Remodel or Build New
We all want to live in a fancy house with the best kitchen, stylish bathrooms and whatnot. However, not everyone has the budget to do so. So, when you want to revamp your house, the ultimate question is, is it cheaper to remodel or build new?
Well, if you really want the most accurate answer, you should probably get in touch with expert remodelers. But if you insist on figuring it out yourself, here are a few pointers to consider that will help you answer that question.
What are You Trying to Achieve?
Firstly, you have to think about precisely what you are trying to achieve. If you just want to give a new look to your kitchen with new cabinets or countertops, it doesn’t make sense to tear down everything and build anew from scratch.
You can simply go for kitchen remodeling and polish up the place. Don’t forget to go through this checklist before you start kitchen remodeling. Other than that, if you want to change the entire structure of the place, then remodeling will cost more, and it’d be better to build it new.
How Long Do You Plan to Stay in the House?
You should also consider how long you plan to stay in the house. Constant remodeling can seem cheaper in the short-run, but it eventually turns out to be more costly in the long run. By building new, you might have to spend more now, but it will save you from future repairs and remodeling. So, if you plan to stay for long, then building new might be better than going for a remodel.
The Condition of the House
The existing condition of the house or whatever place you have in mind can also play a big role in answering this question for you. Sometimes, older houses have a lot of decay and deterioration, which is why building new is the only option left. Remodeling, in that case, only ends up being a waste of money. Again, an experienced construction company will be better able to determine the condition and integrity of the structure of the house.
Sometimes, the decision will not be in your hands at all. In some places, there might be restrictions over building a new house. They might not allow you to build a two-story house when that is what you wanted. In that case, remodeling might be your only option.
The answer to the question, “is it cheaper to remodel or build new,” will be different for everyone. Depending on the factors above, kitchen remodeling will be cheaper for one person but more expensive for someone else.
If you really want the desired outcome for your house while not selling a limb or two, you should contact a skilled remodeling and construction company. Only they will be able to give you accurate cost estimates for both options, allowing you to make a better and informed decision.
Typically remodeling is when you are designing something new, like a new kitchen design with new cabinets and appliances. Renovation is when you are restoring what is already there to it’s original condition.
Generally it is cheaper to remodel because you can remodel all or just certain area’s according to what your budget will allow. Building new usually involves starting over, gutting out all the old and building all new structures and designs in the home.
Buying a new home is exciting but there are a lot more costs involved in getting a new mortgage, down payments, closing costs, moving costs, starting up utilities and services and more. With upgrading your current home, you’re just dealing with the cost of the construction and upgraded fixtures and materials.