Many people are faced with the decision as to whether or not they choose to remodel their existing home or build a new one. For starters, it’s a well-known fact that building from scratch is significantly more expensive than remodeling an existing one. On the other hand, new construction may be a better solution if the house is in a poor state and would prove difficult and time-consuming to remodel.
You will have to take many factors into consideration before you make a decision. Remodeling has its benefits and so does new construction, but in the end, it all comes down to your own assessment of what works best for you.
In this article, we will examine the pros and cons of remodeling vs new construction.
The Pros: It’s Cheaper
As we have already mentioned, there is no doubt that remodeling will cost you significantly less than new construction. It’s definitely the way to go if you’re on a budget or simply don’t want to build a new house.
Adding to that is all the hassle that comes with new construction, as well as the additional cost involved. New construction will also take more time, usually more than six months and there will be legal aspects to consider as well.
Renovating your existing home will save you money, which you could then spend on other improvements.
All things being considered you should choose to remodel if you want to save money or there is a lack of available building lots.
The Cons: It Can Be Uncomfortable
Major house remodeling may take months, during which you will have to deal with daily noise and pollution. In some cases, remodeling will require that you move out of your home temporarily, but in most cases, it will disrupt your routine and create an inconvenience.
Keep in mind that major remodeling can prove as costly as constructing a completely new house, so make sure you do the math and carefully calculate the expenses.
Tip: In case you decide to build a new house, we recommend you consider using professional preconstruction service to help you with space planning, as well as other important pre-construction services.
The Pros: It Takes Less Time to Complete
Remodeling will take less time, as well as enable you to focus on home improvements without the extra cost and the trouble of finding a free construction lot. Dealing with potential legal problems can be complicated. You’ll need to invest a lot of your energy and effort even before new construction starts.
That being said, remodeling can be quite challenging. Keep in mind that the condition of the house will play the most important role in deciding whether remodeling is feasible or not.
In certain cases, remodeling is not possible or would prove costlier than rebuilding or new construction.
Tip: Consult a professional to asses that state of your home before you reach the final decision. There will also be legal aspects to consider and you will need to check whether you need a permit for remodeling.