As well as the added costs of upgrades and options that the marketing glosses over, people need to consider five other sources of cost blow-outs when building a home.
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Today’s reports of crumbling, dilapidated and dangerous hospital buildings are a far cry from the design ambitions extolled by early NHS architects and planners.
As with any major financial decision, you need to understand how the renovation fits with your broader life goals. Why do you want to do it?
If you’re holding off on renovating until next year expecting prices to calm down, odds are you will be disappointed.
Top contributors
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Associate Dean, School of Business and Law, Edith Cowan University
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PhD Candidate, Architectural History, University of Edinburgh
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Senior Lecturer, Finance and Financial Planning, Griffith University
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Associate Professor in Marketing, Griffith University
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Associate Head of School (Research), UniSQ School of Business, University of Southern Queensland