Are you looking for a newly built home, but don’t want to move from your existing location? GW Homes are specialists in knockdown rebuild projects servicing Brisbane, the Gold Coast, and Sunshine Coast. Whether you are looking to rebuild an existing family home or down-size from the old family homestead, GW Homes can replace your old property with the home of your dreams.
Renovating an old property can have many unforeseen costs that are hard to budget for. With a knockdown rebuild GW Homes can give you a fixed priced rebuild that is customized to exactly how you want it, plus your property will have the GW Homes Lifetime Structural Guarantee.
The average demolition cost for demolishing a house of less than 1,000 sq. feet is $4,000 to $ 15,000. While its rebuilding cost is $40,000 to $175,000. Depending on the rebuild specifications the total demolition and rebuild cost is $44,000 to $190,000.
Depending on what you would like to do with a renovation the costs can vary significantly. If you're considering making significant structural changes it might be cheaper to start from scratch by knocking down and rebuilding. Generally, building a new starts from $200,000.
For a knockdown and rebuild you would generally allow around eight to 12 months. If the building is subject to planning approval, this can extend the time considerably.
Unless your property is free and clear from all liens or encumbrances, your mortgage is secured to the structure as well as the land. Your lender has an interest in the building itself, so you cannot unilaterally destroy the lender's security without permission.
No, stamp duty fees do not apply when knocking down and rebuilding a home on an existing site.
This might be through savings, by budgeting your income, or by borrowing extra money. If you already have a mortgage, you may be able to borrow more, up to 85% of the value of your home (including your current mortgage). Think carefully before securing other debts against your home.
With GW Homes’ high quality standards and proven processes, we’ll make sure your home building experience not only meets your expectations, but exceeds them.
We’re proud to be a family-owned, award winning Australian home building company. For more than 50 years, we’ve designed and built innovative, high quality, and original home designs throughout South East Queensland.
Our family commitment to delivering exceptional quality and service, and long history experience, means you can enjoy a hassle-free building experience.
From the moment you begin talking to our team, you'll notice the GW Homes difference. We'll take the time to really get to know you, and understand what you're looking for in a home.