What Are the Main Benefits of a Knock-Down Rebuild in Australia?
The main benefits of a knock-down rebuild in Australia are quite self-explanatory. Have you purchased an old building, and are you planning to tear it down and on the vacant plot do you intend to construct a duplex that you can utilise for dual income purposes? In that case, for a situation like this, the main perk of a residential tear-down will be financial. A lot of Australians have properties that sit on valuable land, but that cannot be fully developed due to old constructions that are unsuitable for market listing. It doesn’t really matter if the land of your property is appraised at around $600,000, as long as the dwelling present on the plot requires more extensive renovation work that’s not realistic for new owners. You will have trouble in finding a buyer, and with time, the maintenance of the property will add up. Demolishing an old house and building in its place a duplex represents a way to double the living space available on your land, and therefore, obtai...