Should we renovate our house or destroy it and rebuild it?
We are often asked "how to decide if a renovation or reconstruction is the best decision for us?"
Well, first of all, let's look at the difference.
With a reconstruction, the chosen contractor will demolish the entire living space and rebuild it from the foundation. A renovation, sometimes called remodeling, is more focused on a specific area of your home, such as your kitchen or basement.
Secondly, for the purposes of this article, we assume that you like your location and absolutely insist on staying where you are.
So with that in mind, how do you decide which way to go?
The two main factors will be the age of your home and your budget. Usually, if your home is approaching 70 years old, that is, it was built before 1950 and your budget can absorb it, our recommendation would be to rebuild. This gives you a new idea for the future. For example, you know that your rebuilt home must adhere to all current building codes (no need to worry about asbestos, old wiring, or any other security problem that is common in any building. old houses).
advantages to this approach, as well. Since you start again, there is less time required for integration between old and new areas – this can be a tedious and difficult process. Also keep in mind that the options grow considerably with a rebuild – a typical example is a ceiling height of 10 "throughout the house. This is a simple feature to integrate, structurally, during a rebuild, but that is often a difficult change to make in a renovation, where the master plan of the house will set limits.
Finally, if your mentality is long term, a better financial decision to rebuild, despite the extra money initially required. The reason is that the entire house gets a "reset" overall and is therefore more likely to hold or increase its value in the future.
As with any decision like this, there are some disadvantages to consider. With a rebuild, you will have to relocate temporarily (try to find an entrepreneur who can offer you housing), while with a renovation, you can usually stay home during the process. You may also have neighborhood or community factors to consider.
I hope this has helped you make the decision that suits you best.