A knockdown and rebuild or a major renovation and extension… Which is best? Well, each option comes with their own pros and cons and what will work best for you is influenced by a number of different factors. In this post we discuss a few key ideas to think about when making the decision that’s right for you. 

Cost

Whether you renovate or rebuild, cost is basically the deciding factor in what you can and can’t do. Renovating may seem like the less expensive and easier option, but you may be surprised at how much a knockdown rebuild will actually cost you. In reality, rebuilding can be a much more cost-effective way of doing things.

Starting from scratch means you are free to pick and choose from the latest materials and technology on offer to help bring your overall cost of living down and quality of life up. Renovating on the other hand has many more limitations and there are added risks involved.

Risk

Renovating is never a bad idea, but it does have the potential to lead you down a risky route that could affect the budget. Not knowing what’s behind the walls or underneath your floor can lead to a range of additional costs and time delays. This is not the case with a knockdown rebuild – the risk factor involved is far less substantial as you are basically starting fresh, working with a blank new canvas.

Area / Location

Location will also play a huge part in your overall decision. If you love where you live, why would you consider moving simply because your home doesn’t quite work? The design or function of your home shouldn’t be the barrier to you living your best life. Whether you’re renovating or rebuilding, both give you this option.

Staying in a neighbourhood that you’re already established in has many benefits especially with things like school, supermarkets and, of course, your local brunch spot! Living in the perfect area can have just as much impact as living in the perfect home. Refining your home through a rebuild or renovation to stay in your ideal location is a key component to consider when making these big decisions.

Layout

Layout is such a key component to your home, and this is where things can get tricky… If you choose to renovate you can really limit your homes potential. This is not always the case, but if the layout doesn’t work, no amount of tweaking and adjusting is ever going to fix it whilst trying to keep your home renovation cost effective.

This is where a knockdown rebuild comes into play. You aren’t bound by the constraints of existing floor plans; you get to create from scratch and design without compromise, maximising your layout to work for you in every way you can imagine.

While a knockdown rebuild can seem like a daunting and difficult task it should always be considered. When you are investing this kind of money and embarking on a home building journey, you obviously want the best results.

Here at Homes by Elite we can help make these results a reality –our team are always available to answer any questions you may have on this topic. We are here to help make this process a smooth and enjoyable one, so please get in touch today!