When a home gets into such a state where almost everything needs tweaking, changing or replacing, homeowners may begin to consider a home remodel or rebuild as the best approach to take. And sometimes it is hard to come up with a decision, because both projects involve a lot of work and can cost a fair amount of money. With a rebuild, you are literally looking at tearing down the entire structure and building it from scratch. However, a remodel is slightly more creative, because changes are made to the existing property one step at a time. But what process will work best for homeowners in Georgia?
Home Remodel or Rebuild – What is Better?
The first question you have to ask yourself is what are my future plans for this home. Are you planning to stay in the house for the long-term? Maybe you are looking at selling it or moving after a few years. If you’re leaving the home or the city within the next few years, a rebuild makes no sense at all. It would take so much time to finalize. In addition, you wouldn’t get much value on the project, both from a financial and emotional point of view.
In contrast, if you are planning on sticking around in the same house for the next ten to fifteen years, or you plan on passing on the home to one of your kids after you pass away, tearing down the home and rebuilding is not such a bad idea. You still own the property, which means the home will have a very good value after it is fully rebuilt. Furthermore, you will also get to enjoy the brand-new home for many years to come. The only question you have to ask is whether you have the money to complete a rebuild.
Remodeling on a Budget
Even for those homeowners who are looking to stay in the area for many years, the budget does not always exist for an entire rebuild. Sure, you could take out a loan for home improvement project. However, not everyone wants to get into more debt for the sole purpose of renovating or rebuilding their home. On a budget, a remodel makes a lot more sense. You have full control over what you are spending on. For instance, you could get certain rooms remodeled in the first year. Then later, you can plan out additional remodels down the road. Even though the entire remodel may take four or five years, you would be paying for the work gradually, which means it is not such a financial hit.
The final thing you have to ask yourself is whether a remodel would even help the house. For instance, if your home has serious foundation damage, the question of a remodel or rebuild is a moot point. You will have to go for a rebuild as a viable solution. So, make sure you talk with a contractor who can assess your home from a structural standpoint. As long as your home is structurally sound, you can make an informed decision about whether to remodel or rebuild!