Developers know that a solid inner Sydney location appeals to lifestyle minded home buyer who will enjoy this in-situ purchase through the convenience of position and long-term property capital growth. However, as the home ages and modern living changes with time, owners are now faced with a dilemma − remodel, move, or demolish.
And whilst many buyers are looking at home and land packages in Sydney, a number of others are learning that rebuilding on an existing site can be far more rewarding.
For hundreds of homeowners in the inner suburb, a knockdown and rebuild in Sydney has been the wiser play.
The Importance of Being Close to the Heart
Some of the largest drivers of property value are location. The inner-Sydney suburbs provide access to schools, transport, employment centres, cafes, parks, and established communities.
There might be a brand-new house on the outskirts of town if you’re moving to a new estate, but it often means abandoning the area you’ve already committed to.
You can stay in the suburb you love and get a brand-new home by rebuilding on your existing block.
Stay Away from the Invisible Charges of Moving
They may not have realised it yet, but there are more expenses than most people imagine when purchasing a new property.
These can include:
- Stamp duty
- Legal fees
- Agent commissions
- Moving costs
- Utility connection fees
Once homeowners analyse their expenses against the cost of a knockdown and rebuild in Sydney, they are often surprised by how relatively inexpensive rebuilding is.
Far better to spend that money on building the home of your dreams than it is paying to move elsewhere.
A Brand-new Home at the Location of Your Choice
A lot of Sydney’s older homes in the inner suburbs are on valuable blocks but have become ill-suited to contemporary lifestyles.
A knockdown rebuild enables you to:
- Focus on a more practical layout
- Add energy-efficient features
- Increase living space
- Improve street appeal
- Build for future family needs
So, you get all of the new home perks while retaining your existing address.
Is New Land Package Always a Better Deal?
One of the most enticing sights that we can ever see is home and land packages in Sydney. They are selling you a new home and handing you a better and easier buying process.
But many of them use more remote packages, which are in less developed areas further from the city centre. You could face longer commute times, meanwhile local infrastructure is still developing.
The further out a homeowner go; the years of capital growth and lifestyle benefits they leave behind in suburbs already in high demand.
In most instances, if you rebuild where you are, what is delivered can create greater value long into the future.
Greater Design Freedom
Rebuilding helps with flexibility, which is one of the strongest advantages of rebuilding.
Unlike most of the project homes in new estates, a knockdown rebuild allows you to create a home that fits your land and way of life.
You can customise:
- Layout and room sizes
- Outdoor entertaining areas
- Storage solutions
- Home office spaces
- Sustainability features
It is one of the main reasons why so many homeowners decide to do a knock down and rebuild in Sydney instead of purchasing elsewhere as this level of personalisation simply cannot be attained otherwise.
A Long-Term Investment Strategy
Land usually appreciates while building depreciates, as property experts would say. If you are in possession of land in a premier inner suburb, then it’s worth is maximised through rebuilding.
Some buyers entering the market find that home and land packages in Sydney suit their needs; however, many existing homeowners have stronger long-term results with value-added improvements applied to owned land.
Final Thoughts
In inner Sydney, rebuilding is a neat solution that provides homeowners the best of both worlds. You get a modern, energy efficient house, whilst retaining the area that enhances your lifestyle and property value.
Instead of uprooting your life and moving into some pristine brand-spanking-new estate, a good knockdown and rebuild in Sydney can allow you to create the sort of home you’ve always wanted without sacrificing the things that took you so long to obtain.
