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    Is a Knock Down Rebuild Worth It? + How it Compares to Other Options

    April 26, 2023  

    Are you a homeowner looking for a change? Need a bigger house, or want a completely different custom homes in Sydney, but don’t want to leave your neighbourhood? Have you ever considered demolishing your old home and building a brand new one in its place? While it may seem like a daunting decision, a knock down rebuild can be a great way to create your dream home without any significant lifestyle changes that come with moving.

    Of course, like any demolition or home project, it’s important to weigh up the costs and benefits before taking the plunge.

    In this article, we’ll be covering all of the factors you need to consider before committing to a knock down rebuild, and other options that may suit you and your family better.

    Is it Really Worth Knocking Down and Rebuilding?

    Absolutely! A knock down rebuild is worth it for many homeowners.

    However, it depends on a range of factors, such as the condition of your current home, the cost of renovation versus rebuilding, the zoning regulations in your area, and your long-term lifestyle goals.

    It’s essential to weigh up these factors before making a final decision.

    Why it’s Worth It: How a Knock Down Rebuild Compares to Other Options

    If you’re considering a major change to your house, you may be wondering how a knock down rebuild compares to other options such as renovating, extending, or even moving to a new home. Let’s take a closer look at each option to help you make an informed decision!

    Knock Down Rebuild

    A knock down rebuild involves the demolition of your existing home and building a new house in its place. This option allows you to create a completely new house that meets your specific lifestyle needs and home design preferences.

    It can also be more cost-effective than extensive renovations, as you avoid the expense of working with an existing structure. Of course, it does require extensive and careful planning, as it can be a time-consuming and disruptive process.

    Pros

    • The ability to create a completely new home that meets your specific needs and design preferences
    • Can be more cost-effective long-term than extensive renovations that may not really meet your needs
    • You can take advantage of the latest building technologies and energy-efficient features
    • The potential to increase the value of your property that is a 2 storey homes designs for small blocks.
    • The ability to keep your location if you love your land, but not the home

    Cons

    • Requires careful planning and coordination, which can be time-consuming and disruptive
    • Can be a significant financial investment and may not suit people with a smaller budget
    • May require approval from local council or building authorities and adherence to zoning regulations
    • You’ll have to move out of the home during the demolition and construction process

    Home Renovation

    A home renovation involves making significant changes to your existing house, such as updating the layout, adding new rooms, or upgrading fixtures and fittings.

    Renovations can be a cost-effective way to improve your living space without the hassle of moving, and can potentially increase the value of your property. However, like any other construction project, they require careful planning, and the process can be disruptive to your daily routine.

    Pros

    • You can maintain the character and charm of your existing house while updating it to suit your lifestyle needs, growing family, or home design preferences
    • Renovations can increase the value of your property
    • You can stay in your home during the renovation process
    • You have more flexibility in terms of budget and design choices

    Cons

    • The cost of renovations can quickly add up, especially if unexpected issues arise during the construction process
    • Your renovation plans may be limited by the existing structure of your house or zoning regulations in your area
    • It can be disruptive to your family routine, particularly if you’re living in the home during the construction work
    • Renovations may not be the best long-term option if your home is in poor condition or in need of extensive repairs

     

    Home Extension

    A home extension involves adding an extra part to your existing house, such as a new room or level, to create more living space. Extensions can be a cost-effective way to add space and functionality to your house without having to move.

    Like any other construction project, it requires extensive planning and may be limited by zoning regulations and the existing structure of your house.

    Pros

    • You can have more flexibility in terms of budget and home design choices
    • You can maintain the character and charm of your existing house while adding new features and space
    • You don’t have to move out of your current home during the construction work
    • Extensions can potentially increase the value of your property

    Cons

    • Extensions can be disruptive to your daily routine, particularly if you’re living in your house during the construction work
    • Your extension plans may be limited by zoning regulations or the existing structure of your home
    • The potential for hidden issues to arise during the construction process, such as hidden mould, asbestos, or structural damage, which can cause added costs and time delays
    • An extension may not be the best option if your home is in poor condition or in need of extensive repairs

    Buying a new house

    Buying a new house involves purchasing a home that has already been built and is ready for occupancy.  This can be a straightforward process that allows you to move into your new home relatively quickly.

    However, it can also be a costly process, and you may not find a home that perfectly matches your preferences or needs.

    Pros

    • You can move into your new home relatively quickly
    • The home is likely to be in good condition, with modern fixtures and fittings
    • You can avoid the stress and hassle of renovation or construction work
    • A new home may come with a warranty or builder’s guarantee

    Cons

    • Buying a new home can be expensive, particularly in a market with high demand
    • You may not be able to find a home that perfectly matches your preferences and needs
    • New homes may be built on smaller lots of land with less outdoor space
    • There may be homeowner association fees and property taxes that must be accounted for in your budget

    Building a Granny Flat

    Building a Granny Flat involves the construction of a small, self-contained structure on your property, typically for use by a family member or tenant. Some homeowners also use the space as a home office or studio.

    This can be a cost-effective way to add living space to your property while maintaining privacy and independence for any occupants. Keep in mind that granny flat construction is subject to zoning laws and other regulations.

    Pros

    • Can be a cost-effective way to add living space to your property, and is typically a budget-friendly option due to the smaller size
    • You can provide a separate living space for a family member, have a home office, or generate rental income
    • Can potentially increase the value of your property
    • Can be built relatively quickly, depending on the size and complexity of the project

    Cons

    • Ongoing maintenance and upkeep costs are something to consider, particularly if you plan to rent out the space
    • You may have limited space on your property for a granny flat, depending on your lot size, the existing house, and zoning restrictions
    • The construction process is subject to zoning and other regulations from your local council
    • A Granny Flat is a secondary dwelling that is often not connected to the main home, so while you will get extra space, it won’t be connected to your main living areas

    Final Thoughts on if Knocking Down and Rebuilding is Worth the Cost

    While the process of a knock down rebuild can take a significant amount of time, money, and effort, it’s one of the best options for homeowners looking for a significant change to their home.

    If you love your neighbourhood and local community, or even just the specific size and position of your land, a knock down rebuild can help you build the house of your dreams.

     

    Work with the best builders in Sydney

    If you’re looking for more information, or you’re ready to get started on your own knock down rebuild, New South Homes is at your service.

    We build on the Central Coast of NSW, Illawarra, Newcastle and the Sydney Metro region. You can get an obligation-free site assessment and quote; just reach out to us today for more information.

    Our experience, expertise, and long-term commitment to high-quality homes give our clients the opportunity to build their dream home. We can’t wait to work with you!

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