In real estate terms lifestyle has everything to do with location and layout. So if you’re set on living in an established, centrally located, coastal suburb – and in a brand new, expertly designed house – the answer is simple. Knock down. Build brand new.
There are many practical reasons as to why knockdown rebuild projects stack-up extremely well when pitched against a traditional renovation, as outlined in Savvy Investors Knockdown and Rebuild. These include increased equity, tax depreciation incentives, less maintenance, energy efficiencies and warranties. But making the most out of your time and money is just the beginning. Lifestyle is the real knockdown rebuild winner.
First, love your location
When building a new home one look at real estate ‘For Sale’ listings will often tell you there aren’t too many vacant plots of land available in your dream suburb. Instead homes labelled ‘renovator’s dream’ and ‘shows great potential’ fill up the page. While jumping into a full-scale renovation can sound romantic to some, unless you have deep pockets and a lot of time up your sleeve it isn’t going to be the most cost effective or quickest route to your dream home.
So with renovations off the list maybe a new estate is the answer? It’s true that new estates pop up all the time. Their streets are lined with modern, beautifully designed homes, which are built to high standards and are ready for you to move in. But the big question you need to answer is, ‘Are they really in the best location for you?’ Sometimes new estates are positioned really well, but often they are located in outer suburbs. The prime plots of land with highly sought-after views and boasting central locations are rarely found in new estates.
Realistically if you’re after a central location the property you fall in love with might already be home to a medium sized, tired and/or impractical dwelling. However, an experienced knockdown and rebuild specialist can quickly change that. A local builder with extensive experience in the knockdown rebuild business will take care of everything for you – council permissions, demolition and of course clearing the land – and then you’re ready to build just as if you bought an empty block of land in the first place. Smack bang in the suburb you want.
Australian coastal suburbs are proving hotbeds of knockdown rebuild activity. In particular, Sydney has gained a reputation for giving their coastal suburbs a modern facelift over the past several years. Old cottages have made way for ‘modern mansions’ built to maximise their block of land, increasing density and as such, increasing overall value – and now Newcastle is following suit.
“Street after street, house after house, from Bar Beach to Merewether and down to Dudley, homeowners are calling in the bulldozers.” Amanda Douglas, NBN News.
Layout and design – a fresh slate!
Once you have your suburb sorted then it’s all about maximising on this investment. Whatever it was that drew you to that location, capitalise on it. Basically it’s a case of ‘out with the old in with the new’, while embracing the property’s natural aspects. If there are stunning views then you need a design that embraces that. If there are a lot of large, shady trees you love, make sure you take advantage of them. If it’s balmy, long summer days you want to experience then maybe a swimming pool or alfresco entertaining area is what will help you realise your lifestyle ambitions.
Consider this, a few generations ago ‘open plan living’ didn’t even exist when floor plans were being drawn up – which is why it’s often wise to demolish that old, pokey house in the first place. Maybe you want an indoor/outdoor connection that didn’t exist in home design 60 years ago. Or a kitchen built to be more than just a place you keep the appliances, but a family hub and an easy entertainment space. New home design has come a long way in terms of maximising floor plans, as well as providing new homeowners with the latest features and energy efficiencies.
Plus, if you’ve gone to the added expense of securing a block of land in your preferred suburb for your family or investment portfolio, you will want the experience of living there to be more than just about the great location. You want your home to be comfortable, spacious, modern and inviting. Most knockdown rebuild specialists handle the entire process for you. After the knockdown has been taken care of they seamlessly continue into the building phase of the project, including carefully designing your brand new property.
Imagine the possibilities. Instead of being restricted by an existing slab your new home can quite literally be anything you want it to be. An experienced knockdown rebuild builder will design you a site-specific solution – be it a two-storey custom designed home or even a multi-unit development. Even better, their team of experts will take any novice or experienced builder through each step and facilitate the entire process – there will be nothing to worry about except moving in.
Jones Homes’ top 2 tips for getting started:
- Always do your research and only hand your money over to a builder with a proven track record of success.
- Make sure the suburb you choose lives up to your expectations by spending some time there if possible – by doing that you’ll get a real feel of the place and also see what other people are building in the area. It’s easy to see what is and isn’t working when it is right in front of you.
Knocking down an existing home to build a new property in a highly valued suburb is a great opportunity for regular Australian families and investors alike. If you’re ready to start a knockdown rebuild journey or simply want to get some questions answered we’re more than happy to share our expertise – simply get in touch with the Jones Homes team.