Renovation boom forecast with Queensland leading the charge
As featured on Realestate.com.au
A MASSIVE renovation boom has been forecast nationally and Queensland is one of the places expected to lead the surge.
Renovation activity has been tipped to ramp up by another $500m off last year’s decade high to top $8.8b nationally.
The latest Master Builders Australia Building and Construction Industry Forecasts out today expected renovation work to total a massive $44b over the next five years nationally.
Master Builders Australia’s national economics manager Matthew Pollock said a decade high was reached last year at $8.3b but that was expected to ramp up even further now.
He said “the surge in the pipeline of alterations and additions (renovations) work for residential builders kicked off in 2017” giving small builders a much needed lifeline.
“While the boom in new dwelling construction has been centred on the Sydney and Melbourne markets this is forecast to be reversed with the boom in renovation work. We expect growth to be strongest in South Australia, Western Australia and Queensland which is great news for our members in those states who have been doing it tough.”
If you're planning a renovation, incorporating smart home technology is a great way to increase the value of your home.
And what better way than to have your smart cabling installed when the plaster is down. Having smart home features such as a security system that notifies you when the kids get home, or a CCTV system that you can log in and view from anywhere in the world, are just a few of the great features to include in your listing description to attract a buyer's eye. These extra features can go a long way when it's time to sell. Additionally, it is smart home features like these that show the potential buyer that the home is "future ready" and may have other desirable traits, upgrades, or features.
Other great smart home features to consider when planning your renovation:
- A control system that allows you to watch multiple sources on any of the TV's throughout the house (Foxtel, DVD etc), controlled via an app, available on all touchscreen and mobile devices.
- Distributed audio system (music streaming services) throughout the house.
- Lighting control via all touchscreen and mobile devices. Smart home scenes such as "Home" which when selected, turns on the lights on the pathway from the garage to the kitchen and bedroom. Other scenes such as "Goodnight" will progressively turn off all of the lights in the house and close all of the blinds.
- Audio and video intercom system that allows you to see who is at the front door and allow access to your visitor from your touchscreen or mobile device.
The best place to start when considering smart home features for your renovation, is to get in touch with us to discuss your budget and ideas.
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