Buildi Tips Knock Down Rebuilds

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What is a knock down rebuild?
A knock down rebuild is exactly how it sounds. The existing house is demolished entirely, leaving your empty plot as a blank canvas. Then construction starts; work gets underway to bring your new home or investment property to life.

The pros and cons
✅Selling and buying costs– if you demolish your existing home there is no cost to sell i.e. real estate fees and no cost to buy stamp duty etc
✅Blank canvas for your design– with any new home build you will have the opportunity to bring your ideas to life
✅Increase property value– with record property growth in recent times, many property owners are seeing a higher increase in value in comparision to the cost of build (instant equity)
✅Stay in the neighbourhood you love – research shows that most people will sell and buy within 5km of where they are currently living. This is becasue they are used to the area, know their local resturants and have developed friendships in the area.
⛔️Requires planning and approvals– if you were to renovate your kitchen or bathroom in an existing home there will be no cost for planning or approval
⛔️Heritage sites restricted– Brisbane city council has a rule against demolishing homes there are pre 1946 its impotant to determin if your home can actually be demolished
⛔️Dificult to estimate fees before demolision– there are many upfront fees payable before you can fully understand the total cost of your project, unforutunality not all these fees apparent until you are in the midtst of the project
⛔️ Additinal costs If you demolish within 12 months of purchasing there will be no owner occupied concesion on Stamp duty (bonus calculation below)
Marketing vs Reality
You might have started to consider a knock down rebuild after seeing it advertised as an easy way to build a new home. The reality is that a knock down rebuild is quite a complicated process, requiring more planning and approvals than a regular build. So while builders may make it seem straight forward that is often due to most of the confusing pre-build planning falling on your shoulders, not theirs.

Most of the time the pre-construction process outlined by builders is a simplified one. Often only skimming over or avoiding entirely any mention of what is required of you.

Metricon Knock Down Rebuild Ad
Why not renovate?
Many owners choose to renovate their homes. This is a perfectly viable option, so why would you choose to knock down the current building and start again?

In Angela and George’s case, not all old houses have period features, timeless character or unique aesthetics. When a house has no cosmetic appeal to you as the owner — or if the residence is simply rundown — then it may be better, in the long run, to start from scratch. In fact, this option is generally cheaper per square metre than renovating.

Depending on the age and condition of the property, you may find yourself having to do continuous renovations in drips and drabs. If the costs and time required to maintain an ageing home exceed its worth; or its appeal, then a knock down rebuild is a perfect solution.

(0:11) Intro
(0:20) Knock down rebuild
(0:51) Pitfall Tip 1 - Stamp duty
(1:57) Pitfall Tip 2 - Timing
(2:57) Pitfall TIp 3 - Approvals
(3:31) Pitfall TIp 4 - Can it even be demolished
(4:10) Pitfall Tip 5- Temp power poles
(4:57) BUILDI Bonus TIPS
(5:51) Conclusion

Stamp Duty Calculator