Is it time to invest in your property with a knock down rebuild?
The Urban Development Institute of Australia (UDIA) recently released a report stating that Greater Sydney is facing a severe shortage of greenfield land for residential development that will blow out to an undersupply of more than 25,600 sites by 2030.
The shortage of land in the Sydney greater metropolitan area will only serve to make knock down rebuild (KDR) housing projects more attractive for homeowners.
There are also several other advantages of a KDR project, including staying in a community you know and love, cost savings, and building a home that suits your specific needs.
Stay in a community you know and love
You really can’t underestimate the importance of feeling like a part of a local community. You’ve made connections with key services, like the local GP, shops, restaurants, and schools, and you and your family are surrounded by a support network of neighbours and friends.
If you love the area where you currently live, then the idea of selling and moving to a new address probably holds little appeal. It could mean you and other family members need to find a new job, perhaps a new school for your children, and even a new hairdresser. With a KDR project, you get a brand-new house andget to stay in familiar surroundings.
You really can’t underestimate the importance of feeling like a part of a local community.
By knocking down your existing home that probably isn’t serving your current living needs, and building a new dream home, you get the best of both worlds.
Save money with a knock down rebuild
Did you know that it can be cheaper, or about the same cost, to knock down and rebuild than to renovate? This is because a renovation is usually a one-off custom job. In many cases, you’ll uncover problems during the renovation that can also add to the cost, such as repairing major structural damage.
It can also be challenging sourcing the right kinds of materials or modernising an old house in terms of energy efficiency. This can make the project expensive, complicated, and labour intensive – and there’s a chance it’d be a fairly long-term undertaking. On the other hand, if you choose to build a brand new home on your existing land via a knock down rebuild (KDR) with a builder like ZAC Homes you’ll avoid all of those headaches. You’ll also avoid stamp duty, which you would have to pay if you sold your house and bought a new home.
Build a home that suits your needs
One of the best parts of a knock down rebuild project rather than a renovation is that you are given a blank canvas. You and your family can decide how many rooms you need, how they should be laid out, what you’d like the exterior to look like, what fixtures and fittings you’d like, and much more.
At ZAC Homes, we make the journey of building your new home as fun and exciting as possible.
Working with an experienced builder like ZAC Homes that guides you through the process from start to finish means you don’t have to become a building expert, but you get to make choices. You will have the freedom to create your home exactly how you want it, including designing that perfect kitchen just for you.
With a renovation, you have to work around your home’s existing structure, which often involves a level of creative compromise to satisfy your budget. Starting afresh means less compromise and more options, in terms of both size and style.
ZAC Homes: Trust, respect, integrity, and pride
At ZAC Homes, we pride ourselves on our exceptional customer service and make the journey of building your new home as fun and exciting as possible. Our core values are trust, respect, integrity, and pride, all of which we aim to live up to every day for every client we partner with.
Call us on 1300 350 793 or send us an online enquiry and our team will work with you to design and build your dream home.