Creating the perfect home for your lifestyle and design needs can be challenging. When you’re stuck at a crossroads of whether to do a compete rebuild or renovate your home to perfectly tailor it to your needs, there are a few things you should consider. Here, we detail how to determine which makes the most sense for you!
So, should you enhance your existing home with renovations or completely tear it down and rebuild.
While there isn’t a perfect formula to make that decision for you, there are several things to carefully consider to help you determine the best option for you. A few factors that will play a role in helping you determine the right choice include:
Long term goals for your home - Do you plan on selling it shortly after you make the changes? Or do you plan on making it your home for many years to come?
Existing condition of your home
Local building laws and zoning restrictions which govern the type, size and locations of properties
Rebuilding a home is often considered when you want to make a significant amount of structural changes rather than simply aesthetic ones. Rebuilding is also a popular choice if you want to make multiple energy efficient upgrades to your property, from windows and doors to roofing and insulation.
If time is of the essence, you may want to consider renovations rather than a complete rebuild because they are a bit quicker to complete. On the other hand, if you aren’t pressed for time, and want a substantial number of upgrades, then a rebuild may be in your best interest.
Top 2 Questions to Answer Before Choosing to Renovate or Rebuild Your Home
There isn’t a perfect formula to making this decision, but there are two important questions you can answer to evaluate which option is best for you.
#1 Is this your Forever Home?
As time passes, you may acquire several other homes or even choose to sell this one. However, as you find yourself answering this question try to be as realistic and honest with yourself as possible to determine the best move for you: renovate or rebuild.
Everything in your house from paint and appliances, to roofing and air conditioning has an expiration date. So, if you see yourself living here for at least 15 years, then you may prefer to rebuild it. But if you only see yourself there for perhaps 5 years, then renovating your home may be the right choice.
#2 How Much Money Do You Want to Put Into Your Home?
Defining your budget for your home rebuild or renovation can help you determine whether you should renovate or rebuild it.
If you prefer to put less time, effort, or money into your home, then renovating your home is the better suited option. In contrast, if you don’t have any budgetary or time limits, then you may prefer to rebuild your home so that you get exactly what you want.
Renovate or Rebuild: The Choice is Yours
It’s less expensive and timely to simply renovate, but you may not get exactly what you want, which is why it’s typically best to tear down and rebuild from scratch.
"The cost of tearing down and rebuilding will be about 20 percent higher than engaging in an extensive whole-house remodel,” according to Roger Greenwald, RA, AIA. “But the architectural benefits of tearing down and working with a clean slate can be huge: Better fundamental architectural design, all new systems, clean circulation, high-quality windows, new and efficient heating and cooling systems, tall ceilings, and space designed for your personal living patterns placed where you need it."
At Ryan A. Jones and Associates, we can make your renovation or rebuild a reality. Contact us today to see how we can give you the home of your dreams.