Everyone wants to make their house feel like a home. This often means that there is work to be done first. Deciding whether to renovate or rebuild you house can cause a real headache.
There are several factors that should be taken into consideration to make the correct decision, since both options have their advantages and disadvantages.
So, let’s have a look at what the main points are!
1. Your Budget
How much money can you dedicate to your home is definitely one of the major considerations. Building a new home is often seen as the more expensive option. This may be true if you are only making small changes but it can be a better investment to demolish and rebuild your house if you want to make major refurbishments.
2. Age of the Property
How old your home is will affect your renovation or build decision. If your home is a good age that shows constant need for repair, it may be better to bite the bullet, tear it down and start again. On the other hand, if you find that your house is in good condition and is relatively new, renovating may be just what you need to brighten the place up and create the space you are looking for. The age of your home can tell us a lot about the different materials used with the original build such as asbestos or type of plumbing used which will have a decent impact on costs.
3. Charm and Personality
Some homeowners are drawn to properties because of their unique architecture and quirkiness and this is often what makes the house special for them in the first place, meaning a small renovation can preserve the home’s individual charm. However, if this doesn’t matter to you and the house is simply not your style anymore, then demolishing and rebuilding would be the way forward.
4. Desired Remodelling
The extent of the desired remodelling will affect whether you renovate or rebuild. If there are only small desired changes or a simple extension then a renovation will be the most sensible option. But, if you are looking for a major refurbishment, rebuilding from the ground up can prove the easiest and most cost-effective option. It is helpful to consider your future needs and lifestyle to see what fits those plans best.
5.Time and Accommodation
Your accommodation is important to think about with any size renovation, whether you want to stay in the disruptive environment or find temporary accommodation is your decision to make. There is no doubt that new house can be built quicker than major renovations on your existing home. This is due to the need to preserve the structure of your existing home during the renovation and deal with any potential issues along the way.