Knockdown rebuild homes are Victoria’s new black, and for good reason. We show you why more people are choosing to create their dream nest in their favourite suburb – saving themselves money and stress at the same time.
1. The cost to knockdown and rebuild a house can be lower than a renovation
There’s no denying that refurbishing your current abode can be costly. Sometimes it can pay to stay in the same location for the good of your back pocket.
‘Knockdowns can prove more financially viable than purchasing a modern established home or even renovating, which often sees costs blow out,’ says Knockdown Rebuild Specialist, David Kelada.
‘A major renovation can cost over $300,000, with budgets and timelines often blowing out.’
With trade fees some of the highest they have ever been, renovating can be at least double the cost per square metre than tearing down and building a new house.
‘With Boutique Homes, you can still personalise your floorplan with custom interior selections and countless design options to suit your lifestyle,’ explains David.
Even if you sell and buy new, there’s real estate, conveyancing, auctioneer and marketing fees to consider, as well as the stamp duty on your new home and moving costs.
Boutique Homes’ upfront pricing and premium inclusions as standard mean you know what costs are involved from the get-go when you choose to knockdown and rebuild.
2. Stay in the neighbourhood you love
The familiarity and convenience of staying in the same location are particularly important to young families, with school zones and children’s routine a priority. Even if kids aren’t in the picture, you might love your suburb, street and neighbours too much to move.
‘Many people love their suburb and community but may have outgrown or need to downsize their current property,’ says David.
‘A knockdown rebuild allows you to build your new home without changing your address.’
3. You can stress less
Creating your dream home in Melbourne or regional Victoria with a builder such as Boutique Homes is often easier than trawling through the hundreds of homes on sale (that still might not fit the bill) or that involve renovations.
Boutique Homes offer ready-made designs with a host of premium inclusions as standard. All you have to do is pick and choose the options that best suit you, your family and your lifestyle. You can also envision exactly what you’re getting from day one, by visiting display homes before you sign on the dotted line.
What’s more, you don’t have to do it alone. It pays to rely on the experience of an established builder and their dedicated specialist teams when it comes to a tear down and build.
‘We can manage everything from the demolition of an existing property through to planning and building approvals, our expert team take care of everything,’ says David.
‘Our specialist team assess each property and personalise each home from our suite of design options. We review each block and advise on floor plans and façade options that suit the block and comply with local requirements, before you pay a cost upfront. We also manage all the trades and suppliers to ensure the construction of the home is in line with our quality standards.’
Plus, renovating older homes runs the risks of uncovering piping or wires that wreak havoc on your timelines, stress levels and budgets. With Boutique Homes’ 25-year structural guarantee and 12-month service warranty, you can rest easier.
4. Create your dream home
If your house is outdated or no longer matches your lifestyle, a knockdown rebuild lets you design a bespoke approach that takes advantage of modern floorplans and technologies.
‘Architecture and design have greatly evolved in recent years. You can choose a floorplan that fits a modern lifestyle – from open-plan living and a butler’s pantry, to retreat spaces,’ says David.
Kitchens and bathrooms have come a long way, as has energy efficient and sustainable technology that saves you money (and the environment) in the long term. You can incorporate improved storage options, change-up ceiling heights or wall placements, or move your entire house to take advantage of views or sunlight.
5. You maintain your equity
Homes built over 40 years ago may have depreciated, but the land value has continued to climb, particularly in established Melbourne suburbs and regional areas. If this is you, it makes sense to take advantage of your strong equity and stay in the same locale, with your new home building capital value.
Want to find out more about knockdown rebuild? Fill in the form below and one of our specialist team will be in touch
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