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Knock down rebuild costs
When it comes to predicting the price of a knock down rebuild, this can vary depending on the type of land that is being demolished, which kind of house design you decide to build and whether your job requires any additional costs.
Drafting and Designs
The cost of your home design ultimately depends on the builder you choose and what house you have selected to build. On average, new built homes usually range from anywhere between $200,000 to $600,000 in Sydney. Usually, customised homes are more costly due to the resources and time spent on drafting up the design and adding in your inclusions. If you choose to go with a non customisable builder, then this usually factors in all your inclusions and the price is more likely to be lower.
Demolition
Many people underestimate how much demolition costs can vary. The price of demolition can sit anywhere between $10,000 - $50,000 depending on the size of the land and its location, the quality of the old house and whether there are many surrounding things to dispose. As home building experts, we always advise our clients to allow $40,000 for demolition costs just to be safe.
Site Costs
There’s a misconception that site costs and demolition costs are combined. Site costs are usually factored in by your builder after the demolition takes place and can range widely depending on the state and location of your land. On average, site costs can cost around $10,000 however can be tricky to determine with hidden and additional costs.
Considerations when deciding on a knock down rebuild builder
There are a range of factors that should be considered upon deciding to knock down and rebuild. Most people choose to rebuild because they love the location but the home is either worn or outdated, however, it’s important to take into account time, money, market conditions, design preferences and the intention for your home. We always believe that speaking with a building expert is the best way to determine whether knocking down and rebuilding is the way to go for you!
How long does the knock down rebuild take?
Knockdown and rebuild jobs generally take 10 to 12 months, depending on the builder and house design chosen. The demolition process takes no more than 3 days, however the construction time will ultimately rely on multiple variables such as weather conditions, council permits, waste removal and the home being built.
How can you save money on the knock down rebuild process?
There are some ways that you can save money during the knockdown rebuild process and one of them is by recycling materials from your demolished home such as timber, tiles and other home features. Many demolition companies will retrieve and purchase the materials to send to other builders, putting cash back in your pocket! Additionally, it’s always important to negotiate during the process with your builders, lenders and demolition company.
