Knockdown And Rebuild: The Benefits Of Starting Over
When it comes to buying or investing in property, the old adage 'location, location, location' still holds true in 2022. The area you buy into impacts your property values and offers a unique ability to grow. However, prime real estate doesn't always come with the right home for you, or sometimes the property you're living in no longer suits your needs. But there is a solution - knockdown and rebuild. In today's blog, we're taking a closer look at what's involved in a knockdown and rebuild and exploring how you can start over without having to leave the land you love.
What does a knockdown and rebuild involve?
"Knockdown and rebuild" is an age-old term describing the process of demolishing a property and rebuilding the home on the same site. This is a great option if you're in need of a bigger home or one that better suits your current lifestyle, but don't want to move away from your established neighbourhood. It's also ideal for those who want to keep their original address, but want to improve the value of their property by building something more contemporary.
Some people are daunted by the enormity of a potential knockdown and rebuild, with visions of massive project management and time commitment flanked by a pile of rubble around the home and yard, but this isn't the case at all. In fact, the opposite is true - it's a great way to build a custom home with the right expertise by partnering with a trusted builder that not only retains the best aspects of your home’s footprint but delivers a new vision and dream home whilst making it an enjoyable experience without ‘tearing your hair out’ so to speak. In the case of a knockdown and rebuild, you don't have to cut corners or skimp on materials, either. In this sense, a knockdown rebuild with Apex Homes allows you to build a bespoke brand new home within your budget and to your exact specifications!
What do I need to consider?
When looking into a knockdown and rebuild, there are a few things you should think about:
Size - Size does matter!
When it comes to knocking down and rebuilding, one thing is that you have the luxury to make sure the new home size suits your needs. You are also able to make sure your new home has enough room for all your extended family members, and other guests you're going to want to invite into your beautiful new home. You may also like to build a smaller home to downsize and still be able to live in the location you love and keep the neighbours you love.
Ideal floor plan
You have the opportunity to build a home that's perfect for you and your family, so it's important to have the support of Apex Homes’ highly skilled design team to sketch out the ideal floor plan before going ahead with the knockdown and rebuild. This way, you will have a clear idea of where your knockdown rebuild project is going. Although hindsight is 20/20, try to also anticipate how your family is going to change and grow in the future, so you can match your new home to suit your ever-evolving needs.
Is it better to knockdown and rebuild or renovate?
There's no hard and fast rule about which is best for you, but it's worth considering that a knockdown and rebuild may be more cost-effective than renovations and lead to a superior end result. If you’re wondering why you might knockdown and rebuild, just imagine the modern upgrades to your kitchen and bathroom spaces, additional storage, integrated technology and more natural light coming together. It’s all possible with our custom design homes that are built to fit seamlessly with your lifestyle. Moreover, many older homes simply aren’t fit to stand the test of time - you may end up uncovering problems that blow your budget way beyond your limits, should you encounter shoddy workmanship, unsuitable foundations or a pest problem.
If you're looking at knocking down and rebuilding, you may need to budget the costs into your final mortgage repayments - a good mortgage broker will be able to advise you more on this.
There's more to a knockdown and rebuild than just building a new home. You also need to ensure that the project is carried out effectively and safely, as well as looking at the associated costs. This is where working with a trusted builder can really help, so contact us today if you're interested in building a brand new custom home.
At the end of the day, there are plenty of good reasons to invest in a knockdown and rebuild. By knocking down and rebuilding your property, you can get the home you want without having to relocate, meaning you get to stay in the area that you know and love. You can also get the upgrade you need without having to shell out a fortune. For buyers, the knockdown and rebuild is an exciting new option that offers an opportunity to purchase a new home in the same area at a lower cost than buying new.