Have you fallen out of love with your home? Did you spend the festive holiday dreaming of a bigger place with more room for your rapidly expanding family; or perhaps your current abode is just feeling a little dated or doesn't deliver on the lifestyle you want, or fails to make the most of the block?
If you answered yes to any of the above but are humming and hawing about following through on your dreams because of soaring property prices (and other factors), heading down the path of renovating could be a viable option. But let’s face it, that too is fraught with challenges and potential pitfalls (especially if you adopt the DIY approach). So, where to from here?
KnockDown Rebuild: A new home where the heart is
KnockDown Rebuild could be the perfect solution for you. That way you not only get to stay in the area you love, but you get to swap out your old home with a swish upgrade that delivers everything you want. It’s a whole lot less hassle than looking for somewhere new, and you might just save yourself a heap of money too. Land can be expensive (but you’ve already got that covered) and you won’t have to worry about stamp duty.
Why would I go for the bulldozer over a makeover?
It might seem like an extreme solution at first glance, but anyone who’s ever had home renovations done will tell you that it never goes as smoothly as you expected. Older homes tend to hide a bunch of unexpected secrets in their bones that can create all sorts of headaches and budget blowouts. The older they are, the more likely those headaches will show up unannounced.
If you start from scratch, you get to realise your dream home exactly as you imagine it, keeping the best of what you love locally and pairing it with a palace of your own making. You’ll know the total costs involved before you even begin, and the new build will come with Metricon’s Lifetime Structural Guarantee.
You’ll get to tap into inspiring design ideas from some of the best in the business and drop into Studio M to figure out all the finer details. Your brand new home can be kitted out with all the mod cons, and it will be way more energy efficient, bringing down your utility bills. All this, and it will age gracefully too.
Knocking down your home could actually make you money
Even if you are like Ariana Grande and say “thank u, next”, your old home could still earn some last-minute brownie points before the bulldozers arrive.
Even the most run-down home usually hides a few golden nuggets that can be cashed in and go on to live a second life elsewhere. Things like copper wire, bricks, kitchen appliances, roof tiles and window frames. They could earn you a pretty penny if you pop them for sale online, or you could call in a salvage specialist to offer you a price for the lot. In fact, some demolition companies will sort it all out for you, so you can save money on your budget with minimal fuss.
Plus there’s always the option of putting another home on the same block, possibly by building DualOcc. That could create space for increasingly independent teenagers or bring older relatives into the fold, or you could look for tenants to secure another income.
The extra cash in your pocket could go towards fancy furniture for your new-look home – why not sell the old unwanted sofa too? You can learn more about making the KnockDown Rebuild process work for you here.
Intrigued? Find out more about the KnockDown Rebuild process here. If you need more inspiration, follow the KnockDown Rebuild dream of two of our customers here or check out Liz Cantor's KnockDown Rebuild journey here.
It makes sense to seek independent financial advice if you’re considering knocking down and rebuilding your home. Then you can get in touch with one of our professional consultants here. They’ll guide you on everything you need to know.
