Deciding Between New Construction & A Remodel?
Your home is where you likely spend the majority of your time. Understandably, at the end of a long work day, you want to come home to a relaxing and safe place! Not to mention, you want the space to reflect your personality and be uniquely your own! When it comes to purchasing a home, you obviously have a variety of options. Some homeowners prefer to purchase resale, and others like a fixer-upper challenge. At the other end of the spectrum, some people would rather buy something completely new! After all, it’s nice to pick out all of your material selections from the ground up. Not only will you get to hand-select items that reflect your style, you’ll also be able to choose a floor plan that best suits your needs.
Naturally, with all of the homebuying options comes a variety of pros and cons. At Hearthside Homes, we often hear homeowners compare a renovation project vs. purchasing a new build. In today’s blog, we’ll unveil a few things you should consider before making a decision either way!
The Affordable Option Might Not Be Obvious
When it comes down to deciding between a new build or a remodel, pricing is obviously a factor. After all, you want to get the best bang for your buck! Some people purchase resale homes with the intention of renovating from the beginning. Although small changes can easily improve the aesthetic and functionality of the home, some larger projects can be overwhelming to tackle. Not to mention, cost way more than you ever imagined!
Before committing to a remodel, it’s important that you get quotes from several contractors. If the scope of work is exactly the same, but the bids are drastically different, plan on spending somewhere in the middle. They key thing to consider is if your investment and time under construction will outweigh the overall outcome. If you’re going to spend 100k on a renovation that will take a year, it might be best to sell the house and buy something new. You might be surprised what you can get BRAND NEW! Not to mention, no one wants to live in a construction zone.
Will The Investment Be Worth It?
You know what they say, “Location, Location, LOCATION!”. It’s so important that you consider the homes value before committing to a big remodel job. The last thing you want is to try to own the most expensive house in the neighborhood. If you remodel the home too much for the area it’s located in, you might not get your money back when it comes time to sell.
Before remodeling or buying a home, consider the property value of nearby homes and the school district. Homes that are within good school districts are much more likely to retain their value in the long run. If your current home is already on the higher end of the homes in the area, it might be best to relocate.
The Structural Integrity May Be Compromised
The outcome of a remodel might not be up to the quality you had in mind. Especially if you’re on a budget or attempting to DIY some things. The reality is, older homes sometimes need structural issues resolved before you can attempt to address the cosmetic concerns. When you buy a fixer-upper, you might have to replace the roof, buy a new hot water tank, or even put in a retaining wall. It’s important to consider the costs of both the structural and superficial changes you’d have to make to an existing home.
Piece of mind is a huge benefit to purchasing a new home. You won’t have to lay awake at night wondering if the heating or cooling is about to go out! Not to mention, newer homes are more efficient and often have better technology. Thus, making your life a whole lot easier!
More Free Time On Weekends
Do you enjoy free time on the weekends and outside of work? Something one can’t deny is that new homes require far less maintenance than their resale counterparts. There always seems to be something that needs to be repaired in older homes. From regrouting tile, to touching up paint and switching out outdated fixtures, there’s a lot of maintenance associated with an older home!
When you buy a brand new home, you can rest easy knowing that you won’t have to make updates for a while! Plus, a good builder will have a 1-year warranty and check up on you to make sure everything is functioning properly!
Want To Build A Home In The Kansas City Area?
Are you considering building a home in the Kansas City or surrounding areas? The team at Hearthside Homes would love to help you build your dream home! `We currently build houses for homeowners in the Kansas City, Parkville, Liberty and Kearney area. Our team has been in the home building business since 1987! We’ve helped thousands of people find their home in Kansas City, and we would be honored to help you!
Working with Hearthside Homes is easy! Start by simply requesting a free quote on our website. Once you fill out the form, one of our experts will contact you to walk you through the process. We won’t pressure you to make a decision, we’ll simply have a friendly discussion with you to see if you have any questions. After all, building a home is a big decision! We want you to feel confident in your investment!
Once you decide that Hearthside Homes might be the right builder for you, you can choose from one of our awesome floor plans! We build these homes time and time again, so we know that they are functional, beautiful and will last for years to come! Additionally, you’re welcome to tour some of our spec homes so that you can see our quality and craftsmanship first hand!
To make the process even easier, we’ve built a Design Center. Not only does it serve as our showroom, but it’s also our office space so an expert will be there to assist you during your visit. Give us a call to schedule a one-on-one meeting at (816) 781-0234, or simply swing by if you’re ever in the Liberty area! Our address is 1915 Industrial Dr (Suite #300), Liberty, MO 64068.
Learn more about our home building process by clicking here. Did you know that, on average, it only takes about six months to build a Hearthside Home?!