Knock Down & Rebuild in Sydney – Modern Living in Your Ideal Location
Only on rare occasions do you find a house that is exactly how you want it. The most common scenario is that you have to settle for someone else’s design or invest time and resources into upgrading the structure to your taste.
The concept of “knock down and rebuild” is quickly gaining traction around our beautiful city, and this article will give you insights into what it is and why you should consider it for yourself.
Basically, it’s like starting with a clean slate. You find a piece of land in your dream neighbourhood, knock down any existing building, and design a brand-new home from scratch.
Instead of going through the hassle and expense of a renovation that might not get you exactly what you want, or the stress of moving to a new place, you could just start fresh on the block you already love with the help of custom home builders in Sydney.
Why is the Concept of Knock Down and Rebuild So Popular in Sydney?
Sydney residents are increasingly choosing to knock down and rebuild their homes for several reasons. Well, for starters, Sydney’s property market is HOT. Finding a home that ticks all your boxes can be a real financial challenge.
Instead of spending a fortune on a brand-new house, many people are opting to tear down their old place and build a fresh start right where they are.
Many people don’t want to leave their neighbourhoods. They love their local schools, shops, and community. Knock down and rebuild lets them stay where they are but with a home that fits their needs better.
Second, Sydney’s housing market is facing a shortage of affordable new homes. The number of houses being built just isn’t keeping up with the growing number of people who want to live there. Knock-down and rebuild projects are helping to fill that gap by letting people turn their existing land into their dream homes.
Those with older homes in Sydney are opting for knockdown and rebuild as it allows them to upgrade their aesthetics and energy efficiency and also reduce the cost of maintenance. It’s easier to include the latest techs and comforts in a structure when rebuilding from scratch.
Studies show that a modern, well-designed home in a popular area
can increase your property’s value significantly. For example, in some Sydney suburbs, new builds have increased property values by up to 20%. This means if they decide to sell later, they could get a much better price.
Why Choose Knock Down & Rebuild?
Here are the top benefits of building from scratch in Sydney:
Customisation and Personalisation
When you start with a blank canvas, you get to design every little detail yourself. You can choose the layout, the number of rooms, and even the type of flooring you want.
Let’s say you want a huge kitchen with a big island for family meals, you can make that happen. If you also prefer a cosy living room with lots of natural light? You’ve got it.
As you know, this level of customisation isn’t possible with buying an existing house or even doing a major renovation.
Location Benefits
Another fantastic reason to build from scratch is that you can stay in the location you love. If you’re already in a neighbourhood that’s close to work, schools, and amenities, why move away?
Building a new home on your existing land lets you enjoy all the benefits of a fresh start without having to leave your favourite neighbourhood where you’ve created so many memories over the years.
In Sydney, where property prices have been climbing steadily, staying put in a desirable location can save you a lot of hassle and expense. For example, in the past decade, property prices in Sydney have increased by over 130% in some areas, making it more expensive to buy a new home elsewhere.
Increased Property Value
Building a home from scratch can also be a smart investment. New homes often come with features and designs that make them more appealing to future buyers.
This means that when it’s time to sell, you could get a much higher return on your investment.
Energy Efficiency
New homes are built to be more energy-efficient. This means they use less energy to keep you comfortable, which helps save on your utility bills.
Modern homes often come with things like better insulation, double-glazed windows, and energy-efficient heating and cooling systems.
For example, installing solar panels on your new home can cut your electricity bills by up to $1,500 a year. Also, energy-efficient homes are better for the environment, which is something more and more people care about these days.
Building a new home gives you the chance to include these eco-friendly features right from the start.
Avoiding the Headaches of Renovations
Renovating an old house can be full of surprises. You might find outdated wiring, old plumbing, or even hidden structural problems that can make the process more complicated and expensive.
The cost of renovation in Australia depends on the size of the project, the materials you choose, and where your property is located. If you’re doing a big renovation, it can cost between $100,000 and $300,000. On average, people spend around $35,000 on renovations.
According to a report from Hipages, the average amount of renovations in Australia in 2020 was $21,000, with the top 10% spending up to $150,000. In 2021, the average went up to $30,000, and the top 10% spent up to $230,000. By 2022, the average spend increased to $35,000, and the top 10% spent around $200,000.
Also, costs can change a lot depending on what materials you use. For example, high-quality materials like granite or marble countertops can be quite pricey, costing between $200 and $700 per square metre.
Also, you should be ready for extra costs that might come up unexpectedly. Problems like old wiring, plumbing issues, or structural problems can add between $1,000 and $5,000 to your budget.
When you build a new home, you avoid these issues. You start fresh with a new structure, which means fewer surprises and a smoother process.
By building from scratch with the help of custom home builders, you know exactly what you’re getting into, and you can avoid the headaches that come with fixing up an old place.
The Downsides of Building From Scratch
While building a new home can give you exactly what you want, it also comes with some serious downsides. Here are a few of them:
Cost and Budget
One of the biggest downsides to building a new home from scratch is the cost. Right from the beginning, knocking down an old house and constructing a new one can be a big financial commitment. The initial expenses can be much higher than just renovating. You’ll need to budget for several things: demolishing the old building, designing the new one, obtaining permits, and the actual construction.
The cost of demolition alone can range between $10,000 and $25,000, depending on the size and location of the property. Add to that the costs for permits, which can vary widely but often run into thousands of dollars, and the overall price tag starts to climb.
Time-Consuming Process
Building a new house takes a lot of time. It’s not just about tearing down the old house and putting up a new one.
The whole process, from planning and getting approvals to actually building, can take anywhere from six months to two years. This timeline might be longer than just renovating your existing home.
Waiting this long to move into your new house can be frustrating, especially if your current place isn’t working for you.
Temporary Relocation
During the construction phase, you might need to find somewhere else to live. You might have to rent an apartment or stay with friends or family, which can be inconvenient and costly.
In Australia, renting a place while your house is being built can cost between $1,500 and $3,000 a month, depending on where you’re looking.
Paying for accommodation elsewhere on top of all the other costs can leave a huge dent in your pocket.
Why You Should Work with Experienced Home Builders
When you’re building a new home, you want to make sure you’re working with people who know what they’re doing. Experienced house and granny flat builders who understand the Sydney market are your best bet when it matters the most.
First, they know the Sydney market like the back of their hand. They’ve dealt with all kinds of rules and regulations, so they can handle the paperwork and get you the necessary approvals without you even having to think about it.
Second, they’re problem-solvers. If you have a crazy idea for your home, or if something unexpected pops up during construction, they’ve seen it all before. They know how to fix problems quickly and without causing a fuss.
They work with the best suppliers and subcontractors, and they know how to keep things moving smoothly.
Brickwood Homes is the perfect choice for your new home. We’re a young and energetic team with over 20 years of experience in building homes and granny flats. We’ve learned how to do things the right way, so you can trust us to deliver a quality home that you’ll love.
We invest in the latest tools and equipment to make sure your home is built to the highest standards. And because we treat our tradespeople well, we can offer you competitive pricing without sacrificing quality.
With all of that said, if you’re ready to build your dream home in Sydney, don’t hesitate to contact us today to schedule a consultation. We’ll help you bring your vision to life and make the entire process as smooth as possible. We can guarantee you this because we happen to be the best home builders in Sydney.
