Knockdown and Rebuild Your Dream in Melbourne

By knocking down and rebuilding a new home or adding another dwelling on your allotment it give you the chance to build the home of your dreams. Avoiding large costs because the sale of the second home will in most cases pay for your new one.
 

Unleash the equity in your home with a knockdown rebuild!!!

If you are ticking most of the boxes below you could be the prefect candidate for a knockdown rebuild. Many older homes bought 25 to 30 years ago have been paid off by their owners and are situated on large allotment over 680 m2.
 

Same street new house

Decades may have passed, and the property you’ve been calling home for a long time may no longer be as functional as it used to be. Its structural integrity may have degraded and the design will more than likely be out of date. Maintenance is usually high, it can be the wrong size for your needs. If you are looking at staying in the same area but wanting a different home, then you are a perfect candidate for a knockdown rebuild in Melbourne.
 

Build two get one free

Knockdown and rebuild developments are all about letting you live in a tailored home without the need to move into a new location. Berstan are able to build you a single new home or maybe several new homes on the same lot, enabling you to keep one for yourself and rent out or sell the others. By knocking down and rebuilding a new home then adding another dwelling to your allotment you get the home you want, without the costs because the sale of the second home will in most cases pay for your new one.

An affordable knockdown rebuild is not only a great project that allows you to have your dream house built on the same lot, but it helps you save significant amounts of money.

If your looking for a knockdown rebuild in Melbourne Berstan Homes is the perfect company to assist you through the process. With more than 30 years building experience, building hundreds of homes and our vast expertise and background in knock down and rebuild projects, you can rest assured that we will optimise your build.

The great advantages of going for a knockdown rebuild in Melbourne include:

• Brand new home on the same address
• No maintenance
• New home warranties
• Less garden to maintain
• Councils are in most cases in favor due to increased rates without having to spend any extra funding on infrastructure
• Better utilization of land
• More energy efficient home
• Increases the value of your area
• Councils are in most cases in favor due to increased rates without having to spend any extra funding on infrastructure

The numbers explain why this is a cost-effective option:

• Knockdown rebuild your old home: only $13,500
• Build two new houses $540,000
• Sell one of the homes for $553,500 and the basic costs of a knock down rebuild are all covered

Entrust your new home building project in the hands of true experts in knock down rebuild homes. Knock down rebuild is definitely the smarter way to live for inner suburban Melbourne home owners

Are situated on large allotment over 680 M/2. Possibly a corner block with two street frontages. Homes that are 30 years plus are getting old in style. Maintenance of your home of this age is usually high. The home is probably to large for your current needs. If you are looking at staying in the same area and wanting a more tailored home that is what a knock down rebuild is all about.

Berstan are able to build you a single new home or maybe several new homes on the same lot, enabling you to keep one for yourself and rent out or sell the others.
 

What you need to consider

There are many factors to consider when looking at a knockdown rebuild I have listed some below for your reference.

What makes a good knockdown rebuild?

Many homes built in the pre 70s are significantly smaller than the modern family home of today, making them undesirable to many purchases without major renovation.
Major renovations are in most cases more expensive than a knockdown rebuild and you still have many sections of the old home which in time will still require more maintenance than the new.

How to find a perfect knockdown rebuild home

These homes are mostly located in the inner suburbs of Melbourne where available vacant land is virtually impossible to find making them a perfect candidate for a knockdown rebuild. Try to buy a home situated on a flat piece of land for ease of build and it will help keep your site costs down due to less excavation.

Worst home in the best Street is a common phrase used by knockdown rebuild thinkers, basically a good location and a house worth very little.

Location

Schools, shops, transport, public amenity, parks, sporting grounds, clubs, etc.

Local demographic

• Design is critical, always design for your market.
• I have an old saying of mine to remember (old legs don’t like stairs).
• Young ones need space to play.
• Research what is selling in the area?
• In some cases single level homes can sell better than a double story.
• No point building a large pair of homes in a small home Street.
• Look around the neighborhood and see what is being built which can be a good indicator to style and size of the new homes.
• Something to also remember if you have knockdown rebuilds happening in your area it will ease the planning process.
• Councils are generally very receptive to knockdown rebuilds due to the value added to the area and better usage of land within there municipal boundaries.
   

Marketing

Selling the new homes is an interesting topic with numerous options.
 

Selling off the plan?

Choose to sell off the plan meaning the property is sold prior to construction this is a safe option but sometimes will not provide the best price. People buying off the plan do not get to walk through the finished product, so an amount of trust is needed that the finishes are too the purchases standard. Also the purchaser will need to have an understanding of plans in regards to the functionality of the home.
 
Selling the new homes on completion is the way of usually attaining a higher price simply because the buyers can see the finishes and visualize the functionality of the new home.
 
Some sellers choose to have an each way bet and sell one of the new homes off the plan and the other at the completion of construction.
 

Agent or no agent?

Then there is the argument agent or no agent with most agents charging around 2.3% of the new home cost this is a significant amount of monies when multiplied over the two new homes.

If your new homes combined are around $1,200,000 your agent fees could be over $27,600 plus advertising costs.

 

To find out more about knockdown rebuilding your own home contact us today on 9841 9998.