With a knockdown-rebuild, you can keep the excellent location while enjoying a brand new home.

BREATHE NEW LIFE INTO YOUR CURRENT HOME!

Many homeowners love the location of their home, but are less enamoured by the property itself. Perhaps the house is starting to show its age. Or maybe your family has outgrown it. Or maybe it lacks certain features that matter to you.

But what if your dream home is right where you are—but you just haven’t realised it yet? 

With Preferred Home’s knockdown and rebuild services, you can keep the great location and have a great new house, too!

 

Image of a floor plan with a miniature house on top

WHY A KNOCKDOWN AND REBUILD PROJECT IS A SMART CHOICE

 

Aside from keeping your property’s current location, redesigning then rebuilding your home offers other great benefits, too:

 

You can get generous construction grants

Did you know that knocking down and rebuilding your house is classified as a new home build under the HomeBuilder scheme? You could receive a $25,000 grant from the Federal Government if you meet these requirements:

    • Earn below these income caps based on your 2018-19 tax returns: 
      • $125,000 for single applicants
      • $200,000 for married applicants
    • Enter into a building contract between 4 June 2020 and 31 December 2020. 
    • Build a new home as a principal place of residence, where the property value (house and land) does not exceed $750,000.
    • Commence construction within three months of the contract date.

Learn more about the HomeBuilder scheme and the eligibility requirements here!

Not eligible for the HomeBuilder grant? Preferred Homes is offering its OWN $25,000 CONSTRUCTION INCENTIVE if you do your knockdown-rebuild with us! Learn more about it by scheduling a consultation with us here.

 

It can be cheaper than traditional renovations

Believe it or not, renovating a house can actually end up costing you more. Traditional renovations are very labour-intensive as contractors have to dismantle and rebuild significant parts of your house without damaging its existing structure. You may also run into unforeseen issues with the foundation, electrical wiring, or plumbing after work commences. Nasty surprises like these can drive up construction costs—and blow a hole in your finances.

 

Design your home as you see fit

If your house is pre-owned or constructed by a volume builder, you’re stuck with its current design. What if you eventually need a bigger kitchen or another room for a new child? With a knockdown and rebuild, you have free reign to design a home that suits your wants and needs. Since you’re no longer constrained to building around an existing floor plan, you won’t have to make any compromises on your new home.

 

Excavator

WHAT HAPPENS IN A KNOCKDOWN AND REBUILD PROJECT?

 

While it’s best to discuss specifics with trusted builders like Preferred Homes, here’s a quick overview of what will happen:

 

1. Check with your council

Local councils have certain regulations for knockdown and rebuild projects. Talk to a council specialist to know if you’re allowed to demolish your current home and if your lot is appropriate for such a project.

2. Property Assessment

Your chosen builder will then evaluate your lot to verify that a knockdown and rebuild project can indeed be done there. Among the things they’ll inspect are: slope, orientation, block depth, frontage, easements and setbacks, soil type, and drainage and power supply.

3. Home Design

Work with your builder to create the design for your new dream home. At this stage, you will decide how many rooms there will be, which features you’ll include, and what the overall aesthetic is. 

4. Tear down and construction

Preferred Homes is an expert in knockdown and rebuild projects, and we provide a seamless end-to-end process, meaning we will secure all permits and requirements on your behalf. This allows us to clear your existing block and immediately commence with the construction of your dream home!

 

And as with any custom-built house by Preferred Homes, we extend our 3 PILLAR GUARANTEE to knockdown-rebuild projects. If you are not satisfied with our customer service, construction times, or build quality we’ll pay you $5,000*.

 

 

We’d love to give your home a new lease on life. If you’d like to know more about knockdown and rebuild construction, book a call with one of our consultants by clicking here.

 

*Conditions apply.