Consider These Factors Before Deciding to Renovate or Rebuild You Home

After living in their homes for a long time, some homeowners can feelthat their house doesn’t suit their needs anymore. This happens when a house is becoming old and needs to be modernized or feels too small for a growing family. But they may not want to move because they’re happy with the schools, parks, families, and other aspects of the neighbourhood.

Here, they may consider renovating or rebuilding their home. However, this can be a complicated process. If you’re thinking about either option, then consider the following factors before you start.

#1 Find the Right Contractor

You’ll need high-quality demolition services when renovating expanding or rebuilding your home from a contractor company that knows what it’s doing to have a stress free experience. There are many ways to identify the right contractor for the job.

  • They have been in the business for a long time
  • They have a strong reputation
  • They can offer multiple references
  • They offer friendly yet professional services
  • They provide accurate quotes free-of-cost
  • They have the expertise to complete industrial, commercial, or residential projects
  • They offer complete or partial demolitions
  • Their demolitions are fast, clean, and affordable
  • They use electric, fumeless equipment, which is safer for you and the environment
  • They are insured, certified, and prioritize safety

#2 Weigh the Costs

While many homeowners believe that renovating is more cost-effective than remodelling a home, this isn’t always the case and depends on multiple factors, such as the size of the house, the location, accessibility, and more. In some cases, it can be more cost-effective to simply rebuild a home.

While the upfront costs of renovation are usually lower, the long-term costs can be higher. What’s more, rebuilding can be a longer-lasting and more satisfying solution. The costs of large renovation projects in an ageing house can quickly pile up if you discover a cracked foundation, mould, or pipes that need to be repaired or changed. Ultimately, whether it’s cheaper to renovate or rebuild depends on your situation. It’s important to hire an expert to inspect your home before starting a cost-benefit analysis.

If you’re simply interested in more space, then usually the best option is to extend the rear of the house to increase floor area. Not only is this more cost-effective, but it’s faster to accomplish.

#3 Rebuilding Can Be Complicated

If the house isn’t strong enough for a second-floor expansion and a first-floor expansion just won’t cut,the renovation costs are too high or if the house is in poor structural condition, then rebuilding can be the more cost-effective and safer route. But this can be a complicated endeavour and may require research.

For example, if your house is historically significant then it may be protected from rebuilding as a heritage home. Getting permission to rebuild a heritage home can either be impossible or may require a long time to cut through local and federal red tape. Likewise, it may not be worthwhile to rebuild your home if local building codes limit your project.

While there are multiple factors involved, you can make the right decision by doing your research, planning meticulously, and getting the right professionals on your side.