When to remodel and when should you just start over or maybe it’s just time to list the home as-is? If you have a house and you are not pleased with its current physical and structural appearance, most likely, you may have thought of improving it to suit your preferences. You will have to decide to either remodel it or tear it down and rebuild it or just sell. These are crucial decisions and need to be thought out carefully before an action is taken. Below are some factors that you need to consider.
When to Remodel and When to Tear Down and Rebuild
Significance of the renovation
It is essential to consider the complexity of the architectural renovation and changes that need to be done on the house concerning the structures that will remain unaltered; that is, the relation of room number to be added to the original design to be retained. If you want to make significant changes to the original structure, it is better to consider tearing down and rebuilding. Still, if you make minor changes, renovation can serve you well as it will be cheaper.
How long do you intend to live in that house?
From a financial point of view, it is far better to rebuild a house than to renovate it if you intend to sell it in the future. Buyers always consider the age of the house before they can make a purchase. Tearing down and rebuilding will help reduce the age of the house at the time you want to sell, as the age of the house will be calculated from the time the rebuilding was completed up to date, thus attracting buyers. On the other hand, the renovation will not help reduce the age of the house and therefore becomes a viable option if you have no intentions of selling your house.
Amount of money you want to spend
If you do not have much money to spend at once, remodeling is the best option; you can remodel a single room at a time as your budget allows, moving on to the next room when you are confident you have saved enough money to finish the renovation. It would be unwise to demolish a house and fail to rebuild to completion due to a shortage of resources.
Determine the condition of the house.
Even though you can remodel all houses, it is ill-advised to remodel some. A typical scenario is when the foundation of the original house is poor and requires to be reworked before any remodeling is done on it. Also, a ceiling that needs to be raised in a house with limited space may prove costly because the floor above will need to be demolished and rebuilt.
Maybe it’s just time to sell?
With the way the market is, most homeowners don’t have to do much to sell their house, if anything at all. Maybe it’s just time to sell and start over with a new house, you know, like Love it or List it?
With all these factors at play, remodeling or tearing and rebuilding can be possible, cost-effective, and beneficial to homeowners. Or maybe it’s just time to sell. If you’re ready to find the home of your dreams in Huntington Beach or surrounding areas and say to heck with all the remodeling business, give me a call!
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