Should I Construct a New Home or Opt for a Knock Down Rebuild?

With the emergence of numerous new suburbs around Canberra, the allure of a brand new home can be quite compelling. You might be tempted to purchase a plot in one of these new areas and put your current home up for sale.

However, the prospect of building a new home in a new suburb might not always be as appealing as it initially appears.

New suburbs can take a considerable amount of time to develop the character and ambiance typically associated with a "Canberra suburb". Therefore, before you decide to sell your current home, here are a few factors to consider:

• Do you genuinely like the new area?

• Will it bring you closer to or further from the CBD?

• What are the developmental plans for the new suburb?

• What sizes of plots are available?

• Will the stamp duty be significant? Remember, there's no stamp duty on a knock down rebuild.

• Can you purchase a plot that isn't tied to a builder you're unfamiliar with?

• Are you prepared to wait for the landscape to mature? New suburbs can appear barren for years.

• Can you tolerate the constant presence of tradespeople, construction noise, and dust as homes are built around you?

• Can you be certain of the view you'll have?

• Are you willing to wait for local amenities like shops, parks, playgrounds, and schools to be built?

There are many factors to consider, and it's crucial to take the time to explore all your options before making a decision. If a new area has piqued your interest, spend a considerable amount of time there. Thoroughly examine the development plans and available plots. Simulate your daily commute or a trip to the grocery store. Take a look at the surrounding suburbs.

If all these experiences make you fall in love with the new suburb even more, then building a new home might be the perfect option for you.

On the other hand, if you're not entirely convinced, it's worth considering how you might be able to modify your current home to suit your preferences for a newer design.

If you are interested in finding out more information on our Knockdown rebuild services please fill in the form and we will be sure to reach out to you to begin discussing your dream home!

Here are some Steps You Can Take Now.

If you're contemplating a future knock down rebuild of your existing home, you might assume there's nothing to be done at the moment. However, there are several steps you can take to prepare – some of which can be quite enjoyable!

Accelerate your path to a successful knock down rebuild by initiating these actions today:

Budget Planning

Start planning your budget for the rebuild. This includes not just the construction costs, but also the costs for temporary accommodation, storage, and any new furniture or appliances you'll need for the new home. Having a clear financial plan will help you avoid any surprises down the line.

Obtain DA Approval

Did you know that DA approval can last for two years? Even after this period, you might be able to request an extension. Given the frequent changes in planning fees and regulations, it might be beneficial to secure your approval now.

Research Building Materials

Use this time to research different building materials and technologies. Sustainability is a key concern in modern construction, so consider materials and systems that can improve energy efficiency, such as solar panels, insulation, or energy-efficient appliances.

Manage Trees Proactively

The removal or significant alteration of a large, established tree often requires an application to local authorities, even if it's on your property. In the ACT, regulated trees are typically 12m or higher, have a canopy 12m or wider, or have a trunk circumference of 1.5m or more, 1m above ground level. If you foresee not wanting a tree in the future, it's best to keep it pruned or remove it now.

Declutter

During the rebuilding process, you'll likely move into temporary accommodation and need to store some of your belongings. Start downsizing your storage requirements now by getting rid of anything you don't need.

Begin Planting New Trees and Plants

If you envision having large, beautiful trees or new plants in your future home's backyard, start planting them now! Trees can take years to establish and are usually much cheaper when they're only about a metre tall.

Consult with Professionals

Begin conversations with architects, builders, and interior designers. Even if you're not ready to start the project, discussing your ideas with professionals can provide valuable insights and help you refine your plans. They can also give you a better understanding of the timeline and potential challenges of a knock down rebuild project.

Avoid Replacements

If your hot water system or air conditioning unit is nearing the end of its lifespan, you wouldn't want to replace it right before demolishing your house! Stay on top of your appliances' maintenance schedules to avoid the dilemma of whether to replace or wait for your new home.

Save on Additions

If you're considering adding ducted heating but know it will be installed during your build, there are temporary measures you can take to keep warm. Purchase a cost-effective heater and keep windows and internal doors closed on cold days.

Experiment with Paint

Choosing paint colours can be challenging. Use your current home as a testing ground for different colours. If you don't like a colour, you can always paint over it. By the time you're picking paint colours for your new home, you'll know exactly what you want.

Repair

Seal cracks and use temporary fixes for parts of the house that are deteriorating. Even if you're planning to rebuild, it's important to maintain your current home to avoid being rushed into starting your new home before you're ready.

Contemplate Design

Don't waste your current time by delaying thoughts about your new home's design. If there's something you dislike about your current home, note it down. If you have a design inspiration, sketch it. It's crucial to remember all your preferences when the excitement of starting your build kicks in!