If you’re planning to shift, you might be confused between building a new house or opting for remodeling. Well, this confusion is obvious. But before you hurry and make any decision, we want you know few things about the same. Here are those 8 points that you should note:
1. It might seem that remodeling is cheaper than building a new house. Well, it’s not always true. There can be situations where building a new house can be a better and economical choice over remodeling the existing one. No point for mentioning that it depends on a lot of things. So, it differs from person to person and house to house whether it should be remodeled or not.
2. Building a new house includes labor costs as so does remodeling. However, there are various things that the DIYers can do and save a lot of cost. If your house needs interior remodeling like de-cluttering and renovating, you should go for remodeling. New construction, on the other hand costs a lost because of high labor demand and huge profit of home repairs and general contractors.
3. If you want to go with the flow and follow the trend, you must be wanting to make your house energy efficient and energy certified. This can cost much but definitely not as much as new construction. Another thing to note here is that, energy efficiency can be better built in new homes and remodeling may not give you the exact desired results.
4. New construction increases costs for new appliances that are to be installed because most probably, you aren’t wishing to take old things to your new home except the valuables. In that case, new construction adds up to a huge cost.
5. As mentioned above, new house will demand new appliances, furniture, roof and building systems. As they are new, they’re under warranty period and attract less maintenance cost for few years. This is not the case with remodeling. In such case, new construction seems a better option.
6. You might not get exactly what you want in case of remodeling. You’ll have to adjust a little with what you’ve got, or you’ll end up spending a lot. On the other hand, new construction gives you exactly what you want. The desired floor plan and the required home size – you get to make a choice for each and everything in your way.
7. If lucky, you can get your dream house through remodeling without spending much. While buying a new home, if you love the location, view and neighborhood, then why spend a fortune for building a new house? Just spend a little to make small changes and pick furniture, fixtures, appliances, colors and cabinets of your choice and you’re in an almost new house.
8. Remodeling sounds exciting, but it is actually a stressful and frustrating process. You’ll have to bear a lot until your home is ready. If you don’t mind this, there’s no harm in opting for it.