New Build or Renovation: Which One Is Right for You?

So, you have just bought a new property with an old house sitting on it. Should you renovate that old house, or is it more practical to demolish it and build a new one? This is usually the plight of most property owners. Deciding between these options will have a huge impact on the budget, schedule, and structure of your home.

If you are building or renovating the property in another state, remember that you have to spend on other things, so it’s critical to choose the right option that can save you money. Aside from the expenses that a new build or renovation will incur, you will pay a moving company too. You can start reading reviews if you are looking to hire interstate moving companies. This is not something you decide on a whim because moving your stuff is an expensive endeavor.

These are the things you should look for in hiring a moving company:

•         Experience – They should have experience moving things interstate.
•         Reputation – While bad reviews from time to time can’t be helped, they should have more positive reviews than negative ones.
•         License and insurance – The moving company and its personnel should be appropriately licensed and insured because it is for your protection too.
•         Costs – While not the most important factor to consider because the quality of service is more important, you cannot hire a mover you cannot afford.

Why Renovate Your Home?

Homeowners generally feel that renovating is the cheaper and better option. Renovating homes takes less time than building from scratch. Repurposing an already existing space means you only have to spend on critical things such as stabilizing the foundation, breaking down walls for a more open-floor layout, and retiling the floor for a more modern or classic design.

The home’s layout will remain largely the same because breaking down walls or putting them up will be akin to building a new house. Renovations take less time than building from scratch. Since the structure exists, the workers only have to improve upon it.

However, you have less control over the design of the house with a renovation. There is less flexibility since you have to work on what you already have.

Why Build a New One from Scratch?

With a newly built home, you will not encounter problems for the next five to 10 years. Everything is under warranty, and you can even choose to use sustainable materials. You also have more options in the design and layout of the house.

Building a new home from scratch is also a more practical choice if you like to have a smart home. You can plan for new technology to be integrated into the house. The plan will require expanding electrical systems that can handle today’s available technologies.

Yet, building a new house will take more time than renovating. It is also more expensive since you will need to start from the actual foundation of the house.

The Takeaway

Choose to build a new house if you want to be more involved in the layout and design of the home. With a newly built house, you can be specific with the structure. However, that also means you need more time and budget for this project. If time is of the essence, consider renovating the existing structure. It is quick and easy and can freshen up any space to fit your current needs.