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While all three options have benefits and drawbacks, considering a knockdown and rebuild project can be highly beneficial and profitable in the long run. It can also save you from the stress and costs involved in renovating or extending your existing home.
You don’t need to compromise on your dream home. Committing to a knockdown and rebuild project will mean you have the opportunity to create a home to suit your current taste and lifestyle, without having to move away from a location you love. It will also mean your home will be in line with current building and design standards.
Whether you want a cutting-edge modern design, a coastal-themed home or something with a bit of country charm, you can build it to your liking. You can also include features in the home that support your lifestyle such as an alfresco area for outdoor entertaining, an open-plan kitchen, a dining and living area, a study nook or extra bedroom for visiting guests.
Here are three other compelling reasons to knockdown and rebuild your home:
A knockdown and rebuild project can be cheaper than extending or renovating your current home. Why? Because a big renovation often means working in and around existing structures which can be costly.
Building a new home on your current block of land can also save you money when it comes to your heating and cooling bills. Installing new energy efficient products and appliances can save you thousands. You will also have the chance to introduce passive home design elements, which can further influence your bills.
Renovating or extending your existing home can be a risky process because they can often run over time and over budget. It’s often impossible to know what lies under the surface of your home or land until you rip it up, therefore you can run into unknown costs and time delays.
You may also be required to upgrade existing aspects of your home during the renovation or extension in order to adhere to current regulations, whereas a new home will always be built to current standards.
Most importantly, you can stay in an area you love! The design of your home shouldn’t be a barrier to living in the area where you are already established. Stay close to the amenities, schools and people you have come to know, and build your dream home to complement your lifestyle.
Visit hotondo.com.au to find out more.