Sydney is a wonderful place to live, but it can also be challenging when it comes to living arrangements. As property prices continue to soar, many families are finding it difficult to find affordable homes that fit their needs. Multi-generational families living together has become more common, particularly around the inner city suburbs, where there is a high demand for living space. However, with the increase in demand comes an equally high cost, which means that many families are turning to alternative solutions like home renovations, particularly second storey additions.
Adding a second storey addition to your home is more than just a way to gain extra living space; it’s an investment in your future. Many people assume that purchasing another property is a better investment, but this is not always the case. When you take into account the cost of purchasing and maintaining another property, along with the legal fees and taxes associated with buying and selling properties, the investment may not be worth it.
On the other hand, building a second storey addition is a better financial decision that has many benefits. Firstly, building a second storey addition on your home adds significant value to your existing property. Secondly, your home will have more space to accommodate your entire family, giving everyone room to spread out and enjoy different aspects of the house. Multi-generational living is becoming more acceptable and popular, particularly in the larger cities where real estate prices remain high, and families want to stay close to each other.
As a homeowner, choosing to build a second storey addition gives you the flexibility to create a design that suits your needs. Whether you need an additional bedroom, a home office, or a second lounge area, you can work with a professional builder who can create a custom design according to your requirements. With a bespoke design, you can ensure that your new space will be both functional and aesthetically pleasing.
Another advantage of building a second storey addition is that it is less disruptive than moving. Moving your entire family to a new home can be challenging and expensive, particularly when you consider the cost of moving fees, furniture removals, and utility connections. Building a second storey addition, on the other hand, requires minimal disruption to your lifestyle. You can continue to live in your home throughout the building process, ensuring that your children can maintain their routines and attend their regular schools.
Multi-generational families living together in Sydney are a growing trend, and building a second storey addition on your existing home is an excellent investment option. It’s cheaper than buying another property, gives you extra living space, adds value to your home and allows your family to stay close to each other.
If you are considering building a second storey addition for your multi-generational family, it is important to work with a reputable company like 32 Degrees Building. We have a proven track record of delivering high-quality, customised solutions for families in Sydney, and can help you achieve your goals while staying within your budget. With their expertise and experience, you can create a beautiful and functional home that supports your family’s unique needs.