The reasons why people choose to knock down their existing house are wide and varied. They may be looking for a way to invest by building two homes and selling one, or they may need more space to make room for children on the way. Whatever the reason, there are many benefits to a knock down and build project, some of which are discussed below.
More Cost-Effective
For many homeowners the decision to build a new home is often weighed up against renovating. The pitfalls of renovating are the extra costs that give you an extension to your original house, but leave you with the old structure of the home, including old wiring, plumbing and appliances. Having a fixed price is often difficult with a renovation project as you can never anticipate problems that may arise, meaning your budget can blowout. With a new home, you’ll save on renovation costs, stamp duty, legal fees, real estate agent fees, as well as maintenance costs going forward.
A House Design You Want
A knock down rebuild project gives you the freedom to design a home that’s perfect for you and your family. You can design it with all the space, features and modern technology to suit your lifestyle. The flexibility to design a new home without any restrictions or existing structure to work around is one of the biggest advantages to a knock down and build versus a renovation project. Plus building with all the modern smart, eco-friendly and energy-saving technologies at your disposal means potential cost savings. You’ll also be saving the planet!
The Location You Love
If you love the neighbourhood you’re in, then it makes perfect sense to stay put. Whether it’s family, friends or amenities that you’re attracted to, staying in the suburb you’ve grown to love is possible with a knock down rebuild project. You’ll also save on stamp duty by building on land you already own. A new home, in the location you love – it’s a win-win!
Move In Sooner
With less unforeseen risks than a renovation project and easier site access, a new home can be built in much less time than the completion of a renovated home. Improved site access will increase productivity on-site meaning you’ll be able to move into your new home sooner, reducing other out-of-pocket expenses such as rent and storage costs.
Is It For Me?
While the idea of a knock down and build can be a little daunting, we believe the benefits are worthwhile. If you love where you live, but feel your home is getting old, is too cramped, or not fit for purpose anymore, then a knock down rebuild will give you the opportunity to stay where you are and build a home exactly the way you want it.
If you want to know more about a knock down rebuild, contact us today to see how easy it can be.
