Home demolition and rebuilding projects are gaining considerable popularity in the Greater Toronto Area. Older homes are being torn down and larger more ornate homes are being built in their place. Within certain pockets of the city, these projects have completely changed the face of the neighbourhoods in which they are located.
To learn more about this exciting trend in Ontario housing, eieihome took a moment with Vazken Nakhnikian of Dupont Custom Homes.
Why It Happens
One word carries the weight of this housing trend and that word is: location. People fall in love with neighbourhoods. They also fall in love with the idea of not having to spend hours commuting to work on one of the GTA’s many snarled highways.
This means that if a homeowner loves their neighbourhood, but the family begins to outgrow the home, or if home buyers want to relocate to a specific area, but prefer a different style of house, it makes more sense to keep the lot, but rebuild the house.
“With a new house on the property you will [benefit from] being in the same area, [and also] increase the value of the house,” Nakhnikian says.
A Big Undertaking
As anyone might imagine, a demolition and rebuilding project is not for the faint of heart or budget. A rebuild is much more involved than the renovation of a single room. This list of steps involved in such a project include: designing and building, adding plumbing and electrical, roofing, windows, doors and façade work. That’s just to name a few components.
Of course, everything starts with finding a contractor.
“It is important for homeowners to hire a reputable contractor to handle [the project’s] daily details from start to finish,” Nakhnikian explains. “Contractors go through these projects every day. [It’s our] job to facilitate and make the process as easy and enjoyable to the homeowner [as possible].”
Rebuild vs. Renovate
There are several factors that may cause homeowners to consider rebuilding rather than renovating. For some, the home’s exterior or overall design is unfavourable. Another motivating factor can be the need for extensive basement and foundation repairs.
Rebuilding a home from scratch can actually cause less stress than renovating. That’s because there is no need to tiptoe around parts of the home that aren’t being worked on, and homeowners are less likely to run into surprise problems involving things like outdated plumbing and electrical systems.
“[It makes more sense to rebuild] when renovation doesn’t justify the cost,” Nakhnikian says.
Dupont Custom Homes provides design and build services throughout the Greater Toronto Area.