When planning your first home, it’s easy to first think of the interior design—how it’s going to look when you’ve finally settled in. However, an important detail to prioritize is the actual structure of the home.
Depending on your budget, you can build a new foundation at an empty lot (or, alternatively, tear down an existing structure and rebuild). On the other hand, you can opt for simply taking a house with sound foundation and remodeling it, or redesigning it, to your liking.
Choosing between home remodeling and (re)building would require a lot of thought. In this article, let us walk you through the key differences in helping you make the head-scratching task somewhat easier to navigate.
Home Remodeling vs. Rebuilding: What To Consider
This big decision requires careful deliberation of key factors, namely cost, time, and results.
These factors will surely influence your decision, but the current condition of your house’s foundation will also affect the actual work that will be put into the project. It’s important to understand how home remodeling and rebuilding differs, with respect to the three key factors.
Cost
Every pound of a hammer and every stroke of a paintbrush has an equivalent fee. What is your financial situation? Your decision whether to rebuild or remodel will mostly be affected by the amount of money you are willing to spend in this endeavor.
Time
How much time will you allot for the renovation to finish before you need to be back in your house? Do you have somewhere else to stay in while construction is ongoing or none? The timeframe you set will affect your decision as well.
Results
You have to go back to your goals in your home design planning. Your house needs to look aesthetically pleasing and true to your needs at the same time. Your desired outcome for the layout of the floor plan, the size of the house, and even the home interior design will all play a role in your decision-making.
Make The Smarter Choice With IEO
When choosing to rebuild or remodel, what you want to achieve is, of course, the realization of your dream home—but you should get your money’s worth, too. That said, home remodeling is still the more valuable choice between the two in terms of practicality.
As an industry leader with more than 30 years of experience, IEO Interior Design & Construction is known for our excellence in repurposing existing spaces to make homes for emerging companies and young families alike. We make sure to work within your requirements, goals, and budget. Consult with us for your home remodeling projects.