Deciding whether you should remodel or move forward with a custom built home isn’t always a simple decision. It may depend on a host of often complicated variables. They may range from your personal tolerances for disruption to what you ultimately want to accomplish by way of a home.

What Are Your Goals?

When you first start thinking that your existing home needs renovation or you’ve simply grown out of it, identify the reasons why your home isn’t meeting your needs. They may help you understand the fundamental reasons you want to make changes.

Forces Beyond Your Control

The housing market may dictate whether you choose to remodel or sell. Generally, when interest rates are high or rising, the demand for homes declines and it may be difficult to sell your home for the price you want. Many people choose to renovate instead.

Move or Renovate?

If you live in a masterplanned community with a homeowner’s association (HOA), odds are the HOA will want to know every detail of your renovation, especially if the project involves extending the footprint of your home. You’ll also have to find out if the local jurisdiction will approve an addition based on the lot size and zoning restrictions. If they won’t approve the changes, your best option might be a custom built home.

Advantages and Disadvantages of Building a Custom Home

New homes have many advantages, particularly because:

The disadvantages of building a new home include:

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Advantages of Renovating

Although renovating your home usually involves some disruption, it does have these advantages.

The downsides of renovating include:

Bottom Line

The decision to renovate or go forward with a custom built home isn’t always simple. It’s important to take the time to think through the whole process and speak with a qualified professional like Alair Homes before moving forward. Taking the time to do both will help you to reach the best decision for you and your family.