Building a new house or selecting one from the catalog of a builder often seems the way to go when a decision has to be made about your home. It is one of the several options available to homeowners. So when the time comes to take a call, do you renovate the existing home or knock it down and rebuild it? Both options do have its own merits, but when you compare the pros and cons, in most cases it is better, in the long run, to knock down the old house and build a brand new one in its place.
With land prices appreciating considerably in and around cities as well as a general shortage of good locations or sites for constructing your dream home, the option to knock down and rebuild has suddenly caught on and more and more families are opting in its favor. You’ve probably heard a lot of horror stories about the troubles that families have had to endure when workmen take over their house during a home renovation project. Some of them include the fact that these projects don’t have a fixed time frame, schedules and promises are often broken and your initial budget could take a beating. Then there could be unforeseen circumstances which could delay the work even more. However, you won’t have to worry about these issues, if you decide to demolish your old home and start afresh. Here you are presented with a clean slate and you have the perfect opportunity to construct your dream home.
Energy Efficient Homes
One of the biggest advantages of going with the knock down and rebuild route is that you have the option to incorporate the latest energy efficient ideas in your project. You can insist on using state-of-the-art technology and family-friendly innovations when it comes to kitchen and home appliances, heating, air-conditioning as well as the latest in construction techniques. Many of the builders now incorporate energy efficient products into the home, such as the best insulation materials, solar panels for electricity generation, rainwater harvesting, energy-saving windows, and glass panes, and good security. Further, you can now incorporate your own concepts and designs to make your lifestyle more comfortable.
You can pick experienced and professional builders to carry out any knockdown and rebuilding projects in many of newest and finest suburbs.
The costs of maintaining a home always seem to rise as a home gets older. There may also come a time when your home may seem outdated in terms of your taste. There may be additions to the family that warrant more space. One choice you can make is to sell the house and move on. However, if you are comfortable with your neighbourhood and don’t want the hassles of moving, you can choose to knock down and rebuild. One of the biggest benefits is you don’t have to be worry about selling your property in a sluggish market.
More room for improvement
Very often knockdown and rebuild can work out to be much cheaper than buying a new home. Besides, it can be a very rewarding and satisfying experience as you get to style your new home to suit your needs best. An extra bedroom for your kids or a study room can make a world of difference with the prospects of more storage space. Your architect and builder can help design your home from scratch while you also get to retain your land and the same neighbourhood you are familiar with. In addition, the kids don’t have to give up their school and friends to move to a new one. Regular inspections are all it takes to make sure that the knock down and rebuild process is on track. Making a few last minute alterations may also be possible.
Avoid costly expenses on modifications
Renovations can prove costly while you are still bound by the basic layout of your home. Very often, renovating one area leads to unexpected damage and expenses on other parts of your home, which increases the overall costs of renovation. With a knockdown and rebuild you are guaranteed to a brand new home with additional warranties, thereby reducing costs. If your existing house is small you can design a new framework with more space. On the other hand, it’s easy to downsize if your house is too large. Floor plans are easy to design when you start from scratch.
Build a new, green home
Once you have contracted the right builder and have the right design there is no room for any extra surprise expenses. For the most part, there is not many simpler ways to acquire a dream home. Another major benefit is you get to rebuild a green, more energy efficient home than your existing framework. Procuring a construction loan to fund your new home is easy as well. After an assessment your lender will ask for a copy of the council approval plans and a fixed price contract from your licensed and insured builder. Once the loan is approved, you need to submit invoices to your lender as the construction progresses. Payments are made to the builder only after your lender’s independent expert approves of the progress, which guarantees that the work is moving as per plan. That is obviously one of the biggest advantages of a knock down and rebuild