Wondering whether to knock down and rebuild or renovate your existing home?
We at Parkvuehones often get asked by homeowners whether we think they should renovate their existing home or build new. The answer, of course, depends on your unique situation, your financial goals and future plans. The important thing is to consider what each path offers.
You should start by considering the home’s intended use. What sort of living areas do you need to fit your lifestyle? How much room do you need? If you have specific ideas, now is the time to bring them out. Once you have the answers to these questions, dig into the structural soundness and health of the foundation as much as you can. If the foundation is cracked or the frame of the house is compromised, there is little use in spending a lot on renovations. Depending on the type and amount of damage, you may find demolishing the existing house and rebuilding to be a better choice.
After every angle has been taken into consideration, how much will the renovation cost in the long and short term? More specifically, is it worth the cost compared to simply building from the ground up?
In the end, your needs, situation, and budget help you make your final decision. We at Parkvuehomes are always there to guide you step by from planning to construction. The wish for a home that is built precisely to your desires can push the decision towards a new build.
If you need help weighing your options, please feel free to reach out to our team. We are always here to help!
