Read on why spending Extra for an Architectural Knockdown and Rebuild on your land has many advantages.
When it comes time to find a new home, you may not need to move anywhere. An architectural knockdown allows you to build the home of your dreams without changing neighbourhoods.
Due to the potential costs and work involved in tearing down and rebuilding, you may wonder whether it’s worth it. The truth is that knockdowns are often more cost-effective than you may think.
If you’re ready to live in a new home but want to stay in your neighbourhood, explore some of the details of a knockdown/rebuild.
🤔 What is an Architectural Knockdown and Rebuild?
An architectural knockdown involves demolishing an existing home and building a new one. The new property includes an architecturally designed layout to meet the homeowner’s exact needs.
Not everyone wants to build a home in a new development. Knockdowns provide the option to build in existing, established neighbourhoods.
Does a Knockdown and Rebuild Cost More?
An architecturally designed knockdown rebuild may cost more than some other options, such as building from scratch on vacant land. When building on a vacant lot, you do not need to pay for the demolition of a property.
Demolition may cost $30,000, depending on the size and other factors. Yet, a knockdown may also save money in other areas. Compared to buying or building a new home, you may save thousands of dollars on the following:
- Legal fees and real estate agent fees
- The cost of relocating
- Stamp duty
When you compare the cost of demolition to the costs associated with buying and renovating a home, a knockdown may save money.
❓ Alternatives to Tearing Down and Rebuilding
Instead of knocking down and rebuilding, you may choose to buy an existing property or build a new one on vacant land. Each option has different advantages and disadvantages.
Buying an existing property is more straightforward, as you do not need to deal with construction. However, you are unlikely to find a property that meets all your wishes. Homebuyers typically need to settle on homes that closely match their requirements but may lack one or two items that they really want.
Building a new home on a vacant lot allows you to include the features you really want but also has some drawbacks. You may spend more than buying an existing property of the same size. It would be best if you also found the right area to build, which can be challenging in and around Goldy.
🏗️ When to Consider a Knockdown Rebuild 👍
Knocking down and rebuilding your home makes sense for a variety of reasons. Here are several questions to ask yourself to determine if a knockdown makes sense for you:
- Do you want features that you can’t find in other homes?
- Do you want to build in a specific neighbourhood?
- Does the existing property have severe structural issues?
- Was the existing property built many decades ago?
- Does the current property lack space for additions?
If you answer yes to any of these questions, you may want to consider knocking down the property and starting over. Here is a closer look at these situations.
Add the Features You Want Most in a Rebuild
One of the main situations where a knockdown/rebuild makes sense is when you want specific features that you may not find in existing properties.
For example, you may want a home with a specific architectural style, a certain number of bedrooms, or taller ceilings. Homebuyers rarely find homes with everything on their list of essential features, increasing the need for future renovations.
👍 Build Your Dream Home in the Neighbourhood of Your Choice
Knocking down a property may make sense if you have found the perfect neighbourhood. Imagine finding a neighbourhood close to work, school, and all the amenities you want. You love the area but can’t find a house that meets your needs. Luckily, you can tear down one of the houses and start over.
This also applies to those who want to tear down their current home and rebuild in the same spot. You can rebuild and avoid relocating.
🏘️ Knocking Down a Property with Structural Issues
In most cases, a property’s principal value is the land it sits on. If your home or the home you plan on buying has structural issues, knocking it down may be more efficient than renovating it.
Structural problems are often expensive to fix. Repairing a foundation may cost up to $35,000 in Australia.
If a property has structural issues, it may also hold other surprises. Faulty electrical work, water damage, and other issues are irrelevant if you plan on demolishing it all. A knockdown eliminates the risk of uncovering these surprises during a renovation.
Replacing an Aging Home with No Historical Value
The Gold Coast grew in the 1940s, leading to the development of many new homes. Homes built many decades ago lack the advantages of modern engineering and construction. If you have a house built in the middle of the 20th century, it may be nearing the end of its life.
Renovating an older home may allow you to include your desired features. However, you may still need to deal with uneven floors, non-standard room sizes, and other issues that many older homes face.
Rebuilding When a Property Lacks Space for Additions
A home addition is a great way to add living space without relocating. However, depending on the size of your lot and the home, you may not have room for an addition. Rebuilding allows you to get the living space that you need. An architect can design the layout from the ground up to suit your needs.
Conclusion
In the end, an architectural knockdown offers the perfect solution for dealing with aging homes and the tight housing market. You can build the home you have always wanted in an established neighbourhood instead of a new subdivision.
Contact us at Risen Developments to learn more about knocking down and rebuilding a home in the Gold Coast or the surrounding region.
Want to know more about Knockdown Rebuilds?
Craig Preston, Contract Builder on the Gold Coast
If you want to start the process described, the next step is to contact Craig, the Master builder and proprietor at Risen Developments.
With over three decades of experience, we can complete your project on time and within budget. We have helped hundreds of homeowners build their dream homes in Goldie and the surrounding region. Contact us today to start planning your new home!
Risen Developments will provide a stress-free experience. Our no-nonsense building process has helped make us the preferred choice for many Knockdown rebuild clientele bringing their ideas into reality.
We can build a worthy investment to add to your real estate portfolio or dream home to call your own. The next step is to contact us to start discussing your plans.
A Knockdown rebuild may be ideal for homeowners looking to define their lifestyle in the finer things offered when knocking down and rebuilding. Please don’t delay, and let’s chat soon! Risen, your local Building and construction company on the Gold Coast is only a click or call away, so please reach out to us today at 0404 REN OV8.
