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Knock Down Rebuild Homes Are Changing The Face Of Melbourne’s Suburbs
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If your house has seen better days that doesn’t mean you have to pack up and relocate, even if it’s a few streets away. You also have the option to work round your home’s current problems. This includes renovation or a knock down rebuild. Although the former may seem a more affordable option it never turns out to be in most cases. Yes, deciding to knockdown and rebuild can help you save thousands and have the house of your dreams right where you are. So, if you are looking for a cost effective alternative it is time to search for a reliable and experienced builder to help fulfil your dream.
The myriad benefits of rebuilding
There are several benefits you can derive when you knock down and rebuild. It helps unleash the equity in your home. You also get access to a variety of new designs and gain great resale value as well, which is a far contrast from trying to maintain a 3 decade-old home that is now out of style. Reputed builders offer a host of tailor-made solutions, where you can even build a single new home or several home on the same lot and earn a handsome return on a rental or sale. Adding another dwelling makes perfect sense if you have a larger lot. Often, the sale of your second home can pay for your new home as well. When you knockdown and rebuild you get to avoid costly maintenance and enjoy the benefits of new home warranties.
A lucrative investment opportunity
As you can see, the advantages far outweigh any drawbacks, if any when you decide to rebuild your home from scratch. You get to save on utility bills since your new home is likely to be more energy efficient. Besides, you don’t have to be a mathematical wizard to realise that building two homes your property turn out to be most lucrative. If you spend $15,000 to knock down your home and build two new homes for around $550,000, you could still have the opportunity to sell one for as much as $550,000 and cover the costs of a knock down rebuild.
Rebuilding is a popular option
There is no reason to leave your local area and disrupt the kids from attending school or move further away from your work spot. According to the Housing Industry Association (HIA) as many as 210,000 knockdown rebuild projects take place every year. So many people can’t be wrong, can they? There are more savings in the form of agent’s commission, stamp duty and legal fees, which lead to a significant saving.
Do a bit of research
Don’t hesitate to knock on the door of anyone has done something similar. This is a great way to gain the positives and negatives and make a well informed decision. Speak to your local council and find out the best way your new home can be approved without any fuss. Most importantly, select a quality experienced builder that may have other projects in your area. It won’t be long before your dream is realised.
Jayden Smith is an expert author and has written so many articles on www.berstanhomes.com.au. Now he is working on House and Land Mickleham and The Views Estate Mernda.
For more info visit on: http://www.berstanhomes.com.au/
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