Whether you’ve outgrown your existing home, or perhaps have your eye on a particular suburb or street to buy into, the big decision remains; should you renovate or rebuild? It is easy to get caught up in the romance of renovating, particularly with the media’s focus on DIY projects, but there are some genuine benefits choosing the knock down rebuild option.
Is a knock down rebuild for you?
1. Cost – Renovation or Rebuild?
When you watch TV it’s easy to get taken away with the idea of renovation.
But when you take into consideration everything involved with a renovation – time finding the materials, demolishing with care, retaining and working around existing structural elements, health consideration like asbestos and mould, and all the things that can go wrong that romance quickly wears off.
Renovating quickly becomes an expensive, emotionally draining, and time consuming exercise, so unless there is a particular reason to do so (like significant heritage value of a home) it is easy to see why so many people are now opting to knock down rebuild.
And finally, when you realise that knocking down and old home and rebuilding a brand-new home probably costs a lot less per m2 than renovating, it becomes the intelligent choice.
Plus, you can choose and pick all the design elements just the same as you would in a renovation so you have all the fun and none of the hassles.
2. Less risk
Under the surface of any renovation lies challenges that you can never anticipate.
Unstable foundations, bad wiring, blocked up plumbing that needs replacing and just all sorts of dodgy building practices of the past poses risks that you cannot know when starting out on a renovation.
With a knock down rebuild you will have a contract subject to the terms and conditions of the contract and a good idea of how long it will take. This gives you control and confidence in the outcome.
3. Energy efficiency
Environmental and cost considerations are high on the list of a new home build. When older homes were built, people didn’t think as much about these things and it is almost impossible to make an old home as efficient as a new one, even with an extensive renovation. Brand new homes focus on making the most of natural light, allowing breezes to flow through and cool the home, the best orientation on the block and use of energy efficient materials. This saves you money in the long term.
4. Time
No one really knows how long it’s going to take to renovate a house because of the issues we’ve outlined above but with a knock down rebuild you will have a very good idea of how long the process with take from the beginning. This gets you back in your home as quick as possible, and saves your family’s sanity.
5. No compromise
With a brand new knock down rebuild you can achieve all your hopes and dreams for a new home in one go. You’ll have the perfect modern kitchen, perfect sized rooms, the right room for the right family member and beautiful new design elements. You’ll love your new Champion Home.
6. Location
The best thing about a knock down rebuild is that you get to stay living and sharing in your existing community, with all the friendships you and your family have built up. This means less stress and more connection. You’ll be in the location you want and the dream home you deserve.
