As a homeowner, nothing is more fulfilling than staying and living in a property that you can call home. It is for this reason that you’ll do what it takes to invest in an ideal home construction. When it comes to this, you usually have the option to have a complete knockdown and rebuild or pursue other forms of renovation. The question is: which of the two is a better option? Ultimately, the choice will boil down to a handful of factors, such as your circumstances, financial situation, and household needs.

In this article, we will share with you more about the differences between a home renovation and new construction to help you make an informed decision.

Home Renovation

As the name suggests, it doesn’t entail the demolition of your existing house. Instead, it will only focus on several aspects of your house that can be updated, remodelled, or even extended. For the most part, the kitchen, bathroom, and basement are areas of a house that are renovated. The goal of having a home renovation is to enhance the aesthetic appeal and increase functionality.

Some Considerations:

There are a few considerations that you need to be wary of when renovating your home. Below are some of the drawbacks that come with this option:

• Lack of privacy: Prepare yourself to have the contractors and builders take away your privacy during the renovation period. They will have to occupy your space so that they can carry out the project and even work during odd hours, weekends, and holidays.

   

• Mess: Expect your house to be a complete mess as contractors and builders work on certain areas of your house. Despite the horror of a sight, rest assured that cleaning will be a part of their routine as well.

   

• Disruptions and stress: Be open to any major disruptions in your home during the entire renovation process. Along with this comes the stress that the whole household has to face. 

New Construction

This will be your best option if your existing house can no longer be remodelled or renovated. For the most part, an old and outdated house needs to be demolished and reconstructed with modern materials and functions. Also, new construction will be a better option if the major home renovation costs equal to or are almost the same with new construction. For this reason, it’s a practical move to have a new construction for a clean slate, as you aspire to pull off the type of dream home you envision.

Some Considerations:

One major drawback of new home construction is the overall cost. It can be quite expensive to pursue this type of project today, which is why many homeowners choose to have a renovation instead. Here are some of the costs that you will have to prepare:

• Demolition
• New services
• Other miscellaneous expenses

Whether you opt for a home renovation or new construction, know that your home project requires designs, plans, specifications, and building permits. Consider as well the people who will be working on your home, the materials and supplies needed, the tools and equipment required, the overall cost, and the timeline of your home project. Once you factor in all the valuable pieces of information discussed above, you’ll be able to make an informed decision.

If you are looking for a custom home builder in Richmond Hill and the Greater Toronto Area, get in touch with us today to see how we can build and deliver your new home!