When you live in the same neighbourhood for a while, you feel like you’ve put down roots. You get to know the neighbours, you have a favourite coffee shop and you get used to the local pace of life. However, what if you love your neighbourhood but hate your house? Is there anything you can do? One solution that many homeowners are now choosing instead of moving is a knock down and rebuild, which removes your existing home, then builds a whole new property in its place.
Is a knock down rebuild right for you?
There can be many things to consider before you start this kind of project:
- Can you get planning permission for a rebuild?
- Is the plot big enough to build the home you want?
- What’s your budget? Would it be cheaper to move?
- Where will you live during the months this is carried out?
Many areas encourage people to knock down and rebuild, as it means shabby, older homes get taken down and nice new ones built in their place. Therefore, it can be easier in some areas to get permission.
Get a price for a knock down and rebuild
Moving house is expensive. Not only will you likely need a bigger mortgage to buy a bigger property, house prices in some areas are through the roof and many people find it hard to get up the ladder. While a knock down and rebuild isn’t cheap, it may favour well compared to options such as moving house, and means you can stay in the area you love.
A lack of homes on the market has made these projects more popular
Once you move to an area and get to love it, you don’t want to move, and in some neighbourhoods it can be hard to find homes that meet your specifications anyway. This is why you’ll often find a knock down rebuild home Canberra and other areas where there is a shortage, as people either can’t afford to move or can’t find a home that suits them. However, this gives them another option that’s preferable to many.
If you’re considering renovating your current home, then a knock down rebuild may be a better option. You get a completely new home on the plot that you love, so there’s none of the hassle of a big move. While it can be a big project to take on, it’s often preferable to the cost of moving.