As a homeowner, you may realize that although the neighbourhood setting is ticking all the boxes, the house itself may need a revamp. This then leads to the dilemma of deciding whether you’ll take on a major renovation project with the existing property or start from scratch to achieve the dream home you desire. Before taking the plunge, there are a few factors to be well aware of. This article will discuss a handful of considerations to help figure out if you should opt to knockdown and rebuild or renovate your place.
Check The Current Structure
It’s easy to jump straight in and begin getting creative however, it is crucial to inspect the present quality of the house and the block structure. Compared to sloping blocks, homes built on flat blocks are usually easier to knockdown and rebuild. Apart from the property layout, the block size also affects how long the building works will be expected to go.
Know What You Want
Whether you’re wanting to tackle a knockdown rebuild or renovate, having a detailed plan of the outcome you want to achieve can make all the difference. When renovating, there may be specific features or inclusions that you’d like to keep or enhance. You’ll also want to sort out how each stage will be prioritised and how long the family’s schedule may be disrupted from all the extensive changes happening.
Understand What’s Allowed
The age of the home and the surrounding vegetation can determine the type of renovation you’ll be allowed to undertake. You would be expected to adhere to local council restrictions particularly when it comes to permits, cultural heritage areas, boundaries and roadblocks. As each council would be upholding different planning laws, it’s important to check in with them first before you initiate a knockdown rebuild or renovate.
Add Up All The Costs
While choosing what may need reworking and going through which design ideas suit your preferences, it is essential to work out how much you’ll need to pay and have a budget ready. By taking the time to weigh the benefits, you can assess which pathway is more efficient and less costly. For instance, having a clean slate may be a more affordable option if you’re desiring a complete kitchen makeover and wanting to customise every section.
Home Design: HomeSolution by Metricon
Review The Market Conditions
When you do a knockdown rebuild or renovate, you will want to ensure that you avoid the risks of overcapitalising on your home. This happens when the improvements involved cost more than the property market value it adds. The location of the house can also influence the extent of the entire construction.
For either choice, seeking professional advice can definitely assist with setting you up on the right track. They are also able to guide you on how to avoid common mistakes that may happen. To find out more about building and upgrading your place, speak with our friendly Advisory Team by giving them a call on 1800 184 284 or book a call online.
Let us do the legwork for you.
- We’ll ask the right questions to better understand your needs
- We’ll create a recommended shortlist ideally matched to you
- We’ll answer specific questions or concerns related to home building, land purchasing or financing
1800 184 284
