COVID-19 UPDATE: Builders remain open, and iBuildNew's independent experts are available to guide you through your home-building journey. Find out more Close

Knockdown Rebuild Or Renovate: What’s Right For Me?

Picture this: you’ve been living in the same house for 20 years and you suddenly want a change in scenery. You want to update the utilities in your kitchen, you want to fix the tiling in your bathroom, and you even want to add a deck to the home. And you’re thinking, “do I just move out and find a house with all of this and more? But my neighbourhood is so good I don’t want to leave.” This would be a tricky decision for anyone to make. But here you have two options, you can either knock down the entire home and rebuild it from top to bottom or renovate. Here are some tips and tricks in deciding whether or not you do a knockdown rebuild or renovate the home entirely.

knockdown rebuild or renovate

1. Figure Out a Budget
The first step in making any changes to the home is to figure out a general budget. By figuring out expenses and how much you are willing to spend, you’ll be able to make the decision on whether or not you want to knockdown rebuild or renovate. It is also important to consider how the costs will play out in the future too. Once this is sorted, then you can begin to make the necessary changes to the home.

2. Find Out if Knocking the House Down is an Option at all
If you’re set on knocking down your house, you need to make sure that is it a viable option in the first place. It can be cheaper to build a new home on flatter land but be more difficult and costly on a slope. Some areas may not even allow it. You also need to take into consideration the age of the home and if doing a knockdown rebuild could just ruin the historic value it currently has.

knockdown rebuild or renovate

3. Is there Room to Renovate in my Current Home?
Thinking about renovating the home is easy enough, but putting the plan to action might be a bit more difficult than you initially thought. You need to ensure that your home is able to be reworked and that the structure of the home won’t be changed too much or damaged. If the structure of your home needs to be changed to make sure renovations are possible, then you might need to reconsider and come up with a new layout completely and just do a knockdown rebuild instead.

4. Check the Real Estate Value of the Area
Before renovating or doing any sort of knockdown rebuild, take into considering the property market and the value of the home in your area. You need to make sure that you won’t be overcapitalising and in turn potentially losing money. The choice to do a knockdown rebuild, in comparison to renovating the home can be a difficult decision. But with these tips and tricks in mind, the decision hopefully gets easier and suits whatever you wanted from this process.

knockdown rebuild or renovate

Stuck on whether you should knockdown rebuild or renovate your home? If you have any questions and would like some advice, then don’t hesitate to get in touch with our team on 1800 184 284 or book a call online at a time that suits you.

Shantelle Santos

Shantelle is a graduate of a Bachelor of Communication (Public Relations). She loves all things social media, digital marketing, and has a keen interest in design.

About

iBuildNew is the market leading aggregator dedicated to residential home construction and land development. As an independent platform, iBuildNew helps Australians identify and compare new home designs, house and land packages and land estates. It’s the smart way home buyers, who are considering a new build, can find the ideal options to match their individual needs. Home building is a big decision, we make sure you get it right.

You may also like

Mar 14, 2019

What to expect from your knockdown rebuild project

You might love where you live - a peaceful suburb with trees lined down the street, eas...
Read More
May 05, 2016

Knockdown Rebuild: What are the steps?

If you are happy with the area you live in, but your house no longer suits your needs o...
Read More
Oct 04, 2018

Should You Consider a Knockdown Rebuild Project?

If you're well settled in your location, but feeling like a home overhaul, then a total...
Read More
May 30, 2019

A Fresh Start: Perks of a Knockdown Rebuild Project

A home makeover doesn’t require purchasing a brand-new house away from your neighbourho...
Read More
Jul 18, 2018

New Build vs Old House | Which Should You Invest In

Investing in a new home comes as a fantastic opportunity for would-be property investor...
Read More
Jul 01, 2020

Knockdown Rebuild Or Renovate: What’s Right Fo...

Picture this: you’ve been living in the same house for 20 years and you suddenly want a...
Read More
Jan 08, 2018

No Land for Sale Near You? Here’s how to Finance a K...

Finding vacant land for sale in Melbourne is near impossible. And if you have your hear...
Read More
Sep 20, 2019

What You Need To Do Before Starting A Knockdown Rebu...

Life in a beautiful area with great neighbours and everything you need just a stone’s t...
Read More

Get more from

Browse New Home Designs