Renovations on the rise in Townsville

first_imgAnna Williams, founder of Ethos Interiors says there has been an increase in home owners renovatingTOWNSVILLE homeowners aren’t shying away from renovating, spending more than $43 million on home improvements in the last financial year.They spent $43,162,000 on residential renovations in the 2017/2018 financial year according to Australia Bureau of Statistics data.Owners in North Ward spent the most of any suburb, dropping $6,321,000 on renovations during the 12-month period.Ethos Interiors owner Anna Williams said she had noticed not only an increase in renovations, but homeowners were doing more extensive work to their homes.“Renovations is a big proportion of our private work and we’ve definitely noticed an increase,” she said.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“We’re doing more renovations and more extensive renovations so instead of just a bathroom or a new paint job people are doing maybe two bathrooms, the kitchen, new paint and new flooring to almost create a whole new house.“We do a lot of Queenslander houses, but we also have clients wanting to renovate in a more modern style. It’s important to look at the whole picture when you’re renovating because people will get excited an pick out a really expensive bath tub or comshitng without looking at their overall budget.”Ms Williams said a lot of their renovating clients were located in North Ward or the city but people were also renovating in newer suburbs such as Annandale where some homes are now 10 or 20 years old.Townsville homeowners spent nearly double those of people in Macaky who racked up $26,493 however farther north a whopping $73,088 was spent of renovations in Cairns. Master Builders Queensland deputy CEO Paul Bidwell said there had been a surge in renovation activity. He said some renovations were just being done to improve houses which owners intended to keep but that was also done with the knowledge it was adding future value. “I assume most people when they renovate they do it with an eye to will I get this money back, will it actually add value,” Mr Bidwell said.Mr Bidwell said homeowners should get multiple quotes and be prepared for unexpected costs like removing asbestos or structural damage that is uncovered during the renovation. “In a very busy market if you don’t shop around you are doing yourself a disservice. In some parts of the market you might find there is very sharp pricing because people are looking for the work.“Either way for peace of mind you want to shop around and get at least two or three quotes.”last_img read more

Read More →