Updating your home can be a costly endeavour, but did you know that choosing to knock down and rebuild on your existing land, rather than renovating your current house, can actually be very cost-effective?
On paper, a renovation may look attractive, but it can be time-consuming and riddled with unforeseen construction issues. Plus, if your original home has any major issues such as orientation on the block or structural concerns, a renovation won’t be able to remedy those concerns.
Here are four reasons why choosing to knock down rebuild over renovating may be the best option for you and your family.
Save on costs and save on headaches with a knock down rebuild
It can actually be cheaper or similar in cost to knock down and rebuild than to renovate. For a renovation, you’ll have to budget for labour expenses, materials, permits and council fees, design fees, inspection costs, and repayments for any loans.
On the other hand, if you knock down and rebuild you’ll likely go with a building company who’ll take many of those headaches out of your hands and manage them for you. Most importantly, rebuilding on the property you already own means you can avoid stamp duty – a significant cost given increasing house prices across Sydney.
Knock down rebuild to stay in your community
One of the biggest benefits of rebuilding on your existing property is that you get to stay in a location that you know and love. One can’t underestimate the importance of feeling like a part of a community. You know where all the key services, such as the local doctors, shops, restaurants, and schools, are, and you are surrounded by a support network of friendly neighbours.
For many homeowners who’ve lived in an area for a long time and feel entwined in their community, the idea of selling and moving to a new address holds little appeal. It might mean you need to find a new job, new schools for your kids, and even a new GP, not to mention losing your neighbourly connections. With a knock down rebuild project you get a brand new house and get to stay in the community you know and love.
Home is so much more than just the house you live in. A knock down rebuild means you don’t have to find a new favourite restaurant, get to know new neighbours or discover a new cycling track. It offers the best of both worlds – a shiny new home in the same familiar location.
Knock down rebuild for a new house just the way you like it
The most cost-effective way to undertake a knock down rebuild project is to find a building company that looks after the entire project. This makes the whole process much smoother and you still get to customise your new house to suit your family’s needs. The beauty of a knock down rebuild is that you are given a blank canvas.
Working with a builder that has a tailored approach means the design is packaged into the build. Home builders like ANSA Homes are at the forefront of modern housing design and can work with you to ensure your dream becomes reality.
Renovations, on the other hand, require you to work around your home’s existing structure, which often involves a level of creative compromise to satisfy the budget. Starting afresh means less compromise and more options, both in size and style.
Building a new home also gives you the option to kit out your new home with smart technology and green living options – which doesn’t just benefit the environment, but also your bank balance.
Choose knock down rebuild to avoid the pitfalls of renovation
For an inexperienced renovator, renovation projects can pose many problems. Renovations often cost more and take longer than planned because they uncover existing problems that were not foreseen at the start of the project. This is particularly true of old houses, which can appear quite sound on the first inspection but may contain unforeseen problems such as asbestos sheeting or insulation.
Renovations tend to take over your life for the period both leading up to and during the remodelling. There are lots of decisions to be made on an almost daily basis, so if you’ve already got a busy life you may struggle to keep up.
Before you decide whether knock down rebuild or renovating is best for you, consider all the pros and cons so you can make your decision armed with knowledge.
Why you should consider ANSA Homes for your knock down rebuild project
South West Sydney based ANSA Homes is a HIA and MBA award-winning builder specialising in knock down rebuild projects. Large enough to have display homes at multiple locations, but small enough that everyone on our team knows your name, ANSA Homes give you certainty. Certainty of price, process, design and expertise.