It can be daunting to know if you should remodel or rebuild your home. How can you tell which is best for you? What’s the difference?
Remodeling is changing the look, feel, and layout of your existing house while using the structure as a guide to overhauling the interiors. Rebuilding replaces the old with a new house and will allow you to include more features than the original. Of course, not everyone has the exact needs and wants the same things from their homes. If you’re unsure if you should remodel or rebuild your home or even consider selling to cash house buyers, check out these four telltale signs that help determine the ideal course of action for your situation.
How long do you think you will be living here?
If your current home, a house you have inherited or just bought has seen better days and needs some major TLC, then knocking it down and utilizing the space for a new purpose-built home can be the best option. If this is to be your forever home and you do not want to move again, it might be worth rebuilding from the foundations upwards. However, if you are planning on moving again or only living in the house for a short while, then why not look at preserving the house and making renovations throughout to adapt the structure and layout to fit your needs? You can still consult home buyers for a fair price if you feel the work is too much to take on and use the funds to finance a new property purchase that doesn’t need as much work.
How much can you afford to spend?
If you have a limited budget, remodeling might be your best option. The majority of the work that goes into remodeling is done on the interior of your home. You can usually find quality contractors for this type of work who are more affordable than those specializing in new builds. The same goes for designers and architects – they tend to charge lower rates since they don’t need to spend as much time designing a home from scratch.
Are there any zoning restrictions?
Zoning restrictions are essential to consider when deciding if you should remodel or rebuild your home. If there are any zoning restrictions in the area, your options may be limited. For example, some communities have height limits for homes and limit the number of bedrooms a home can have. Or you may live in a historic zone, meaning you need to keep in with the look and feel of similar properties in the area, therefore, restricting your further.
One thing to keep in mind is that there may be other regulations that don’t allow you to change the size of your home with a rebuild. That’s why it’s essential to consult with an expert before deciding on one option over another.
What is the true condition of the house?
The first sign to determine if you should remodel or rebuild your home is the true condition of the house. It might be best to get a structural survey done to thoroughly assess the situation and give you further insight into the house’s condition. You might find it structurally sound, and issues are mainly cosmetic, meaning you might be able to avoid a complete rebuild. Alternatively, you might uncover significant issues you were unaware of, forcing your hand to decide what is best.
In case you have any architectural, structural, and MEP design including fire sprinkler design requirements, or need remodeling of your home, feel free to contact us. We provide you with the full permit set design + T24 for your request.