How Much Does a Knock Down Rebuild Cost?

BARNES — MATINA

Introduction:

Are you considering a knock down rebuild in Melbourne and asking yourself ‘how much does a knock down rebuild cost’? Delve into the intricacies of this process and explore the associated costs.  A knock down rebuild isn’t just about creating a new home, it’s about reimagining your living space while staying rooted in the neighborhood you love.  Costs for any new build can vary greatly depending on factors such as size, specifications and desired finishes.

With a comprehensive breakdown of average costs, we’ll explore two basic typical scenarios which include a 200m2 single-storey house and a 300m2 double-storey house so you can gain basic insights into the financial aspects of your project. From quality upgrades to luxurious finishes, these estimates provide a glimpse into the potential expenses involved in bringing your dream home to life. It’s essential to remember that while these figures offer guidance, consulting with professionals is crucial to obtaining accurate cost estimates that are tailored to your unique project requirements.

Do You Love Where You Live?

The decision to undergo a knock down rebuild in Melbourne is often deeply rooted in emotional attachment. It’s about more than just bricks and mortar; it’s about cherishing the community, memories, and connections forged within the neighborhood. For many homeowners, the thought of leaving behind their familiar surroundings, close-knit friendships, and cherished local amenities is a daunting prospect. Whether it’s the laughter echoing through the streets on weekend barbecues, the warmth of familiar faces at the local café, or the comfort of knowing that family and friends are just a stone’s throw away, the bond with one’s neighborhood runs deep.

A knock down rebuild offers the perfect solution, allowing homeowners to breathe new life into their existing location while preserving the essence of what makes it truly special. It’s about embracing the sentimentality of home, honoring the past, and creating a future filled with endless possibilities—all without having to say goodbye to the place that holds their heart.

What’s the cost?

Factors Influencing Costs:

Specifications, Size, and Finishes:

– The size and specifications of your new home will significantly impact the overall cost. Larger homes with high end finishes will naturally incur higher expenses compared to smaller, more modest designs.

Site Considerations:

– The condition of your existing property and the site itself can influence costs heavily. Factors such as site accessibility, soil type, adjoining properties, demolition requirements, site fall and additional site works can really affect the overall budget.

 

TELL US ABOUT YOUR PROJECT & CONTACT US

Are you asking how much does a knock down rebuild cost? Take the first step towards your dream home today. Contact us to schedule a consultation and discover how we can make your project a stunning reality.

 

Breakdown of Typical Costs for 2 Knock Down Rebuild Scenarios:

Scenario 1: 200m2 Single Storey House

Basic finish:

– Construction Cost: $400,000 (200m2 x $2,000/m2)

– Kitchen: $30,000

– Bathrooms: $40,000 ($20,000 for 1 bathroom, $15,000 for 1 ensuite, $5,000 for WC)

– Ensuite Master: $15,000

– Laundry: $8,000

– WC: $6,000

– Total Estimated Cost: $499,000

 

Upgraded finish:

– Construction Cost: $600,000 (200m2 x $3,000/m2)

– Kitchen: $45,000

– Bathrooms: $57,500 ($25,000 for 1 bathroom, $22,000 for 1 ensuite, $10,500 for WC)

– Ensuite Master: $30,000

– Laundry: $15,000

– WC: $9,000

– Total Estimated Cost: $756,500

 

Luxury finish:

– Construction Cost: $720,000 (200m2 x $3,600/m2)

– Kitchen: $65,000

– Bathrooms: $97,500 ($35,000 for 1 bathroom, $30,000 for 1 ensuite, $20,000 for WC)

– Ensuite Master: $50,000

– Laundry: $20,000

– WC: $12,000

– Total Estimated Cost: $964,500

 

Scenario 2: 300m2 Double Storey House

Basic finish:

– Construction Cost: $600,000 (300m2 x $2,000/m2)

– Kitchen: $30,000

– Bathrooms: $75,000 ($20,000 for 1 bathroom, $45,000 for 3 ensuite, $10,000 for WC)

– Ensuite Master: $45,000

– Laundry: $8,000

– WC: $6,000

– Total Estimated Cost: $764,000

 

Upgraded finish:

– Construction Cost: $900,000 (300m2 x $3,000/m2)

– Kitchen: $45,000

– Bathrooms: $117,500 ($35,000 for 1 bathroom, $66,000 for 3 ensuites, $16,500 for WC)

– Ensuite Master: $66,000

– Laundry: $15,000

– WC: $9,000

– Total Estimated Cost: $1,035,000

 

Luxury finish:

– Construction Cost: $1,080,000 (300m2 x $3,600/m2)

– Kitchen: $65,000

– Bathrooms: $170,500 ($40,500 for 1 bathroom, $110,000 for 3 ensuites, $20,000 for WC)

– Ensuite Master: $90,000

– Laundry: $20,000

– WC: $12,000

– Total Estimated Cost: $1,437,500

 

These cost estimates, created by Barnes Matina Pty Ltd, offer a rough approximation for evaluating the potential value of your knock down rebuild project. These estimated costs provide a breakdown of expenses for different tiers of quality and various house sizes. Actual costs vary depending on factors such as location, specific design requirements, and market conditions. It’s advisable to consult with professionals to obtain accurate cost estimates tailored to your individual project needs.

Contact us today to begin your transformative experience and turn your vision into reality. Your dream home awaits. Let’s us make it a reality together.

Please be aware:
The construction industry has navigated through challenges marked by material scarcities, disruptions in the supply chain, and a shortage of labor, resulting in a significant surge of building costs in recent times. This turbulent period strained construction firms and clients alike, leading to an unprecedented number of company closures. Fortunately, recent trends indicate a slowdown and stabilisation in construction costs.

As we enter 2024, there’s optimism for an extended phase of price consistency, fostering a more reliable environment for cost predictions. However, it’s crucial to recognise that these estimates are only intended as general guidelines and are subject to fluctuations.

 


Don’t let the complexity of planning and executing a knock down rebuild hold you back. Our expert team are on hand to guide you through every step, from initial concepts to the finishing touches, ensuring a seamless and stress-free process. We pride ourselves on our commitment to quality, attention to detail, and dedication to customer satisfaction.

TELL US ABOUT YOUR PROJECT & CONTACT US

Are you asking how much does a knock down rebuild cost? Take the first step towards your dream home today. Contact us to schedule a consultation and discover how we can make your project a stunning reality.