There are many reasons why you may choose to start afresh and knock down your existing home – so you can rebuild your dream home – rather than upsize or downsize into an existing property:
You’ve already found a great neighbourhood. Why move? You love where you live – you and your kids have built up a network of friends over many years, you have family nearby, you don’t want to make your kids move schools, it’s convenient for work, or your current address simply suits your lifestyle perfectly. You couldn’t imagine living anywhere else.
While you may get a good return if you sold your current home, the cost to buy where you want to live is just too excessive.
You simply may not want to go through the stress and sleepless nights of the process to buy a new place and sell your existing place – let alone trying to time it so you can buy your ideal property as well as maximise the sale price of your current home.
You’re unsure about the short term outlook of the property market – you know it will continue to be a fantastic appreciating asset over the long term, but you just don’t know if right now is the time to buy or sell (or both!). It’s just too uncertain.
Even though you may not want to face real estate agents and auctions, you still may need to refresh your living space after many years in your current home. If you need to renovate and update your fixtures and fittings, it’s not such a huge leap to decide to start new with a clean slate.
Whether you’re upsizing to accommodate a growing family, or downsizing to make the most of your new lifestyle without kids, most people ultimately decide to knock down and rebuild because they want to create their dream home from the beginning. The opportunity to design and build the perfect home that will suit your lifestyle both now and for many years to come is incredibly attractive. Rarely will an existing home be able to match the design, features, fixtures and fittings of a place that you design and build yourself.
We’re here to help!
Whether you’ve built before or this is your first construction project, our Knock Down Rebuild team are here to guide you through the entire process. Starting with an initial consultation where we’ll discuss your vision and budget, assess your land and consider council and planning requirements, a Knock Down Rebuild Consultant will be with you every step of the way – from choosing your new home design to demolition and lodging building permits to selecting floorplan, facade and finishes.
The information contained in this article is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Fairhaven Homes recommends that you consider whether it is appropriate for your circumstances and that you seek independent legal, financial, and taxation advice before acting on any information in this article.