The most common dilemma that you can face as a homeowner is whether you should renovate or rebuild your property. To choose wisely, you have to consider your budget, the availability of architectural services, local property laws and finally, the condition of your existing house. As an impulse thought, most people would choose to renovate rather than rebuild, since they may feel that the former would be more affordable.
We are here to explain to you that rebuilding on your existing lot can have surprising benefits over remodelling or renovating, including being more affordable in the long run! Read on to understand why you should consider rebuilding your home.
- It is a long-term solution.
If this is THE house for you, in terms of the neighbourhood, the proximity to your kids’ school and the mall, then you should definitely consider rebuilding on your existing lot than simply renovating around the house. In case you have no plans to move out in the near future, you should ideally rebuild so that you can incorporate all the changes you’ve wanted and create the house of your dreams.
- It is an investment.
Does it take a few more thousand bucks to rebuild, when you could remodel for cheaper? Yes. Tearing down an existing structure and building it from scratch is usually an expensive procedure- but hear us out- this is an excellent investment for the future. Consider this, you get a small-scale renovation done around your place, but the existing structure remains the same. You cannot be completely satisfied with how it looks now, since the designs are not complimenting each other. Twenty years later, you would not get the right price for your house in case you are putting it up for sale.
Getting a complete uplift will help you save up on frequent remodelling expenses, and you can customise your home any way you want, once and for all. You can also avail a better warranty offer with a complete rebuilding.
- It is cheaper than buying a house.
This goes without saying, rebuilding on your existing lot will be way cheaper than buying a new home. This would also increase your equity and prove to be a much more affordable solution if you want a change around yourself.
- Structural problems.
For houses that have long-standing issues with plumbing, wiring and water damage, getting a remodel will only weaken the structural integrity of the building, leading to more remodelling work which would end up being more expensive. If your house is infested with mold and crumbling down in places, go for the rebuild option and to ensure your family’s safety and to secure market value of your property.
Arbor Farms Communities LLC will give you the optimal benefits of open living and cutting-edge designs. We are a family owned business with over 100 successful years of operation. Our colonial and ranch-style designs are unparalleled in Michigan.