Why knock down rebuild instead of renovating
Are you thinking about upgrading from your home, but don’t wish to leave the neighbourhood you love? Perhaps you’ve considered the option of substantially renovating your current home and wondered if it would be easier to knock down and rebuild. In the following blog, we’ll explain the benefits of knock down rebuilds vs renovations to help you start the journey to the new home of your dreams.
Save money with a new build
When renovating an existing home, you’re mostly restricted to the floorplan and slab size of the house, making it difficult and costly to change the layout. A knock down rebuild project can be more cost effective than substantially renovating an old home or working with an architect directly. Plus, a new home build will save you money on stamp duty vs purchasing a new existing home!
Innovatively designed homes
With most older homes having an outdated floorplan, your best bet is to start afresh with a knock down rebuild. This will allow you to have that free-flowing open plan design you see in most newer homes. Better yet, Coral Homes’ innovative plans have been created by our designers to perfectly suit the needs of most block sizes and modern family requirements.
A good investment
Did you know that a Knock Down Rebuild home can be a great investment? Building a brand new home in place of an older home could add value to your land, and may be cheaper than substantially renovating your existing home. Choose to knock down rebuild with Coral Homes and you’ll have a contemporary home build crafted by our team of designers, with resale and rental yield in mind.
Utilise your block for dual living
Allow your knock down rebuild project to be even more profitable when you build two homes on one block of land. Consider whether you’ll live in one home, rent the other, or sell one or both homes. At Coral, we’re experts in splitting blocks for dual living. Ask us about your options today.
Is a Knock Down Rebuild for you?
You’re a step closer to adding value to your land with a brand-new Coral home. Our friendly team is here to help you get started! If you have any questions or want to begin your Knock Down Rebuild journey, click here to book in an obligation-free chat today.
Disclaimer: Please note, this advice is general and does not consider your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your personal circumstances.