Knocking down and demolishing a house is daunting, to say the least, but just because it seems that way, doesn’t mean you shouldn’t consider doing it.
It really comes down to costs, if you’re looking to do mainly cosmetic and minor renovations to your home then its probably not very suitable to completely rebuild. However on the other hand if you’re looking at changing multiple structural elements and creating some major changes to your home, then sometimes it can be more feasible to demolish and rebuild.
Completely rebuilding your home means you can change every single aspect of the property to fit both your requirements and your taste - although you can change most things with a renovation, it can become quite expensive depending on the level of alteration you seek - especially if you want to make major structural changes.
There are many other things to consider too, one important factor is if your home has a traditional feel or some kind of heritage to it - you definitely don’t want to knock it down. Instead, simply renovate the interior to your taste and improve the exterior appearance whilst maintaining the heritage aesthetic.
There’s absolutely no shortage of laws in regard to renovating and rebuilding homes, and the costs to do either can drastically change due to local council laws or even how accessible the building site is. We definitely recommend commencing legal research for your block and area long before you get too far into your decision-making process. You may be limited in what you can do by local laws.
Whichever you decide to go with, make sure you do adequate homework first.