of these and more.

By creating a specific place for home working, documents can be kept away from small sticky fingers on client papers and DIY requests can be kept until the weekend.

A converted home-office space is also a place that you can leave at 5pm so you are not working all hours of the day. It is your place of work you can open and close the door on.

All of these options will mean your domestic life and the quality of your life will be improved by having that special space for your work.

Your Home-Office Space Can Be Shared

A dedicated home-office needn’t be the sole domain of one person in the household. An experienced renovation builder can create an office that’s designed to have multiple uses. For example, if more than one member of your household works from home, you may need to create space for two people.

Children can use the room for their homework and in the evenings, it can be a hobby room.

A good designer or builder will be able to incorporate all of these needs so you and your family get maximum use and return from your home office space.

For Even More Space You Can Add An Extension

Some people will look at the idea of a home-office conversion and think, why not add outwards by building a home extension. If you are going to have some disruption with a conversion, then take advantage of that and having a building company on site and make your home substantially bigger.

There are plenty of advantages of this approach, not just in making an office for working from home, but that room can be designed from scratch rather than fitting it into an existing space. You can also include other rooms like entertainment, a granny flat or a room for your teenagers.

A house extension can fulfil many needs, not just your work-from-home office.

A Builder Can Make Life Better

Working out of home shouldn’t be a frustrating experience. The right renovation builder can transform a room or unused space into a good place to work and help improve home life for everyone.

If you have been working from home because of Covid-19 or simply thinking of a home-office conversion, we’d love to hear from you – give us a call on 0800 224 628 or email us at enquiries@cainbuilt.co.nz.

House extension

House Extension Builder For East Coast Bays

Expand The Living Space Of Your Home With A House Extension

If you are starting to outgrow your home, you might want to consider adding a house extension. Many people in this situation immediately think about buying a new home or moving to a new neighbourhood. This option has lots of challenges, especially if the children like their school. However, another idea means that you can stay in the home and suburb that you love by adding an extension to your current home. Below we look at some of the ideas for house extensions East Coast Bays homeowners can enjoy.

There are two main ways you can build a house extension. You could build upwards by adding another storey, or build out into your garden making a bigger footprint for your home.

Adding Another Storey For A House Extension

A common approach to building a house extension is by adding another storey to the house. If your land area is limited this is often the better option for you. Also, if you live in a hilly area then adding a second storey can give you extended views and vistas that can take advantage of the locality that you live in.

However, be warned. An additional storey obviously means additional weight on the house foundations or concrete slab. Therefore, a key question to ask a house extension builder is, can your home support the added mass of another level? For this, you must talk to an experienced house extension builder. Often this is a question that only an engineer can answer but a good builder will be able to refer you to a good quality structural engineer that they have worked with previously who can give a definitive answer for you.

Why People Build Up For Home Extensions

Building up is a great approach to adding more space to your home. In many suburban areas, sections have been sub-divided into two or more building plots. This clearly puts a restriction on the ground area available so upward is often the only viable option.

But what about height you might ask?

Well, in the Auckland Council Unitary Plan, they are advocating developers build higher developments than before. This is mainly for building new multi-level (up to six storey) apartment blocks, but the Council is more open to considering allowing higher homes in some locations to leave more ground available for an additional dwelling on the same section. In short, Auckland Council wants denser housing which inevitably means taller houses.

Personal Choice With Another Storey Home Extension

Adding another storey to your home is going to give you a lot more space but more importantly, it is space to your specifications. You get to choose what bedrooms, bathrooms, or other rooms you want in that space. It is much easier to design your dream space from a blank canvas than to change an existing living area.

Added Value From A Home Extension

A broad rule of thumb is, more space means more value, so adding another storey will also increase the value of your home. In some suburbs you need to take advice from a local real estate agent about possible resale values of homes with extra living space, but in many areas, if you have additional, Council approved living space, your house will increase in value, often by more than the cost of the extension building project.

Building Out For East Coast Bays Home Extensions

If you don’t want to add another storey, or if you have the land available, then you can add an extension to the side of your house.

For many people, an extension built out from the home is the better option. It doesn’t require any strengthening of the foundation pad, and is often a relatively straightforward building project. Extending the footprint of your home can add grandeur and elegance to your house as well as the extra space.

When people have an extension built, they often take the opportunity of upgrading other areas of the house, especially those close to the new addition. This can include upgrades to kitchens, or making living areas open-plan. This makes the new and the old tie together to create a fabulous looking new home.

In fact, this is one of the key ingredients to a successful home extension. You have probably seen extensions that look like a garage has been tacked onto the house. It looks poor and doesn’t add as much value to the house as it could. A well-integrated house extension, tastefully designed, and finished to merge with the existing house will not only look better, it will add more value, and you will be much happier with the outcome.

An extension can be built on most terrains but if the land has a steep slope, then building the home extension will be more difficult, and consequently, more expensive. However, a good quality builder will have the skills to work on difficult sections.

Choosing A House Extension Builder In The East Coast Bays

It is important to work with a good local house extension builder in East Coast Bays. If you are choosing to get more than one quote, it is important that you don’t simply go with the cheapest. You must ask all the potential building contractors to explain why they have priced as they have, as you need to be aware of any additional costs, known as variations, that may not have been allowed for in the pricing (such as tree root removal and asbestos testing and removal) so you know exactly what is and isn’t included. Otherwise, you may think you’re comparing apples with apples, when you’re actually comparing apples with pears, and could therefore be in for some unexpected costs later down the track once the project is already underway.

Also, ask to see their portfolio of other house extensions and ask for references too, so you know the builder is experienced enough for your project.

At Cain Built we are not only New Zealand Certified Builders Association accredited (NZCB) but have worked on many different types of house extensions in the East Coast Bays and surrounding areas, so we’re sure to be able to help you with yours. If you have an idea for expanding your home, please give us a call on 0800 224 628 or email us at enquiries@cainbuilt.co.nz and we will gladly have a chat with you about your project.

House extension

House Extension, Coatesville Builders, Some Ideas From Cain Built

Benefits Of A House Extension, Coatesville Builders, Cain Built, Have Some Ideas

If a family decides they need more space, they have two main options; to move to a bigger home or to build a house extension. For many the idea of a house extension has more advantages than moving to a new home. As a house extension builder in Coatesville, Cain Built have experience working with families, helping them to overcome their space problems by building a house extension for them. In this article, we will be going over some of the benefits of a house extension.

1  |  You Know The Area

If you have children then you will know the challenges of getting them to accept the idea of leaving their friends and moving to a new area, new schools, new sports clubs or activities. This is not to be under-estimated.

And don’t forget yourselves either. You will have your circle of friends in the area. Making new friends is not easy so do pay serious attention to this issue.

2  |  Increase The Value Of Your Home

Another key benefit that you will get from having a house extension built is that you are investing in your current asset, and increasing its value. Given the current house prices in the Coatesville area, if you move to a new home, you will face legal and real estate agency bills of well over $50,000. That is dead money.

Instead, you could invest that money as part of the cost of a brand-new house extension. You will need more than the $50,000 for a completed house extension project of course but that is a significant contribution from which you will get value rather than simply handing it over to agents and lawyers.

In addition, you are going to increase your value of your home, which in time, will make it much more marketable when you do want to move home. That $50k+ investment will be one of the best returns you will get, especially compared to the other option.

3  |  Make It Your Own

Another benefit that you will get from building an extension to a house is customising your home to make it your own. There may be aspects of your home that you don’t like. Maybe the layout doesn’t work, perhaps some rooms are a bit small, or the sunlight doesn’t shine in where you want it. All of these are issues that you can change if you have a house extension built. By definition, you will be increasing the overall size of your home by extending it, but these other layout issues can be tackled at the same time.

Often when we have worked on a house extension in Coatesville and surrounding areas, we have not just added space by building out, we have changed the internal layout too to accommodate the family’s desires.

Do you want a new bathroom? Maybe you are adding a sunroom or something else. All of these you will be able to include in your house extension building project to make your home much more useable for you.

4  |  More Space

As noted above, often a big motivator for families looking to move is that they want more space. Growing teenagers, more children, or aged parents coming to live. All of these are very common reasons for people wanting to have more space to live in.

Moving home is a massive task. You have to decide where you want to live, visit real estate agents who will hound you once they have your phone number, go to lots of open homes, make offers that might get beaten by other buyers, organise finance, and if all of that is successful, then you have to go through the move itself. It is an arduous process.

Much simpler, even though there will be building work and disruption, if you are looking for more living space, is to have an extension built. Many homes, especially older ones, do not maximise the usable space in and around a home. With good design, and modern building techniques and materials, you will be able to add more living space to your property depending on Council approval of course.

5  |  Luxury From a House Extension

Another reason that people think of moving is to upgrade the quality of their home. Older homes deteriorate; it’s natural. It seems like a good idea to move to a new house. But you can often get a similar or even better result by upgrading your existing home.

When you add a house extension, that automatically adds a feeling of elegance, because of the extra space. But at the same time, you can upgrade other parts of your house. A new bathroom, a kitchen renovation, opening up rooms to create a bigger living space. All of these can be part of a house extension building project. Each of which, and cumulatively, will add a feeling of more luxury to your home.

Move or Work With A House Extension Builder in Coatesville?

In the end, only you and your family can decide which you feel is right for you. However, instead of moving, you might want to consider investing in a house extension. It is a good way to increase the overall value of your home, it adds much-needed living space, you can add a sense of luxury to your home, it is often easier than moving, and, it means you can stay in the Coatesville area rather than having to uproot your family, and start again in a new suburb.

If you would like to have a chat about the possibility of a house extension, please call us on 0800 224 628 or email at enquiries@cainbuilt.co.nz, we’d be happy to talk to you about your options.

Home extensions Dairy Flat
House extension, House Renovation

East Coast Bay Home Extensions Builder – Some Thoughts

Five Reasons You Should Consider Having A Home Extension Built

As a homeowner, one of your biggest concerns may be the lack of enough space. Even if you think you have plenty of space at the moment, at some point, you may decide that you need some extra room in your home. Moving to a bigger house is always an option, but the hassle of relocating isn’t everyone’s cup of tea. Exploring the option of building a home extension is definitely another option you ought to consider since it gives you more control over the final result.

Further, there is more to home extensions than just having more space. If you do not have to relocate for a job, extending your home offers numerous other benefits too that are worth considering.

Building A Home Extension Saves You Time And Money

The implications of purchasing and moving to a new home cannot be overlooked. The process of assessing, viewing and bidding on a home is expensive and emotionally draining. There is also no guarantee that you will be able to buy a house that you like if someone outbids you. In addition, there are significant costs associated with moving too; legal fees, real estate commissions, and the removal company. That is all on top of the time and expense looking for a house.

Building a home extension is not a stroll in the park but for many families, it is much less disruptive as you do not have to relocate. For example, you do not have to find new schools and get the children settled in to those, which is another emotional drain.

Building a house extension is not a cheap option but at least the outlay is going into your asset rather than commissions to service providers.

It Adds Value To Your Home

It goes without saying that a home extension raises the value of your property. Increasing the value of a home is not usually a driver for people who decide to have a home extension built. It is usually the need for more space as youngsters become teenagers, or an elderly parent wants to move in with you.

Nonetheless, a well-designed and constructed house extension will add value to your home. However, seek advice from architects, local real estate agents, or experienced house extension building companies regarding over-capitalising your home. For example, if you make your house into a five or six-bedroom home but all the others in your street are four bedrooms, then it might be difficult to sell a house that big in your neighbourhood.

It would be prudent to consult one or more of the above experts before you go too far down the track.

An Extension Can Adapt Your Home To Your Changing Lifestyle

A home extension helps you gain the much-needed space to suit your family’s lifestyle. You may need the extra space to accommodate extra family members, or the desires of your family might change. When children are small they often share a bedroom no problem, but as they grow older they may want their own space.

Another example is if you decide to work from home. You may want an office or studio, depending what you do. Or you may decide to create an open-plan living area which you can extend out into the garden to add even more living space.

Whatever your family’s wants or needs might be, the extra space you gain from having a home extension built will allow the installation of extra facilities and resources to ensure that your home adapts to your new lifestyle.

A New Home Extension Can Change Your Home’s Interior Design

If you are going to have a building company to add a home extension, there will be some disruption for sure, and will probably require remedial decorating where the house extension meets the existing walls. That is an ideal time to have a fuller refit, or redecorate your home. You could even take the opportunity to go all out with your design options.

Extra Facilities Give More Convenience And Family Harmony

Having extra bathrooms or kitchen space is invaluable to any home setting. As a family expands there is more demand on the existing facilities. What family hasn’t had a struggle with the queue for the bathroom on schooldays? A house extension including an extra bathroom brings harmony and efficiency to the running of a home.

If you have extra kitchen and dining space this can help to enhance the relationship between family members. Dinner time used to be when families got together at the end of the day and interacted with each other. But these days it is not as common as it used to be. However, if you have a well-designed, and more conducive dining area, you can bring back those valuable family times.

Self-build Or Hire A Builder For A Home Extension?

Some people may be tempted to build a home extension themselves. The old Kiwi-DIY spirit. But these days it is a much better idea to hire a building company for a home extension.

Some of the main reasons are that for one, people are much busier than they used to be. Life is lived at a faster pace, and spare time is more limited. That means that it will take a lot longer to complete the job if you try it yourself.

Another issue is that the building regulations have changed significantly. Many jobs can only be signed-off by the Council if they are completed by a licensed trade provider.

That leads onto the next big reason; Insurance. Insurance costs have gone up massively in the last two years, and insurance companies are looking for excuses to not take on new risk. But you will only get insurance cover if the work has been given all the Council building consents.

Summing Up

Often the first thought about a cramped housing issue is to look for a new home, but there are other options. One of the best is to hire a building company to build a home extension. This will not only enhance the value of your home, and provide you with the extra facilities that you want, but it will ensure that the home extension will have all the necessary building consents.

If you would like some advice on the possibilities with a home extension, give us a call 0800 224 628 or email us at enquiries@cainbuilt.co.nz.