You’re at a crossroads. Perhaps you feel that you need a bigger house or additional bedrooms for the expanding family. Or, maybe you just don’t like the exterior appearance anymore and would like to upgrade. That leaves you with two options; to renovate or build a new custom home. Which option do you go with?
This is never an easy question. Home renovations are the easier option and can also be cheaper initially. But, this choice could also lead you down a never-ending (and stealthily expensive) rabbit hole. Building a new custom home, meanwhile, gives you a fresh start, allowing you to “update” all the rooms and bring to life all the new ideas you have. But, it can be an expensive undertaking. Here’s what to consider;
Home Renovation Pros
One of the key advantages of renovating is that you get to keep the structure and character of your home. This can be especially important if you own a historical home. Another advantage is that, compared to building from scratch, home renovations are often less expensive and take a shorter time to complete. Finally, it’s sometimes easier to get approval for a home renovation.
Home Renovation Cons
There are, however, a few downsides to a home renovation, the first one being structural limitations. Since you have to work within the constraints of the existing floor plan, it doesn’t matter how much remodeling you do; it’ll still be the same house. Additionally, renovations have a tendency to spiral. After the bedroom, you’ll begin feeling like the kitchen too needs updating and so forth. This never-ending process of remodeling can be both laborious and expensive.
Pros of Building a Custom Home
If you have an exciting vision in your mind, building a custom home is the best way to bring that vision to life. Whether you want to create more open living spaces or a modern home complete with a home office, your builder will be able to give you just that. Also, building new allows you to once and for all fix any structural issues such as foundation problems and water damage.
Cons of Building a Custom Home
As you’d expect, cost is the biggest downside to building from scratch. You need a big budget to tear down an existing property, design a new structure, and then build the new structure. It can also take a long time to complete the new building. Additionally, getting approvals for new constructions isn’t always easy. Having a professional home builder working with you is the best way to overcome this obstacle, saving you both time and money.
Let’s Help You Make the Right Choice
If even with these considerations you’re still struggling to pick between home renovation and building new, Alair Homes is here to help. Our able experts will help walk you through your options so you make the right decision depending on your unique situation. Contact us today to get started.