Your house is the place where you can cherish countless memories with your family. It’s a testament to your happy years and the challenges you faced. However, no matter how much you want to keep everything the way they are, any house comes to the point of deterioration.
With the changing times, you may want to incorporate upgrades such as smart gadgets inside your house. Alternatively, you may want to improve energy efficiency by upgrading the house’s wiring and lighting. You may also think of increasing the functionality by changing the house’s layout and maximizing the available space. Or you may want to improve the overall aesthetics.
Remodeling or rebuilding may not be a bad idea. However, you’re left with the decision to choose which is best for your beloved property. You have weighed down your options and decided to go for a remodel.
To make you even more confident with your decision, the following are the reasons why remodeling is better than rebuilding the house.
Cheaper Costs
Home remodeling costs are way cheaper compared to the costs of rebuilding your house from scratch. On average, the cost of building a new house is roughly $200,000 to $300,000 while the cost of an overall remodeling project is just at $40,000 – $60,000 — a glaring difference.
The home remodeling costs can further go down when you don’t need to remodel your whole house. To give an idea, these are some rough estimates for partial remodeling costs (In 2019):
- Attic Remodel: $9,500 to $15,000
- Kitchen Remodel: $6,500 to $18,000
- Bathroom Remodel: $5,000 to $14,000
- Siding: $6,500 to $13,000
- Roofing: $4,500 to $8,500
- Central Airconditioning: $4,000 to 5,000
- Interior Painting: $2,000 to $4,500
If you want specific values, you can visit the link for your customized home remodeling costs quote.
Faster Turnover of Your House
Building a house from scratch will take time. Custom-built homes take around 10-16 months according to this 2016 Survey of Construction by the United States Census Bureau.
With remodeling, the turnover of your new home will be relatively faster. For one, they will work on the current foundation and layout of the whole house. Additionally, if you will do partial remodeling, the work that needs to be done will be significantly lesser than starting from scratch.
No Unforeseen Rental Costs
Speaking of turnover, where will you stay while your house is under construction?
If you don’t have another house to stay in, you will incur additional rental costs on top of your construction costs for around that 10-16-month period.
With remodeling, you will save this rental cost.
Livable During Construction
When you need to remodel some areas of your house, you still have access to other parts. Unlike when rebuilding, you can’t stay there while everything is being constructed.
With remodeling, your house is still livable under construction.
Remodeling is not always the answer to everything. There is still the other option, which is to rebuild. The question is: when should you restore or rebuild your house?
You rebuild when your house has severe problems such as foundation problems or when you want additional installations that can’t be incorporated with the current design of your home. Ultimately, the choice is yours!