The cost of a knockdown rebuild will rely heavily on the type of land you have and the council requirements of your area. Some of the costs you should expect to encounter include:
There are a few options for financing your knockdown rebuild, including:
A Building and Construction Loan will inject funds at specific points of your build, from start to finish, to help you to get your home built on schedule. These points include:
Construction loans are interest-only for the first 12 months or until you've drawn down on the loan and are subject to approval based on the design. Additionally, you will need a deposit and your land needs to meet particular value requirements.