Remodeling versus building new, the decision that doubtless many people have been faced with. Are you thinking about updating your house or investing in a new property? We’re here to help you in this decision with our own insider advice. Consider these points when you’re deciding between building a new home or remodeling your current one.
Option 1 - Building a New Home
Building a new home has a lot of benefits. The idea of a fresh, clean, and customized space built just for you can certainly sway the mind. But what about the costs, time, location, lot availability, and other considerations? Here are several pros and cons of option one, building a new home.
Pros of Building New
Customization - You can design the house of your dreams from scratch, tailored to your specific needs and preferences.
Energy Efficiency - New homes tend to be more energy-efficient than older ones, which can save you money on utility bills in the long run.
Low Maintenance - With everything brand new and under warranty, you shouldn't have to worry about costly repairs or replacements anytime soon.
Resale Value - A new home may have a higher resale value than an older home, especially in a hot real estate market.
Cons of Building New
Cost - Building a new home can be expensive, especially if you want high-end finishes or special features.
Time - The construction process can take more time on average compared to a remodeling project on your home.
Land Availability - Finding a lot in a desirable location around Bryan-College Station and surrounding areas can be challenging, especially as we continue to grow.
Remodeling Your Current Home
We understand your home can carry a lot of memories and meaning. The words of George Banks from Father of the Bride come to mind, “I love this house. I love that I taught my kids to ride their bikes in the driveway. I love that I slept with them in tents in the backyard. I love that we carved our initials in the tree out front.”
Deciding to remodel your home can include thoughts of practicality and sentimentality as well. And with our experience, we can transform your current home into the space of your dreams. We’ve listed just a few pros and cons to help you in this decision as well.
Pros of Remodeling
Familiarity - You already know and (hopefully) love the location, neighborhood, and layout of your existing home.
Cost Effective - Depending on the scope of the renovation, remodeling can be more affordable than building a new home from scratch.
Personalization - You can customize your house to suit your changing needs and tastes without starting from scratch.
Eco-Friendliness - By remodeling, you can recycle and repurpose existing materials and reduce waste.
Cons of Remodeling
Limits - Some renovations may not be feasible due to the structure or age of your home. You may have HOA or zoning restrictions as well.
Unexpected Costs - Remodeling can uncover unexpected issues (such as mold or outdated wiring) that need to be addressed. We work diligently to mitigate these expenses as much as possible.
Disruption - Living in a construction zone can be inconvenient, especially if you have to relocate temporarily.
Resale Value - Some renovations may not add value to your home, and you may not recoup your investment when you eventually sell.
Ultimately, the decision between building a new home or remodeling your current one depends on your circumstances, resources, and priorities. Consider what matters most to you and review these pros and cons. We have worked with many homeowners to help them decide the best option for them. As an experienced contractor, we can remodel the biggest project and we can build new homes, the limit truly is on what you can do at the moment. We want to help take away the guessing, the stress, and worry when it comes to getting that dream, George Banks home you’ve always wanted. Give us a call today and set up a time for a consultation.
Comments