It’s a scenario that many people find themselves in… you love where you live but aren’t in love with your house. You may have outgrown it or you have bought an existing property that needs a lot of work.
While selling up and moving house can result in a significant change to your lifestyle (and a substantial change to your bank account once you pay real estate agents and stamp duty), a custom designed knockdown rebuild might be the answer to your dream home as it allows you to stay in the suburb you know and love.
There are a number of benefits to knocking down your old home and rebuilding including:
- You can custom design your dream home to suit you and your lifestyle.
- You have full control over what you want in your new home, rather than choosing from set designs which you can’t (or a builder won’t!) customise.
- The ability to build your dream home in a location you are familiar with and stay close to your friends and family.
- A knock down rebuild allows you to retain the value of the land, which appreciates over time, especially in Melbourne!
- You will save on real estate agents fees (typically between 1.5% and 2.5% + marketing fees) along with Stamp Duty and conveyancing fees. For example, if you were to sell a property worth $1M, you would need to pay around $15,000 – $25,000 in agents fees plus marketing which is typically in the vicinity of $5,000 – $8,000. Then when you buy your next property worth $1.5m, your stamp duty will be around $82,000. You are looking at in excess of $100,000 just to move house, and that excludes conveyancing and moving fees!
- You can knockdown/rebuild at a time that suits you, rather than spending time trying to find your dream home and negotiate settlement terms.
At Sherbrooke Design and Construction, we take the stress out of knockdown rebuilds and look after you every step of the way by providing a complete architectural design and construction service. We arrange your project from concept to completion, removing the need for you to find your own demolition company, organise associated permits and deal with town planning which is required by a lot of other builders.
So how does the process work once you’ve made the decision to knockdown and rebuild a custom designed home with Sherbrooke Design and Construction?
At Sherbrooke Design and Construction, we can help you build the perfect home for your family without leaving your current neighbourhood. Call us on 03 9594 8400 to find out how we can help you design and build a custom home you will love.
