Relient Civil Group house demolish Brisbane 1

Client Background

Thy purchased her investment property in Mansfield, Brisbane, in 2020 for $610,000. With a vision to maximize her investment, she sought to transform the property through a knockdown rebuild, allowing her to create a custom-designed home that would appeal to buyers in the competitive real estate market.

Project Overview

In 2022, Thy approached us to help execute her plan. Despite residing in Melbourne, she entrusted us with the entire process, including demolition, design, and construction of a new two-storey home.

Objectives

  • To create a modern, functional, and aesthetically pleasing home that would increase property value.

  • To minimize Thy’s involvement in the day-to-day management of the project while ensuring transparency and communication throughout the process.

  • To achieve a significant return on investment when selling the newly built property.

Process:

Initial Consultation and Planning:

  • We met with Thy to discuss her vision, budget, and timeline.

  • A detailed project plan was developed, outlining key milestones, expected costs, and timelines.

Design Phase:

  • Our team collaborated with architects and designers to create a custom two-storey home tailored to the preferences of potential buyers in the Mansfield area.

  • Our team collaborated with architects and designers to create a custom two-storey home tailored to the preferences of potential buyers in the Mansfield area.

Demolition:

  • Once the design was finalized, we facilitated the knockdown of the existing structure, ensuring compliance with local regulations and safety standards.

Construction:

  • Construction began in early Feb 2023 and was completed in early Nov 2023.

  • We managed all aspects of the build, from sourcing high-quality materials to overseeing subcontractors, ensuring that the project stayed on schedule and within budget.

Final Inspection and Handover:

  • A thorough inspection was conducted to ensure the property met all building codes and standards before handing it over to Thy.

  • She received detailed documentation, including warranties and maintenance instructions, enabling her to manage her investment effectively and get it ready for immediate sale..

Financial Overview:

  • Purchase Price (2020): $610,000

  • Cost of New Build (2022): $690,000

  • Total Investment: $1,300,000

  • Sale Price (2023): $1,728,888

  • Total Profit: $428,888

Living 1

Outcome

The project was a resounding success, resulting in a significant increase in the property’s market value. Thy sold the newly constructed home in 2023 for $1,728,888, realizing a profit of $428,888. The investment strategy of a knockdown rebuild not only enhanced the aesthetic appeal and functionality of the property but also positioned it attractively in a booming market.

“Working with Zeal Homes was a fantastic experience. They handled every detail of the project, allowing me to focus on my life in Melbourne. The custom home they built exceeded my expectations and significantly increased my investment. I couldn’t be happier with the results!”
– Thy Anh Ly

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Conclusion

This case study illustrates the value that a well-managed knockdown rebuild project can add to an investment property. By leveraging our expertise in construction and project management, we were able to turn Thy’s vision into a reality, resulting in a successful investment strategy that yielded impressive returns.

Call the experts – Call Zeal Homes