Knockdown rebuilds allow you to stay in the suburb you love – close to schools, gyms and freeways – all while building a brand-new home you love. What’s more, knocking down your current home and creating a new build can often be less expensive (and less stressful) than renovating. Plus, your brand new home will usually require less maintenance and provide better energy economy that the original homestead.
The cost of your knockdown rebuild will vary greatly depending on a range of factors, including location, the size of your property, the floorplan and facade you choose and the condition of your site.
The important thing is to find a builder who provides a comprehensive and transparent quote up front.
As many builders will drip feed additional costs rather than providing an upfront cost before you sign your contract. Sometimes, they’ll even take your deposit and take months before they realise that a knockdown rebuild isn’t viable on your block.
Your experienced Knockdown Rebuild Specialist will firstly work with you to understand the goals for your property and talk through your ideal design options.
The best Knockdown Rebuild Specialists will assist you in discovering a design that fulfills all your desires and requirements, but still suits your lot’s orientation and slope, the neighbouring property and other factors. This avoids expensive potential site works, building costs and disappointment down the track.
Many unforeseen knockdown rebuild costs are caused by a builder not doing their research. A qualified Site Assessor completes a thorough investigation of your particular block to help identify any potential hazards or issues up front. They’ll take into account powerlines, street access, trees and vegetation – anything that may impact your site works or build.
The assessor will then work with a in-house team to create an accurate allowance for site costs. This means you can work with your bank to ensure your loan amount is accurate, rather than covering unforeseen costs from your own pocket down the track.
After Site Assessment, your Knockdown Rebuild Specialist will present your Preliminary Works Contract (PWC) which contains all the information relating to your build. Once signed, this gives the team the go ahead to obtain all the preliminary reports needed to inform your demolition costs.
By the time you reach HIA contract stage, A good builder would have gathered all the information needed to convert your allowance figures into a fixed figure. Be careful as many builders don’t provide a fixed figure at HIA – their loose wording allows for a bunch of additional costs, sometimes after the original home has already been demolished.
demolition isn’t just removing the existing dwelling, you also need to consider traffic management, rubbish removal, permits and temporary fencing.
You may have to outsource your demolition as many build companies don’t offer it.
Too often, builders will deliver a quote that looks reasonable, but requires a wealth of expensive upgrades.
Make sure you are getting good value inclusions such as high ceilings, LVE appliances, Dulux paint, Caroma tapwear, Caesarstone benchtops.
Check if the knockdown rebuild contract doesn’t just include the build, it may also includes styling, a qualified Interior designers can help bring your vision to life, advising on colour palettes, finishes and products.
Your interior and exterior colour selections are one of the most exciting and important parts of your entire build, so it’s really important you build a rapport and trust with your designer. Check if your builder requires you to engage in an external provider or provides their own interior design team.
Another cost to consider is once the build is complete. Many builders offer just 90 days but that may not be enough for you.
Investigate how long is the service warranty provided by your builder is as well as how many years of structucal guarantee they offer.
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