People sometimes outgrow their homes after a considerable amount of time. Many a time, they desire a new look for their homes, or it could be that the old houses have grown too dull and shabby. This is where knockdown rebuild, a new trend in real estate in Australia, comes in. By hiring some of the best knockdown rebuild specialists in Sydney, citizens in the city are transforming the suburbs and the localities. Many families in Sydney choose to knock down and rebuild instead of selling the house at a market price.
Why Are Many Australian Home Owners Going for the Knock Down Rebuild?
- Family Needs
Residents would rather do a knockdown rebuild on a good house than give it up. When a place is close to basic amenities and schools, homeowners won’t let a run-down home deprive them of the convenience. This is commonly seen in the suburbs.
- Changing Preferences
Many people would rather stay in the community they grew up in, so they prefer to have their homes designed according to their specific needs and interests. The interests can vary from extra rooms for children to a more modern design with functional aesthetics.
- Better Investments
Residents looking to sell their homes at a higher markup in the future tend to go for a knockdown rebuild. The process involves breaking down the shabby and dull parts of the house and turning it into a modern and elegantly designed structure.
Advantages of Doing a Knockdown Rebuild
- More Cost-Effective Than Renovations: One of the more significant benefits of knockdown rebuilding is that its costs can often be more affordable compared to a complete renovation of the house. Communities in Victoria, especially Melbourne, have seen a rise in this trend because of this. Renovations can often come with many issues like miscalculations, expenditure and improper planning. Renovations also include extra costs like agent fees, legal proceedings and other inspection costs. What about labour costs and permits? Yes, the homeowner must pay for that as well. Then there is the problem of moving everything and shifting to a new place while the place undergoes renovation. Knockdown rebuilds have much less paperwork, although the homeowner must rent another place for the time being. It would be wise to know all legal proceedings and regularise all approval forms at the earliest as at least 44.9 % of all the buildings can cost more than the price they were approved for. Construction costs can change between intervals and may not necessarily increase as 22.5% of properties set for rebuild cost less.
- Can Stay at the Same Place: Residents in the Central Coast have pointed out that staying in the same locality with the same community that people grew up with is more comfortable, and knockdown rebuilds help achieve just that. Building a house and staying in the same area with a familiar and friendly atmosphere is better compared to a new one in a stranger neighbourhood. If there are other benefits like schools and amenities closer to it, it is better not to consider moving at all. It is better to stay at a potentially positive place as it has a significant impact on the lifestyle.
- No Restrictions on Design: Knockdown rebuilds enable homeowners to start from scratch and build a completely free home without constrictions. Residents can add a new flair or change the style or structure as they please. It can also help create a more sustainable home by improving the electrical network, amount of total sunlight incident and the efficient usage of space for the house, and the surrounding grounds, if any.
With many advantages to having a complete makeover, there is no point delaying. The best option forward is to hire the best knockdown rebuild specialists in Sydney to get started on building that dream home.