Do you want to move into a new home, but love the location where you currently live? A knock down and rebuild could be the perfect solution, especially if your land is valuable.
Knocking down your old home and rebuilding a new one is often a quicker and much more cost-effective alternative to completely renovating your home. However, it’s not a straightforward process. There are important things to keep in mind when planning a knock down and rebuild.
Here are four things to consider when exploring the possibilities of completely rebuilding your home from scratch.
1 - Budgeting for the build and securing finance
One of the first things people want to know about a knock down and rebuild is how much it’s going to cost.
The demolition cost of knocking down a home can range from $2,000 to $20,000 and depends on many factors. It’s difficult to quote without first inspecting your existing house and land. The cost can vary greatly depending on the state and structure of your house, the location and access and if there are any other challenging factors such as asbestos removal, tree clearing or land overlay restrictions.
If you’re fortunate to own a house that is in good condition (and high demand) such as a Queenslander, workers cottage or other heritage style home you may find a removal company will pay you to take it away. This can save you considerable costs on demolition, and may even leave you with money in your pocket!
To get an idea of how much you’ll need to budget, the first step is to arrange a site inspection with a qualified builder. They will identify any challenges which need to be allowed for.
Another consideration when budgeting for a knock down and rebuild is the cost of temporary accommodation. Unless you can stay with relatives or friends for free, or own another house or unit, you’ll most likely have to rent during the build phase. The average build time for a rebuild is six months. If you’re renting during that time, you’ll have to incorporate that cost into your budget.
Finally, it’s important to secure finance on your new home build BEFORE you proceed with the knock down. This will give you peace of mind so you can relax and enjoy seeing your new home go up.
2 - Designing your new home
Knocking down your existing house and rebuilding a new one gives you the opportunity to design the home of your dreams. It’s important to make sure you design it with the future in mind.
If you’re planning to expand the size of your family, you’ll want to add more bedrooms to your new house design, even if the rooms won’t be used for a while. Maybe consider larger play areas and a fenced yard if you don’t have one already. A designer can also ensure your home is safe for little ones.
Have a think about your garaging requirements for the future. Will you need an additional car space or maybe room for a boat? Plan for this in your new rebuild by scaling up the size of the garage or redesigning the entry points to ensure sufficient access.
If your land has a great outlook, then seriously think about building a two storey home to capitalise on the views and significantly increase the value of your property.
The bottom line is, plan ahead ahead for your lifestyle while finding ways to keep the value in your new home. It may be worth investing a little more now to reap the benefits in the future.
3 - Understanding the limitations of your site
If you’re considering a knock down and rebuild, there’s a good chance the land you own is of high value - that’s why you want to keep it. Even if it’s a wonderful block in in much sought after area, it may still have some limitations which need to be taken into account.
For example, battle-axe blocks can be notoriously difficult to build on and pose a real challenge in terms of truck access while steep sites may require some excavation work. If it’s a small block, building to the boundary line should be considered in order to achieve the most efficient use of your land.
The size and orientation of your block will also play an important part in influencing how your new home can be built. It’s ideal to get north-easterly and/or northern sunlight into the living areas of your home to allow for cooling breezes. However, this may not be feasible on your block.
All blocks will pose some kind of challenge when it comes to building. A professional designer can plan around any limitations your block poses, so your home design really works for your land. An experienced builder will be able to work with you to overcome as many of these restrictions as possible when planning your knock down and rebuild.
Depending on your location, your land may be impacted by local council controls, such as easements, overlays and covenants.
For example, if your land is located in a Heritage overlay area, there may be restrictions on the size and style of house you are permitted to build. Some older suburbs have a height restriction of 8.5m. In some areas, this is not an issue and you can build up to four stories high.
Other council restrictions and codes can include:
It may sound a bit daunting, but an experienced builder will know any council restrictions in your area that could impact on your new house build.
Design 360 will take the stress out of designing your new home. We’ll help you create a beautiful custom home design so you can hire a builder of your choice to construct it. We’ll walk you through the design and certification phase of your knock down and rebuild to create a home that’s perfect for you now and into the future.
Once you’re happy that your plans perfectly match your vision, you can take a virtual walk through your new home at our head office in North Lakes. Using the latest technology your plans are projected onto the floor of our custom-built studio on a 1:1 scale. Experience what your home will look and feel like and make any adjustments to the plan real time!