Whether you’re new to homeownership or this is far from your first rodeo, you may have weighed the aspects between remodeling and building new. While remodeling and building are both viable options, one may be a better choice for your home depending on your budget, style preferences, and similar factors. When deciding on a home remodel or complete new build, consider what features are most important to you, what you dislike about your existing home, and why you’re looking to make changes. With these answers in mind, compare both options to decide which is best for your family.
Both remodeling and new construction may require you to be away from your home for a period of time. Depending how long it takes to complete the job, you may need to find another place to live for several weeks or even months. Both remodeling and building new can cause disruptions to your daily life, such as water and electrical shut-off. If your time frame is flexible, you may choose to continue living in your home and remodel one room at a time. Completely new construction can take upwards of six months to complete. Custom designs can extend this time frame.
Budget is a major factor that can significantly impact your ability to remodel or build. In terms of cost per-square-foot, remodeling is typically more expensive. However, as a whole, constructing a new home can be more cost-effective as you’re starting fresh with little risk of unexpected and costly problems. You may want to look at a remodel instead of new construction if you love your neighborhood or if you have an emotional attachment to your house. Consider building a new home if you want a home with alterations that can’t be completed in your current house or if the cost of a remodel would be more than the home’s resale value.
Both remodeling and building new are great opportunities for becoming more environmentally-conscious. Making the switch to energy-efficient appliances can reduce utility bills and increase a home’s resale value. While you can certainly make efficiency upgrades room by room during a remodel, it’s often easier to start new with high-efficiency insulation, water-saving fixtures, and energy-saving appliances throughout the home. Ask your home builder about your options for eco-friendly features and amenities.
One factor you may want to consider when deciding whether to remodel or build new is the overall quality of your home. Without a solid foundation, a remodel could end up costing you a lot more than you initially thought due to problems found along the way. If your home already has a number of problems relating to the actual construction of the home, it may be more cost-effective to start anew. However, if your home has a high-quality construction and all systems are up to date, you may want to consider a remodel to remedy the problems you don’t like.
Many homeowners choose to remodel to gain square footage and essentially more space for their family and belongings. If you choose to remodel your existing home, you’re limited to your lot size unless you’re able to purchase additional property surrounding your home. When you build new, you can choose your lot size based on any number of factors. You’ll also want to compare the pros and cons of building up vs. building out. While building out typically involves the least amount of disruption to your existing home, you risk losing a portion of your yard. When you choose to build up during new construction, you don’t risk losing any yard but you may have to meet regulations on house heights in your area.
Whether you want an open floor plan or a traditional-style home with segregated rooms, you’ll want to closely consider your home’s layout. While remodeling does allow for some flexibility when it comes to changing the floor plan, load-bearing walls can make it more difficult and costly to open walls and enlarge rooms. With new house construction, you have the opportunity to create your desired floor plan from the get-go. With more freedom to design your ‘dream home’, you can make important decisions such as how many rooms you would like and how large each room will be.
Maybe you want a home equipped with a gourmet kitchen where you can prepare meals with the family or host guests. Or perhaps you want to incorporate a home theater where friends can gather to enjoy films on the weekends. These types of amenities are what you can add to your new home construction. If you prefer to remodel, you may have the opportunity to add these amenities into established rooms. However, if you lack the square footage you may have to limit your amenities. This is especially true for large amenities such as swimming pools.
Residential zoning laws and regulations could prevent you from remodeling or building a new home. Certain neighborhoods do not permit new construction while others have tight guidelines when it comes to remodeling. Check your local zoning laws and building codes to determine if your home qualifies for a remodel. If you’re limited to what you can do at your current location, you’ll want to consider purchasing a lot in a different location to build new construction.
If you’ve ever owned a home for any amount of time, you know the mixed feelings that can come along with it. You may have loved the home at first but now after a few months or years, you find that it’s missing some crucial key components. Now you have a major decision to make. Do you remodel or build new? Home builder and designer Ken Marzullo, Founder of Koncept Design + Build, offers home remodeling and new home construction services for individuals interested in obtaining their dream home. Contact Ken today to discuss what option may be best for your family.