When your present home no longer suits your needs or you have outgrown your home – there are many options to rely on. Renovating the existing home, selling it and buying a new home, or building elsewhere are three of the most popular options available under such circumstances. But did you know that there is a fourth possible option that is worth considering? That option is – a knockdown rebuild – or knocking down your existing home and rebuilding a new one in its place.
Here are some of the advantages of a knockdown rebuild.
The “HIA-Colorbond Steel Housing 100” Report measures the building activities of the 100 biggest homebuilders in Australia.
They reveal that during the years of 2013 and 2014, more than 10% of the total number of new home units built by these Australian companies were knockdown rebuilds. The HIA or Housing Industry Association further states that more and more homeowners have decided to consider knockdown rebuilds during the coming years. Considering the many benefits of knockdown rebuilds, it is not difficult to see why many homeowners have chosen to go down this path this year.
Knockdown rebuilds are considered a smart move financially.
One benefit of deciding to knockdown your existing home and rebuild a new one is that it could be more cost-effective than renovating a house. The latest statistics have shown that renovation projects are 50% more expensive than building a new home on a square meter basis. That is because renovations usually require a lot of time-consuming demolitions or rectification work before the new work can begin. Also, some costs relating to renovating a home are difficult to determine at the design stage.
Another benefit is there are fewer surprises when you are planning a knockdown rebuild. Even though people love surprises, they don’t love surprises when renovating a home. Unexpected problems such as dodgy wiring, leaky pipes, or undetected asbestos can turn your renovation project into a nightmare – wasting so much of your money in the process. Hence, knockdown rebuilds are considered a more viable option compared to renovating a home. They don’t have too many uncertainties around them as with renovating a house.
Knockdown rebuilds have a positive effect on your lifestyle too.
That is because you get to stay in the same neighborhood. Hence, it is a great option for a family who doesn’t want to move elsewhere leaving the current neighborhood. Rather than selling the house and buying or building a house elsewhere, you get to construct the home of your dreams in the same neighborhood thanks to the knockdown rebuild process.
In fact, knockdown rebuilds have become so popular in Australia due to the shortage of land in and around the metropolitan cities in Australia.
Properties located in well-established areas are quite pricey.
That is why many homeowners prefer to knockdown and rebuild on the same property without moving elsewhere. They can save a lot of money in the process. While renovating a home requires the homeowner to work around existing structures, knockdown rebuilds give the homeowner more design freedom. The homeowner could start with a clean slate when it comes to a knockdown rebuild.
Site access has been a big issue when renovating a home.
With a new build, the builder has full access to the building site. Improved site access is important to improve the productivity on-site. This will help reduce your overall building cost and time. Efficient programming means the builder can work much faster and reduce the cost of building over time. That is why knockdown rebuilds are so popular with a majority of homeowners in Australia.
Knockdown rebuilds allow you to improve the sustainability of the house in ways that are not possible if you were to renovate the house.
When you start from scratch, you have the freedom to choose the layout of your home as well as the placement of windows. This will help allow the maximum sun exposure in winter as well as coolness in summer. Cross ventilation can also be considered under such circumstances. You have the option of using sustainable materials for your home when you opt for a knockdown rebuild for your home in Australia.