Getting Started /20.06.23
Why a Knockdown Rebuild may not work for you
Here’s what you should consider.
For those of us considering a knockdown rebuild, we generally have a motivating reason for change. Perhaps you've grown out of your house, or there are too many things that you'd like to change that you're weighing up the options of knocking down your home and starting again.
It’s a big decision and you want to get it right. So lets explore the reasons why perhaps a knock down rebuild (or KDR) may not be right for you and your block.
Your home already has a good structure and layout overall and you only need to make cosmetic changes to kitchens and bathrooms.
You’d prefer to save money by living in your home while you renovate even if that means you’ll have the stress of living in a renovation and longer build times.
If you live in a heritage home or the council has restrictions around knock down rebuild, house-to-land ratio, setbacks, planning or tree removal restrictions, it’s a good idea to know upfront.
If you’re unsure, it’s best to get advice from your local council. Or, by talking to a project home builder with proven experience, you can get guidance on the right questions to ask your council to make sure your block would be suitable.
Things to watch out for are: your home is on a busy major road, steep block, you live next to a busy school or commercial area, you live in a flood or bushfire prone area.
To help with this, if you choose an experienced builder, like Clarendon Homes, your block will be assessed to make sure it’s suitable.
While a knockdown rebuild can cost significantly less than a large-scale renovation, you’ll still need to factor in the same rental costs.
You’ll need to move out of your existing home and rent for at least 12-18 months while your new home is being built, unless you can move in with family to save money.
You also need a budget contingency plan for additional costs, such as, landscaping, planning and approvals, service connections and building delays due to unforeseen circumstances like COVID and material shortages.
If this is you, it’s best to get advice from your bank or financial planner. You can also get financial advice from Clarendon Home’s experienced finance team so you can accurately consider your options.
There’s a lot to consider so to make your decision easier use the following 3 steps to assess your options.
Your next steps for deciding on a knock down rebuild:
Visit a display centre for inspiration so you can see for yourself what living in your dream home could feel like.
The first step is to get professional financial advice so you’re clear on what your choices are.
The benefit of choosing a project builder, like Clarendon Homes, is you have access to our finance team who can help you make a decision that works for you.
Ask questions about any concerns you have so you have the right information to make a well-informed decision before paying a deposit.
Wondering who to talk to? Start by talking to an experienced sales person at your local display centre.
At Clarendon Homes, we can help you with every step of the knockdown process so you’re never left to figure it out on your own. From financial advice to colour schemes and everything in between.
If you have questions about your unique situation and whether a knockdown rebuild will work for you, talk to our sales team or visit a display centre near you for inspiration and advice from our experts in knock down rebuild.