Renovating vs Building New
We know how tough this decision is to make, so we've answered some frequently asked questions which we hope will help you to decide whether a renovation or building new is best.
Renovating vs Building New is an age old question and will always be a hard decision to make. It boils down to a lot of factors that are mostly personal and will differ from person to person. Each option has its advantages and disadvantages, meaning the best option is the one that serves the bigger picture. We hope the information below will provide some insights to help clear things up for you.
Renovating an existing home
Renovating can be pretty awesome. You keep all your cherished memories and moments with that home, while giving it a modern and often much needed freshen-up. This is especially important to people who have houses with sentimental value to them. They love their home, but only need a few aspects of it tweaked and can’t justify moving. Renovating can be a fraction of the cost of building new (depending on the project), and if done properly by improving inward/outward flow and adding bedrooms and bathrooms to increase the quality of living, it can really increase the value of your home should you decide to sell up or rent out.
Building a new home
Building new is always going to be a very enticing option. After all, who doesn’t want a freshly built home? Building new has many options, from pre-built homes in a new suburb, to a complete custom build in your dream location. The possibilities are endless and it can be very exciting to be working with a designer and builders building your dream home. In most cases, it will be more expensive than renovating simply because it is a larger job in that you’re building a completely new home instead of building or improving upon a section of your existing home.
Questions to ask yourself
If you don’t care much about the home, it’s too run down and will cost too much to renovate, or you’d just prefer to live in a brand new home then you might be better off building new, or possibly destroying the old home and building on the same site. This is because there is much more certainty around new builds and with old homes you don’t know what’s going to be behind the walls or under the floors, or what’s not on the plans. Of course it is recommended that you get in touch with industry professionals like ourselves where we can inspect your home and tell you whether it is worth renovating or not, based on your expectations and budget.
As you can see, there is a whole host of factors that you must consider when making this decision. Therefore it is critical that you have the right guidance to walk you through the processes so that you don’t waste your time or money. We help you answer all of these questions and more when you contact us, and we can even come out to your property for a 2 hour consultation where we will address any concerns that you may have for your home renovation, extension or new build. We hope to hear from you soon!