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Remodeling Existing Home vs Building New Home

History & The Team

Learn about the differences between remodeling an existing home and building a new home.

Deciding between remodeling your existing home and building a new home is a very important choice. There are advantages and disadvantages to both options, so it’s crucial to know as much information as possible before making the final decision. Continue reading to learn about the pros and cons of remodeling and building new to make the decision that is best for you!

Pros and Cons of Building New

Building a new home comes with many advantages, as you can design your home exactly how you want it. A custom home is great for those who know exactly what they want, as you can choose the location, the design, the layout, and much more. Also, if “going green” is important to you, building a new home is that way to go. New construction makes it very easy to make an energy efficient home by installing solar panels on the roof, choosing energy-saving windows, and installing eco-friendly appliances.

However, there are also a few cons of building a new home. Generally, you need to own a lot before financing the new construction. That lot can contain many variables in soil conditions, which can lead to unforeseen additional costs. At T&G Builders, we have dealt with many customers who originally wanted to build a new home but ultimately decided against it after learning about all of the latest building requirements and their associated costs. Make sure you research the requirements, laws, and costs associated with building a new home before making the decision.

Pros and Cons of Remodeling

On the other hand, remodeling an existing home is a great choice for homeowners who truly love their home’s location and can’t imagine living anywhere else. Although remodeling is a huge project, you don’t have to go through the struggles of getting settled and living in a completely new place. Remodeling is also the right choice for homeowners who only want a few upgrades, or to add a new room or second floor.

There are a few cons of remodeling, including the overall cost and changes to your daily life. Remodeling typically takes less time than building a home, but your life is more directly impacted if you are inhabiting the home. You will have someplace to stay during the process of building a new home, but during a major remodel, you will have to live with the constant construction or find a temporary place to stay during the renovation process. If you have an older home, lead or asbestos could be present, which could lead to additional work.

Also, your initial decision of remodeling your home may be to save money, but it’s important to know that a major remodel can cost almost as much as building a home from the ground up. It’s very easy to get carried away during a home remodel, and you may spend more than you anticipated. When remodeling your home, it’s crucial to be cautious of over-improving, as this can result in not getting the return on your investment when you re-sell your home.

Custom Homes and Remodeling With T&G Builders

T&G Builders, located in Berlin, MD, has been a premier waterfront custom home builder and home improvement contractor serving Worcester and Sussex Counties for over 25 years. We are a locally owned and operated business known for our uncompromising commitment to quality, our passion for using innovative technology and premium materials to complete projects, and our exceptional attention to detail. In addition to building custom homes, we also specialize in remodeling your current house into your dream home! Our skilled team can assess your needs, determine the right design for your addition or improvement, and complete the entire construction process.

To see what your dream home could look like and receive a free home design, contact us today! Don’t forget to follow T&G Builders on Facebook, Twitter, Pinterest, and Houzz.

This entry was posted on Friday, September 7th, 2018 at 11:35 am. Both comments and pings are currently closed.