It’s a choice that many developers, investors and families find themselves making. When extensive improvements need to be made but the structure presents limitations and potential risks, they find themselves asking… should I renovate or should I detonate? For many, to demolish and rebuild your home may seem like an extreme solution. After all, we do have a lot of emotional attachment to our homes, and the idea of destroying and rebuilding a new home might not even occur to you if you’ve grown to love the old place. We have a tendency to look at the past with rose tinted glasses at times when we should be looking forward to the promise of the future.
If you can curb your nostalgia and look to the future, you might just see the advantages of rebuilding your home rather than renovating it. To assist you with this enormous decision, we’ve composed a list of reasons why you should rebuild your home and how it can benefit you in the long term.
1. It May Well Be Cheaper
Believe it or not, a knock down and rebuild can be up to 30-40% cheaper than carrying out extensive renovations. The costs associated with renovating a home are subject to much higher GST than the costs associated with rebuilding. What’s more, a newly rebuilt home will likely be more profitable and cost effective in the long run as you won’t have to worry about your fixtures, fittings and infrastructure being slowly eroded by time.
2. You Can Build Your Dream House Rather Than Settling
When you move into a home, you’re moving into something that’s either been built to cater to someone else’s vision or a mass produced unit that’s designed for a large audience at the expense of character. In either case, there’s an element of settling that comes with your old home.
When you rebuild your home, however, you can build your dream house to your exact specifications rather than having to settle.
3. Rest Assured That Your New Home Is Safer Than Your Old Home Ever Was
Because your new home is built in accordance with the latest building codes and constructed to the highest standards, you have the peace of mind that comes from knowing that your new home is safe and secure.
4. Grow Your Investment
The limitations and frustrations of your old property could not only make it harder for you to sell up later on down the line, they can also place a cap on your ROI. While you may have no plans to move any time soon, a rebuilt home can grow your investment much more effectively, as well as ensuring that you get the price you want when the time eventually comes to sell up.
5. There’s Nothing Like Moving Into A New Home That’s 100% Yours
The final reason on our list won’t be apparent to you until you first move into your newly rebuilt home. When you get that indescribable feeling that you’re settling into a property that is completely unique and 100% yours. Believe us when we say that your future self will thank you for that feeling!
If you are ready to take the next step to rebuilding your home, get in touch with our team today and let’s start building.