Knocking down and rebuilding - what should you know?
Tuesday, 31 May 2016 8:06 AM
When you buy a home, there's always something about it that draws you in. It could be the size of the bedrooms, a fabulous pool out the back or even the land metreage.
However, more and more Australians have been buying for a different reason - to knock down and rebuild.
This occurs when the value of the land outweighs the existing house that sits on it, or it's a piece of land that really calls out to you and you can't miss out owning it but can't stand the existing home. Teardowns.com suggests people are buying "buildable lots" to start fresh on, and that's where the process of designing your own home with G.J. Gardner Homes comes in.
What options are there for knocking down and rebuilding?
If you've got yourself a block of land, then you're already most of the way through the first step in the process. Demolishing a home can be costly and time-consuming, but if it's clearing the way for your dream home design, then it'll absolutely be worth it.
If there's nothing out there for families, rebuilding might just be the best option.
According to Domain Group, the delayed response of the government to release new land and cut property prices has led to many taking their next move into their own hands. When a family outgrows a smaller home, they may need to move on. If there's nothing out there for them, knocking down and rebuilding might just be the best option.
"There's a massive incentive to knock down and rebuild," said Kristin Brookfield, Housing Industry of Australia building and planning director.
You won't have to go through the stressful stages of selling and buying again, so you can also take the project at your own pace. Once you've decided, find your dream home with G.J. Gardner Homes' extensive catalogue of home designs that will suit you and your family.
Why is it a great option?
Aside from avoiding selling and buying, while juggling settlements and real estate agent fees, you'll be sure that your next home is the perfect option. With total control over the building and design stages, you don't have to scroll through pages and pages of available, already-built homes.
IBISWorld reports that home construction in Australia is worth $41 billion in annual revenue, so clearly Australians are finding building a new home a great choice.
If you're thinking about knocking down and rebuilding, get in touch with G.J. Gardner Homes to talk about what home designs will fit your needs perfectly.