New Builds Vs Renovations: Which is Right for You?
August 21, 2019
It’s a question as old as homes themselves: Do you build a new house a fix the one you’re in?
Eventually, many homeowners will choose between a new build and a renovation. Perhaps a tiny new family member is on the way or professional success has made a more luxurious living situation possible. Or, like most of us, perhaps your home is just getting old and you’re overdue for a change. Whatever the reason, it isn’t an easy decision. You’ll have a lot to consider, from how you’ll pay for it to how you’ll maintain your routines through the transition,
and finally how long you’ll have to live with the result.
If you’re struggling to choose between a new build and a renovation, here’s a list of things you’ll need to keep in mind.
Benefits of a New Build
Knocking down your existing home and rebuilding on the same property is not uncommon. But if you want to relocate, then a new build is an excellent opportunity to make the view a part of the change.
While a renovation can be undermined by older parts of the home ageing into poor condition, a new build is a clean slate. The overall maintenance demands of a new home will be considerably lower. New builds become more enticing the younger you are, because the longer you plan to live in your home, the more likely that older elements of the home will need to be dealt with eventually. You might also consider a new build if the floor plan is one of the issues in your current home you’d like to correct.
Benefits of a Renovation
Home or villa renovations are often the preferable choice if your existing home is still in great condition and the changes you wish to make are cosmetic rather than repair-oriented. While a knock-down or rebuild will require that you live out of your suitcase for months, a renovation project allows you to continue living (albeit somewhat limited) under your own roof. This can dramatically reduce the overall cost of the project.
Not only that, renovations are considerably less expensive than new builds, but can nonetheless add substantial value to your property—paying off should you decide to sell down the line. You might also consider a renovation if the house has some historical value or vintage charm, allowing you to modernise your living situation without sacrificing the overall aesthetic.
Finally, renovations will require fewer necessary permissions for builders to acquire, making it easier and less complicated to get started!
Which one is right for you?
Ask yourself these questions as you consider whether to renovate or rebuild your home.
Find the right builder for your project
Whatever you decide, your project is dead in the water if you don’t have the right builder in your corner. LD Construction combines friendly, trustworthy service with years of experience in both new builds and renovations. Get you a building company that can do both. For new builds or renovations, or a conversation to decide which one is best, Contact LD Construction today.