Generally, the value of this premium land has increased substantially in recent years across Sydney and regional NSW. These areas have become more and more desirable. This means the homes are often worth little more than the value of the land.
In these circumstances it makes financial sense to rebuild and change your home rather than move and change your address. The effect on your family is always transformational. You will retain a great established lifestyle and improve the value of your property. A knock down rebuild is when homeowners arrange to knock down their existing home and build a new house on their land, instead of renovating parts of their home or moving to a new location. This gives you the best of both worlds - the home of your dreams in the neighbourhood you cherish.
A perfect option for those who love where they live but feel as though their home is rundown, or no longer suits their lifestyle. It makes sense for families to knock down and rebuild, rather than moving - especially since vacant land is difficult to find in many urban areas. Many people are surprised to learn that major renovations can cost around ten per cent more than knock down rebuild projects. Rebuilding from scratch is often more cost-effective than renovating your home, when you consider the dollar cost per square metre.
Considerable savings occur with bundle work and the bulk ordering of materials. Your home is too small for your growing family Multiple rooms need renovating You desire a modern and contemporary house You love the location but not the home Can be more affordable than a brand new purchase.
Step 1 - initial enquiry: Our consultant meets with you to discuss how this all works. We can also visit the site to give you an idea of any unforeseen issues. They make sure the facade delivers your desired outcome. There are no hidden surprises.
Step 4 - council and statutory approvals: If the tender is accepted, we then prepare all documentation for council development approval and construction approval.
We also: Handle all the required engineering Conduct the energy assessment Pay the homeowners warranty insurance Create a full HIA building contract that outlines the payment timeframes, our responsibilities and your rights.
Step 5 - colour selection and finishes: This is normally done while awaiting the council permits. There are many benefits to a knock down rebuild, but you might be wondering how this option compares to moving house or even undergoing a major renovation. Here are just some of the many reasons why a knock down rebuild in Sydney, Newcastle or Central Coast could be for you:. A common concern when renovating is the unknown costs that may arise throughout the project.
Quite often, renovations end up costing twice as much as what was first anticipated as new problems are uncovered when the project begins. If you choose to knock down and rebuild with an experienced builder like Montgomery Homes, we'll conduct an in-depth site analysis, prior to any down payments, to determine the costs to knock down and rebuild a brand new home.
On average, a Knock Down Rebuild costs two to three times less than a major renovation. And the benefit of knocking down and starting again is you get to customise everything you've always wanted, from better insultation, a bigger kitchen, to that extra bathroom.
Once you have made the decision to knock down your current house, Montgomery Homes will be there to guide you through the entire process step-by-step, to reduce the risk of the rebuild becoming a stress. Here is a summary of the knockdown rebuild process:. STEP 1 Our construction team will visit your existing property to conduct a free site inspection.
STEP 2 Next we'll present you with a detailed tender covering all the costs to build your dream home. Once approved, you can start organising quotes for the demolition of your current house. STEP 5 Demolition can take up to four weeks to complete. In this time, we will obtain the construction certificate for your new home and prepare the final documents. STEP 6 Approve final tender and sign contracts. STEP 7 Construction commences. STEP 8 Move in! We understand home building can be a complex and confusing journey.
Most Australian homeowners strive to increase the value of their largest asset and gain more equity in their home. In recent years, land prices have increased considerably and made it more attractive to stay put and enhance your home in your existing location rather than find another home or new block of land. If your home is aging and you are looking to increase its value, there are two options: you can either undertake an extensive renovation or knock down and rebuild on your existing site.
Some people find it overwhelming searching for a home in a reputable neighbourhood. It can be stressful trying to find a home for the right price and competing with our homebuyers. Often it is more feasible to keep your current neighbours and rebuild on your site. Demolition needs to be arranged by the owner and this process can take up to four weeks to complete. While demolition takes place, Montgomery Homes will obtain the construction certificate and prepare the final documents for your new home build.
Make sure to find a licensed and insured demolition contractor to facilitate the demolition of your current house and to remove all the relevant materials, debris, trees, and roots. If required, we can suggest demolition companies in Newcastle, Hunter, Central Coast, and Sydney regions. Once you have researched and engaged a demolition company to knock down your house, there are several items required to get the site ready, such as the removal of building materials, trees and roots, existing pools, and capping off the sewer.
On average, a major renovation is more than double the cost of a knock down rebuild per square metre. The cost to have your house demolished can differ depending on the size of the house, volume of material, if asbestos needs to be removed, and if there are any established trees or pools on the property. At Montgomery Homes, we provide a free tender quote so you will know all knock down rebuild costs upfront before making a decision or placing a deposit.
Clients who have completed a knock down and rebuild with Montgomery Homes have said it was the best decision they have made financially. Ask us about putting you in touch with recent knock down rebuild clients to hear their experience first-hand. A major renovation can end up costing more than double per square metre when compared to a knock down rebuild.
You can enjoy peace of mind that if anything goes wrong in your new home you'll be covered - something you won't be able to enjoy should you buy an old house or existing property. Here's a basic overview of what our hassle-free process will look like for you, and what our specialist team will support you with:. Select your home design It starts with the fun part — choosing your dream home!
You can make a shortlist by browsing through our home designs and checking out photos and 3D Virtual Tours. Next, head out to our display centres where New Home Advisors will help with any questions you have about the designs and possible floor plan configurations.
Council approvals After choosing your dream home design, we'll review your title, local planning laws, overlays and the existing physical conditions of the block to ensure the proposal has the best possible chance of being approved.
We'll talk to your local council, so you don't have to. Surveys and testing We'll then run soil tests and site surveys to finalise the site assessment, and chart possible 'limitations'. Examples of what we would consider limitations are things like the slope of your land or access to services. Preliminary contract and planning Once we run through the findings together and you're happy to proceed, we will organise your preliminary contract.
Here, we present your home plans and itemised costs with all the upgrades and changes you have discussed with your New Home Advisor including your site costs. Fixtures and fittings You'll head into Metricon's Studio M , our design and selection studio, where our exterior and interior design consultants will help you choose colours, finishes and fixtures for your home from the extensive customisation options available.
We'll organise for an electrical consultant to meet with you to discuss your home's lighting, power points and electrical layout. Final contract signing Once your plans are approved, we can establish the final costs of your home. With that complete, you can sign the building contract! Building permit We're almost ready to go! Our KnockDown ReBuild team will apply for your permit and seek building approval so we can get to work! Demolition Metricon do not demolish your home.
If this is you, it makes sense to take advantage of your strong equity and stay in the same locale, with your new home building capital value. By submitting this form you are consenting to receive marketing communications from Boutique Homes in future, on the understanding that you have read and agree to our Privacy and Data Collection Statement and that you can opt-out at any time.
Sira and William made sure to do their research before finding the perfect home. Randel and Anita couldn't bare leaving their existing community, so they decided to Knockdown Rebuild with the Newport 27 now the Oslo For Renee, a knockdown rebuild made sense financially.
Posted November 11 in Townhomes. Open for a limited time Posted November 8 in Dual Occupancy. A convenient way to supercharge your investment, dual occupancy involves building multiple Our New Homes Consultants would love to help you on your new home journey.
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