Has your family outgrown the home you live in? So, what to do now? In general, people tend to hire residential builders and renovate their homes by adding extensions. Or, they simply sell and get a new, bigger, more suitable property.
However, renovating or selling isn’t always the best option. There’s actually a third option, known among construction companies as knock down and rebuild. Namely, data from the Housing Industry of Australia show that a third of all new detached houses fit in this rebuild category.
So, to help you make up your mind, we at Liona Constructions have come up with the following list of the top advantages of a knock down and rebuild:
1. Keep Your Perfect Location
Location – a crucial part of any real estate decision. Luckily, with a knock down and rebuild you can keep your current location and stay in the neighbourhood you love, with all the amenities/streets you’re used to. Hence, if you already live in a location you love but have outgrown your home, Knock Down and Rebuild might be a great choice for you.
2. More Cost-Effective than Renovating
Surprising but true, the second advantage of a knock down rebuild is that it can be a more cost-effective option than renovating or extending your current home. This is especially true when comparing the costs based on square metres. This is so due to the fact that renovations are so time-consuming and there’s a lot of rectification before you even start any of the work.
3. Freedom of Design
Being able to start from scratch is also one of the top reasons why construction companies and homeowners are choosing to knock down and rebuild. Compared to renovating or extending which only allows you to work around existing structures, knock down and rebuild gives you complete freedom of design. In other words, you have the flexibility to choose exactly what you want from floorplan to fittings and fixtures, without having to compromise on anything.
4. Less Unforeseen Problems
The truth is, when renovating or extending your home, many surprises like faulty wiring or leaky pipes can arise that lead to increased costs, usually exceeding the original budget. Luckily, you don’t have to worry about budget blowouts when building a new home. In general, your contingency budget doesn’t have to be as big when you opt to knock down and rebuild, because you’re working from a blank canvas, thus, you’re far less likely to come across any unexpected issues.
5. Build a Sustainable Home
Last but not least, when choosing to start from scratch, you have the ability to build a sustainable home which wouldn’t be possible if you were to renovate or extend. For instance, you can reduce your home’s carbon footprint and energy spend by optimizing the orientation and layout of your home to maximize sun exposure among many other things. Also, another key factor that residential builders usually emphasise on, is the ability to use sustainable and eco-friendly materials.
Now that you know the key advantages of a knock down and rebuild, it’s time to contact us and build your dream home! The Team at Liona Constructions are experienced and able to assist in all stages of your project, including organising and managing your existing residence.