If you’re not quite happy with your home in its current situation, you may think that there are only two options at your disposal: renovate or relocate. However, there is a third possibility that may be the best solution of all. Knock down and rebuild.
The thought of knocking down a property to build a new one from scratch may sound daunting, but it can deliver the best results for your budget and lifestyle. Here’s why.
You Can Build Your Dream Home
When you are hoping to bring your vision of the dream home to life, a knock down rebuild is the only solution guaranteed to deliver perfect results. Even a major renovation or extension on your current property will force you to work around the existing structures and situations. Similarly, when you relocate to a new property, your future interior design upgrades are limited to the dimensions of the building.
A new rebuild allows you to start from scratch, which puts you in full control of the project. Aside from building the rooms you want at the desired dimensions, it allows you to create a property that makes the most of the Sydney sunshine. Power lines, plumbing, access points, and structural are all designed to your needs. In turn, you will be left with a house that truly feels like a home. Frankly, that’s the least you deserve.
A Knock Down Rebuild Can Be Safer Than Renovation
Completing a knock down rebuild project ensures that all materials are the latest and safer solutions on the market. Conversely, renovating one of the many Sydney properties that have asbestos or other hazardous materials could put your family at risk during the project and after its completion. When combined with the potential issues linked to foundation problems or the use of outdated wiring and piping, rebuilds are often ideal.
Buying New Land Will Cost A Fortune
When looking at your options as a homeowner, the thought of buying a new house or land and property packages will enter your mind. However, Australian house prices are currently growing at the fastest rate in nearly two decades. Sydney is one of the most impacted markets while it should be noted that land is scarcely available. The hopes of finding a suitable solution at an affordable price are slim.
Even when you have a property to sell, the fact you’re considering the thought of knocking it down suggests it’s not in great condition. As such, relocating is likely to cause a huge drain on your finances – and that’s before you’ve encountered administrative costs and the expense of physically moving your possessions. Where possible, making your current assets work is highly advised.
It Could Be Quicker Than Moving
If you are looking to turn your dream home into a reality, you’ll naturally want to achieve this goal in the fastest possible time. Despite the demand for properties in Sydney being very high, it can still take around 60 days for the average property to sell. Following this, there is the settlement process, which can take up to 120 days. Meanwhile, a long chain could delay the process even further.
When the property you want to list is in major need of renovation, it may take even longer to gain a sale. A good estimate for a knock down rebuild is 8-12 months, but the process starts right away and you’re guaranteed to get results in that time frame. Improved accessibility makes it a more productive route than renovating too. Moreover, it avoids the threat of any nasty surprises that require extra work.
Better For The Environment
Going green is a priority for a lot of homeowners in Sydney right now. A knock down rebuild project allows you to take control by adding better insulation, using eco-friendly construction materials, adding double glazing, and installing energy-efficient appliances. Meanwhile, the processes used to complete the transformations usually cause no bigger carbon emissions than a renovation or relocation. So, this project is good for the planet as well as your pocket.
It’s Increasingly Accessible To Homeowners
Most people have thought about building their dream home from scratch at least once in their lives. However, the vast majority assume it’s out of reach. In reality, advancements in the market have made it more accessible and affordable than ever before, not least when you hire a qualified and trustworthy team of contractors to complete the project. It is always worth investigating the possibility.
Taking this option additionally allows you to remain in your neighbourhood and enjoy the sense of consistency it brings. Likewise, you already know what needs to be different when building your new home, which gives you the best chance of success. The first step to making your dream home a reality is to arrange a full consultation to gain a deeper understanding of the challenges and possibilities ahead. Get in touch to learn more.
When you are considering building your dream home, it’s essential to take into account every possible option you have and to analyse those options to find out which is the best for you. A Lot of new home-owners don’t take into consideration the idea of a knockdown and rebuild which can be cost-effective and efficient when building a new home, if you have any questions or would like to get in touch please don’t hesitate to contact Meridian homes.