One thing certain about the dwelling you live in today is that over time your family’s needs will change. Growing families need more space; separate areas for teenagers, guests or entertainment. Conversely, empty nesters can find the sprawling family home is no longer necessary and it is time to downsize.
Traditionally people have taken to renovating, adding the necessary rooms to grow the home with the family, or they sell and buy a more appropriately sized property.
However there is another option that can have many tangible benefits and that is knockdown and rebuild (KDR). KDR is exactly as it sounds; knocking down (or removing from site) your existing home to make way for building a new dwelling (or multiple dwellings).
With land being scarce, KDR and subdividing are becoming increasingly popular options.