Knock down rebuild

Mark Bryson - Tuesday, July 26, 2016

What is a knock down rebuild? A very well asked question and can be simply answered, basically, the demolition of an existing house and building a new home. There are many reasons why home owners choose to knock down rebuild and this practice is really gaining momentum in Melbourne.

Choosing a knock down rebuild is often the most cost effective option over renovations of an existing home. Renovating a home in lieu of a knock down rebuild has many financial traps due to the unforeseen factors involved in renovating and most renovations have large cost blow outs. 

With a knock down rebuild you are able to achieve a complete fixed price cost without the costly surprises of a renovation.Being able to deal with existing design constraints is also a significant issue with a renovation option as a knock down rebuild every aspect of the new build is just that new. A knock down rebuild is also the best way to incorporate cost effective energy ratings as against a renovation where you are stuck with plenty of energy using elements that you cannot change.

Stamp duty savings are another reason you should consider a knock down rebuild over selling and buying another existing home. The average cost of stamp duty on a $900k existing home would be $51,381 and let face it what a waste of money.The average cost of demolition and pre-works for a knock down rebuild is around $40k that would save $11k you can put towards the new build cost.

We have clients that have chosen the knock down rebuild option in the following suburbs Croydon, Mooroolbark, Ringwood, Oakleigh, Pascoe Vale, Moonee Ponds, Templestowe, Ivanhoe, Bellfield, Vermont, Heidelberg, Bentleigh, Eltham, Doncaster, Wonga Park, Surrey Hills, Park Orchards, Warrandyte, Blackburn, Mitcham, Plenty, Lower Plenty, Bayswater, Oak Park, Essendon, Heathmont, Glen Waverly, Box Hill, Mont Albert, Balwyn, Forest Hill, Wantirna, Lower Templestowe, View Bank, Nunawading, Warranwood, Donvale, Cottles Bridge, East Doncaster,Seaford, Chelsea and Rosanna. The costs of the above knock down rebuilds range from $230k to $1.5Million and the new home sizes range from 20 s/q to 63s/q with a varied selection of designs.

Nearly all the knock down rebuilds above are custom designed with plenty of input by the clients with amazing results. The designs for the knock down rebuilds vary from conventional builds to the outstanding Florence51 a French provincial masterpiece.