DIY renovation vs. professional home rebuild: the cost to knock down a house and rebuild from scratch
If you’re in love with your neighbourhood but no longer feel for your home design, the idea of a knock down rebuild project may have crossed your mind. You might have fallen out of love with your house for a number of reasons:
- The design is starting to look outdated compared to your neighbours
- You have a growing family and need more space
- You’re looking to downsize since the kids have flown the nest
- Your current design is in desperate need of some TLC
- You need a change and want something more contemporary.
No matter the reason, a knockdown rebuild project can help solve the problem without needing to uproot your family and move somewhere else.
A common concern for homeowners is the cost to knock down and rebuild their homes. You might be weighing up the pros and cons of renovating or choosing a professional home builder to manage a knock down rebuild project for you.
Quite often, renovation costs end up being twice — sometimes three times — the amount of a knock down rebuild project. It’s very easy to blow out your renovation budget as new problems and changes start to arise.
A knock down rebuild project is a simple and more affordable way to revamp the design of your home. But what are the costs to knock down and rebuild a house? Is it cheaper to conduct a DIY renovation, or get a home builder to build a new house from the ground up?
In this blog, we weigh up the costs for you, so you can make an educated decision about your future home.
The cost of a DIY renovation
If you like to take a “hands-on” approach to your home improvements, you might be considering a DIY renovation. There are a range of benefits to a renovation — for example, you have control over the timeline of your renovation project and you can design your new home down to the very last detail.
However, it’s important to understand the cost of renovating a house yourself. It can be a complicated process to undertake on your own and if you’re not careful, the costs can start to build up.
According to Service Seeking, minor renovations can cost as little as $20,000. However, for a complete home transformation, the budget can easily go over $300,000.
The biggest expenses go into labour and sourcing materials, but some other factors include:
- The size of your home. Remodelling a small home or townhouse wouldn’t cost as much as a five-bedroom home, so the scale of the project can have a huge impact on the budget.
- Your location. Based on where you live, the cost of labour and sourcing materials can fluctuate wildly. If you decide to hire some renovators for an extra set of hands in Queensland, for example, their wages sit at around $50 per hour whereas it can cost up to $85 per hour in New South Wales.
- Kitchen and bathroom renovations. These are arguably the most important rooms in the house, but are also the most expensive to renovate! Due to the number of appliances and fittings required, a kitchen renovation can cost up to $40,000 and a bathroom renovation can cost up to $35,000.
- Mistakes and repairs. We all make mistakes, but a DIY renovation blunder can be costly. We recommend adding 10% to 15% on top of your estimated budget to cover repairs.
As you can see, there are a lot of pros and cons to a DIY renovation project — with the biggest unknown being an uncertain budget. In most cases, it’s more affordable to simply knock down your home and start from scratch.
The cost to knock down and rebuild with an experienced home builder
If you choose to knock down and rebuild your home with an experienced builder like Montgomery Homes, there will be no “what-ifs” or confusion around the cost to knock down and rebuild.
Our builders will complete an in-depth site inspection to determine any additional work that needs to be done to prepare the block for a new home build.
Our site inspections are free of charge, so once we come back with recommendations and potential costs, there’s no obligation to go ahead with the project or place a deposit.
Based on your chosen home design and the existing site conditions, we’ll provide a detailed quote that includes any possible site costs required to start the build. This
might include excavation and retaining walls, however, this is more common for sloping sites.
You will still need to schedule and pay for the demolition of your existing home, but all other costs are covered under the cost we have agreed upon in the planning process. This includes our standard inclusions like:
- Flooring and painting
- Finishes like tapware
- Kitchen, bathroom and laundry essentials
- Power and plumbing
- Cupboards, drawers and walk-in wardrobes
You will also have the choice to select our Diamond or Sapphire Collections for additional benefits like:
- Stone countertops for the kitchen
- Frameless shower screens
- Freestanding baths
- Floor-to-ceiling tiling
- Polytec polyurethane kitchen and bathroom cabinetry
- Handless doors and drawers
- Stylish tapware and sinks
All in all, the cost of a knock down rebuild with Montgomery Homes comes down to the home design of your choice, the site conditions, and any upgrades you want to include for a home design that’s truly your own.
Plus, you won’t need to worry about real estate or stamp duty costs!
Knock down a house and rebuild a stunning new home with us
While a renovation project can be a lot of fun, it can also cause a lot of stress and budget blow-outs. With Montgomery Homes, we’ll take care of all the minor details and cover the costs under one simple quote, so you can achieve the home you’ve always wanted at a set price.
Clients who have completed a knock down rebuild project with Montgomery Homes have told us it was the best financial decision they ever made.
So what are you waiting for? Get in touch with the team from Montgomery Homes for more information, or book a free site inspection to get the project rolling now!
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