Quote Originally Posted by chadknowslaw
My house is only 2 years old, we are upgrading, not renovating!

Will that home in Australia be set in a very quiet new community, on a mountain, next to the largest city park in the world, with a beautiful view of a city of 3.5 million people, and only 15 minutes from one of the busiest airports?
And will this home increase in value 10% to 25% every year like the homes in Phoenix?
[last year my neighborhood experienced a 45% increase in sales price per square foot]

I would love to have lower costs, but I am not willing to give up the combination of warm weather, big city, increasing property values and location in the desert southwest.
Hey Chad...

That's just for the house building (not the location). Wouldn't dream of building anywhere but a quiet new community (with lots of local parks and close to transport). 35min to the airport and yes values do tend to increase at about 10-15% per annum here to (due to the shortage of land).

I was just trying to make the point that often if remodeling on a large scale it can be cheaper to knock down and rebuild.

Cheers,

Allan