Which is Cheaper, Renovating Your Home or Knocking Down and Rebuilding?

Renovating Your Home or Knocking Down

Deciding between renovating your current home or knocking it down and rebuilding all together is a big decision. While renovating may seem less intimidating, it can actually end up costing more money and time than knocking down and starting fresh.

Doing your research, talking to different builders and getting a general idea of what’s best for not only your home, but also your family is very important. If you are weighing your options, consider getting plans done to help you formulate a better idea of what each option would entail. It’s difficult to say definitively which is cheaper, considering the cost largely depends on what kind of work you are looking to get done.

Before deciding on rebuilding or renovating, do the following to better assess your options:

Compare the costs

Firstly, you should evaluate what you are willing to spend. If you are planning a renovation with extensive structural changes or one that involves many different rooms of your home, you may want to consider starting from scratch.

Depending on the builders you choose, a brand new single-storey home can cost anywhere from $200,000 to $250,000 to build. Generally speaking, a full house renovation could run you almost double. Obviously, if you are looking to just remodel the kitchen and bathrooms, then a reno may be less costly than knocking down your entire house.

Consider your home and block

 It’s important to consider the structure as well as the history of your home. If your house is on its last legs and will likely require structural changes to be made during the renovation process, it may end up costing you far more money to make these changes than to rebuild new.

 However, if your home is a character building with rustic timber floors and detailed crown mouldings, you may want to consider a renovation instead to ensure none of that historic charm is lost. It may end up costing more but preserving a heritage home can yield breathtaking results and returns on investment.

 Before making a decision, you will also want to evaluate the block your house is situated on and the neighbourhood you live in. It is much easier to build a new home on land that is flat than land that slopes down or is uneven. Each council also has planning laws that differ slightly, such as bushfire zones and heritage overlays, that may affect the changes you can legally make to your home. Find out what these are before you choose to rebuild or renovate as they could change your decision.

Evaluate your commitment

Making changes to your home, big or small, require a large amount of patience. Understanding where you and your family stand on the matter is important and is definitely a decision you must make together. Working full-time or raising a family can be challenging with builders in and out of the house for long periods of time. This is something you must consider before committing to a renovation.

If you plan to knock down and rebuild, you will likely need to find alternative accommodations during this time. Depending on the size of the renovation, temporary relocation may also be required. This is a costly consideration you must also make.

At Achieve Homes, we take the stress out of knocking down and rebuilding. Talk to us and learn more about how we can help you build through our efficient quote and build service

Related Items

+

Who Chooses A Knock Down Rebuild?

+

Why do Australians love knockdown rebuilds?

+

Knockdown Rebuild: What’s the Process?

REQUEST A CALLBACK

  • Emma & Alex / Googong

    Our valued customers, Emma & Alex just moved into their brand new home in Googong, NSW. Check out what they had to say about their...
    Read more
  • Kerri / Googong

    Check out what our lovely client, Kerri had to say about why she decided to build a new home in Googong instead of buying an...
    Read more
  • TANIA & DANIEL / SCULLIN

    We recently checked in with our valued clients, Tania & Daniel, at their brand new home in Scullin, ACT. Take a listen to what they...
    Read more
  • Kate / Holt

    We recently caught up with our valued client, Kate, at her brand new home in Holt, ACT. Take a look at what she had to...
    Read more
  • Anita & Ram / Throsby

    Anita & Ram have just moved into their new home in Throsby, ACT. We popped in to see how they're finding their brand new home.
    Read more
  • Tristan / Googong

    Tristan just moved into his new home in Googong, NSW. We dropped in to see how he's finding the new home.
    Read more

LATEST NEWS

Knockdown Rebuild: The Solution to Your Family Home in Melbourne

Knockdown and rebuild, as it is becoming increasingly popular, allows you or anyone to design a new home by bringing down an already existing structure,...

Read More

Tips from an expert Canberra Builder on How to Choose the Right House and Land Package

Choosing the right house and land package within Canberra can be overwhelming, particularly for new home buyers, and there are a range of factors you...

Read More

How to Make Your New Home in Canberra Your Forever Home ?

A forever home like the name implies is a home that is intended by the occupant or owner to last him or her a very...

Read More

Our Awards

  • HIA ACT & SOUTHERN NSW REGION AFFORDABLE HOME

  • JUDGES RECOMMENDATION FOR WORK HEALTH & SAFETY

  • HIA ACT & SOUTHERN NSW TOWNHOUSE/VILLA DEVELOPMENT OF THE YEAR – LAWSON

  • HIA (ACT) AFFORDABLE HOUSING

  • HIA (ACT) PROFESSIONAL MEDIUM BUILDER/RENOVATOR

  • MBA (ACT) PROJECT HOMES – LESS THAN $300,000

Achieve Homes is a home building company that has become one of the most trusted builders in the industry operating in Canberra, surrounding NSW region and Melbourne. We have been operating since 2008 and understand what our customers want.

Keep in touch

Contact

Address
15/9 Beaconsfield Street
Fyshwick, ACT 2609

9/20 Graduate Road
Bundoora, VIC 3083

Phone
1300 234 432

ABN 31 137 872 014
ACT BL No 2009645
NSW BL No 224797C
VIC ABN 41 608 214 375
VIC BL No CDB-U 61982

© 2019 Achieve Homes All Rights Reserved | Site Created By 23 Creative