If you’re content in your current location but dissatisfied with your previous residence, there’s no need to pack up your belongings and move. The ideal solution may be a knock down rebuild rather than moving someplace else entirely. Not only will you be able to continue living in the neighbourhood you like, but you’ll also be able to enjoy all of the advantages of a brand new house that has been tailored to your unique requirements.
The truth is that renovations may sometimes be just as expensive as complete rebuilds – if not more so in some instances. Aside from that, you’ll save thousands of dollars on stamp duty, legal fees, real estate agent fees, and relocation expenses. This might make the whole process less stressful and cheaper for your family in the long run. Let’s take a deeper look at some of the advantages.
A KNOCK DOWN REBUILD CAN BE MORE ECONOMICAL.
Compared to refurbishing, one of the significant advantages of it is that it is frequently more cost-effective than the latter. Renovations can be time-consuming, challenging, and fraught with unexpected building concerns.
Aside from the actual construction, relocation means you’ll have to pay stamp duty. The amount of money you’ll have to spend may vary depending on where you reside, how much you pay for the house, and what kind of property you’re purchasing. There are extra expenditures to consider, like refinancing fees, agency fees, legal fees, transfer fees, and building and pest inspection fees, among other things. Are you considering a renovation? After that, you’ll have to budget for labour costs, supplies, permits and council fees, design fees, inspection charges, and any loan repayments you may have taken out in the first place.
The expenditures of relocating and remodelling may mount up. However, reconstructing your house saves you money by avoiding the need to pay stamp duty or purchase a piece of property beyond your financial limits. The only drawback is that you’ll have to rent out another property while your home is being rebuilt, which will add to your expenses and inconvenience. Given the current availability of rental properties, the relocation may be highly cost-effective.
REMAIN IN THE PLACE YOU ENJOY THE MOST
While demolishing your house and constructing a new one might provide several financial advantages, it can also have a significant effect on your quality of life if done incorrectly. Is there a sound education system in your neighbourhood for the kids? Is there a steady stream of employment chances for you? Is there a vibrant and welcoming community where you live? If the answer to all of these questions is a loud “yes,” then moving away from this doesn’t make much sense; beloved gardens or trees may be preserved in many cases.
It allows you to create a new house while remaining in the neighbourhood you’ve come to love. It’s a win-win scenario regarding the quality of one’s life. And the reality is that it’s growing increasingly widespread in the suburbs throughout Australia as time goes on.
KNOCK DOWN REBUILD PROVIDES YOU WITH DESIGN SURFACE OPTIONS.
The advantage of know down is starting with a clean slate. You may design and create the house of your dreams, experimenting with different styles and architectural structures and adding your personal touches. Renovations need working around the existing structure of your house, which sometimes necessitates a degree of creative compromise to stay under budget. On the other hand, starting from scratch implies minor sacrifice and more size and aesthetic alternatives.
Another advantage of the demolish and rebuild process is the possibility of designing an environmentally friendly house. By including passive design features in the construction process, you can guarantee that your house receives the most sunlight in the winter and the maximum amount of shade in the summer. Furthermore, by insulating your walls, floors, and roof, you can keep the temperature of your house at a reasonable level while consuming far less energy.
Sustainable solutions such as these not only help to reduce your home’s carbon footprint but also help to reduce your energy expenses by a substantial amount. You may also utilise environmentally friendly and climate-appropriate construction materials, as well as the most up-to-date intelligent and eco-friendly heating, lighting, and water features, fixtures, and appliances, to name a few options.
In addition, constructing a new home allows you to plan and create a space that can accommodate your evolving demands. If you’re thinking about establishing a family in the future or are concerned about the high expenses of repairs and additions, this strategy may benefit your situation.
THE FINAL VERDICT
While the prospect of a knockdown rebuild might be a bit intimidating at first, the potential benefits are enormous. So if you’ve outgrown your current residence and are anxious for a move, it’s something to consider. Not only may it be a more cost-effective option to relocating or remodelling, but it also allows you to remain in your current location while creating something you can be proud of.
It costs nothing to talk about it with a new home consultant, and may even have samples of finished or under construction homes in your neighbourhood.