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What is a knockdown rebuild?
A knockdown rebuild is exactly as the name suggests. You knock down the existing home on a block of land and build a brand-new home. It’s a popular way of getting the home you want in the location you love. Many people do this with their existing homes because they don’t want to move. Alternatively, they buy cheap properties with the intention of knocking them down to replace them with the home they want.
As they say, out with the old and in with the new.
Benefits of a knockdown rebuild in Brisbane
There are a lot of reasons people choose a knockdown rebuild in Brisbane, with the location being at the top of the list. Let’s take a look at some of the reasons why knockdown and rebuilding is a great idea.
Your dream home in a preferred location
Everybody wants to build their dream home one day. The problem is, many people buy or build a home in their preferred location, but it isn’t the home they absolutely dream of. So, what do you do if you love your location and all of the local services and amenities you’re close to, so you don’t really want to move but you’d like your dream home?
A knockdown rebuild is a perfect solution. You keep the block of land and location you love, but you can tear down the existing property and build something even better. This is especially important if you work in the local area or have children attending local schools. You can keep the same life you love but live in the home you’ve always wanted.
Avoid the cost and hassle of moving
By packing up and moving to a new home, you are bound to incur a lot of expenses. Let’s consider for a moment the cost of moving to a new home. You need to sell your existing property, for which there will be agent’s fees and other costs. Then you need to find your new home and purchase it, which again comes with costs such as stamp duty and other fees. Finally, you need to pack your life up and move, which also comes with an expense.
With a knockdown rebuild in Brisbane, you can stay at your preferred location and avoid all of those real estate and government fees. Naturally, you’ll still need to pack your things for the existing house to be knocked down, but you would only need short-term storage, or if you have an ample sized-block and want to incorporate a large shed or garage, you could build this first and keep your belongings there.
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Less financial risk than a renovation
Realistically, if you renovate your existing home, it’s still going to be an older home. That means older structural materials, older wiring, older plumbing and everything else that essentially makes your home worth less. But with a knockdown rebuild, you get the benefit of a brand-new home that will be worth considerably more than your old one.
Plus, by rebuilding instead of renovating, you know that everything is new, meaning fewer maintenance costs and better energy efficiency, which ultimately saves you money on power bills in the long term.
An excellent investment
Even if you’re not intending to move house, knockdown rebuilds are a great way to secure an investment property for your future. The issue with many of Australia’s desired locations is that they’re also extremely populated. It’s hard to find vacant land in urban or even suburban areas close to the city.
This is where the old idea of buying the worst house on the best street comes into play. If you can find a bargain property in a great location, you could simply knock down the old home and build something much more modern and appealing. From an investment point of view, this can be a goldmine if you choose the right location.
Ready to learn why knockdown and rebuild can help you?
Sometimes, the best way to get your dream home in your perfect location is with a knockdown rebuild in Brisbane. If this sounds like the best option for you, the team at Avondale Homes would love to help. We specialise in building beautiful, modern homes of all shapes and sizes to suit any family. Whether you’re downsizing or upgrading, contact the team at Avondale Homes today and we’ll be happy to discuss your needs.