They bought the house a decade ago with the intention of renovatingas the family got bigger.
After doing the numbers and seeing what Homestead had done for others with the “knock down rebuild “
strategy and the capital gain that was evident from recent Homestead projects…
it was a “no brainer” to rebuild. This also allowed the optimisation
of the back of house with landscaping, pool, fire pit and entertaining area.
The back area would have been very difficult to get to and could have compromised the opportunity that was presented, if the project was just a renovation.
” Quote “ We are ecstatic with the outcome and with the bank valuation which was
very favorable for the debt to asset ratio and has put us financially years ahead with a lovely new home.