Ultimo Constructions – Renovating for Profit
Triplex and multi-unit developments, custom builds, and demolish and builds are the make-up of Ultimo Constructions, yet every so often our team are challenged to change tact and tackle a renovation project – and they love every moment of it!
It takes a certain skill and one different to a new home construction to work with an existing design and create an addition that complements the flow of the existing home, matches the style flawlessly and meets the needs of a changed lifestyle.
This challenge happened recently with the renovation of Whittle Place, Stirling. The brief: Renovate a 4 bed, 2 bath, study, theatre and activity room home to include a third single garage, extended ensuite and design a modern elevation and modern interior to increase the value of the home within the parameters of the 779sqm block.
Despite the challenges of running family life in the midst of a renovation; dust and a little uprooting while the transformation took place the decision to renovate rather than build new made sense. The owners loved where they live, the home worked for their family and the space flowed well, they just needed to adjust the design to work for their family’s lifestyle.
The finished result met and exceeded the brief, with the polished concrete, the entrance inside and outside being a real highlight of the home. The use of aluminium panels, timber slats and concrete create a statement elevation. Above all, the design, and updated floor plan works for the entire family. More space, a modern look and functional rooms has given their much-loved home longevity for years to come.
Renovating your existing home can be a great solution if you love where you live but are outgrowing your home. Many older properties have larger blocks, which means you also may have the option to maximise the return on your block by subdividing and constructing a new build to the rear of your property, depending on your suburbs zoning requirements. If your block is over 700sqm this is a real opportunity for you to build to sell or build to lease; a fantastic way to create a profit from your existing home and unused backyard space.
Below we share some of the benefits to subdividing your block, renovating your property to meet your family’s needs and creating a new home the rear of your property:
- Increase your profit by building and selling
- Create a steady income stream by building and renting to tenants
- Create your own growth with an existing asset
- Potentially reduce your mortgage
- Downsize of a big block that can contribute to large maintenance costs.
There are many benefits to maximising your blocks potential and all can be done with a fantastic aesthetic and financial outcome. Choosing to work with a team of property development specialists is a great way to ensure your development is in safe and experienced hands and maximising your potential is a primary outcome.
Ultimo Constructions can partner with you on your subdivision and renovation journey, helping you create a home that works for you. Contact our team on the details below to get started.
