Land in Canberra is hard to come by. While the idea of a knockdown rebuild can be a little daunting at first, the potential payoffs are huge.
If you’ve outgrown your home or in need of a change, knocking down your existing house and building a new one might be the right option for you. Not only can it be cheaper than moving or renovating, it also gives you the opportunity to stay in the neighbourhood you already love.
Cheaper than renovations per m2
It is usually cheaper per square metre to knockdown and rebuild when compared to a major renovation. This is because the materials and labour required to seamlessly join the new with the old can be more expensive. Timing and costs of renovations can also be harder to predict as there’s more room for nasty surprises.
A cheaper alternative to moving
When you knockdown and rebuild on your current site, there is no stamp duty, agent commissions or legal fees to be paid. The cost of moving can easily amount to tens of thousands of dollars.
The money you save can be spent on adding value to your beautiful new home.
Better for the earth and your back pocket
A new home affords you the luxury of the latest technology. Take advantage of smart, energy efficient home solutions that costs less to run and are better for the environment.
Make better use of your block
One of the most important aspects of building a home, is the orientation of the build. In Australia, the most popular orientation is a north-facing build. A north-facing property allows the sun to passively heat your home, helping you stay warmer in Canberra’s cold winter months.
Many older suburbs in Canberra have homes that simply haven’t considered the orientation of their block. As a result, they also tend to have extremely low Energy Efficiency Ratings (EER).