The rising popularity of DIY TV renovation shows are convincing those who own homes that a quick and easy renovation will solve their lack of space issues. And add value to their home.
However, a lot of people don’t realise that renovations are not the only option.
Managing Director of Home Impact, Sam Kapoulas says “Knocking down an older property and rebuilding can actually be more cost effective as it allows the freedom of designing exactly according to the needs of your family. A complete rebuild can take advantage of your investment in the land, and provide a structure that is ready for the next 50 years.”
If you love where you live, but are just looking for a cost effective option for expanding your home, it may well be worth exploring a rebuild option.
Why should you consider a rebuild?
Renovations can be more complex and as a result more expensive. There are often unforeseeable problems that may arise along the way as opposed to a new build where you are more likely to have a ‘fixed’ price and a more straightforward project.
A knockdown also offers fresh new foundations which are customised exactly to your needs, the inclusion of more energy efficient elements and less susceptibility to termites. You can also create a more efficient use of space in your home meaning a knockdown and rebuild option may be more suited to your needs.
Con Mihas, Construction Director at Home Impact says “Having extensive experience in both extensions and new homes, I can confidently say that renovators will often pay more for tradespeople due to the unexpected challenges that often emerge when walls are removed and floorboards pulled up.”
Many people don’t realise that it can work out to be much more affordable and timely to choose a full knock down and rebuild. As it’s much harder to get a fixed-price contract when you renovate.
“If you have an old house with significant structural issues or rising damp or it’s functionally obsolete, then you would have to question whether you want to overcapitalise the building” Mihas says.
Do your homework first, research and reach out to certified builders and create a timeline of the process and budget. Think outside the box and consider using a design and build company as they offer a more streamlined service and the benefit of having architect and builders closely collaborating from the early stages. It also eliminates the headache of tendering and running around.
Building a new home is one of the most important decisions you can make in your family’s life. Making sure you have the right people driving the ship is crucial to success.
If you’re ready to embark on that big project you’ve thinking about, why not give us a call to see how our team can work together to bring your dream home into fruition. With fast council approvals and proven track record in delivering on time and on budget, we are certain that Home Impact is the right choice for you.