Unless you have a clear preference one way or the other, determining whether you need a custom built home or a home remodel can be a tough decision. There are plenty of advantages to both, but after an analysis, you may discover one is clearly better than the other based on your specific situation.

Interest Rates

Even if they don’t affect you directly, they do the majority of homebuyers who need a mortgage to buy a home. When interest rates are high, fewer people qualify for home loans. Home renovations tend to increase when mortgage rates are high because there are fewer people looking for homes.

Legal Considerations

The local jurisdiction, your lender and the homeowner’s association (HOA) all have a say in whether it’s better for you to renovate or build a new home.

After you understand what’s possible and the degree of difficulty each option poses, look at the advantages of both renovating and a custom built home.

Building New

A new home will be exactly as you want it and have up-to-date wiring that makes living in the 21st century easier. It will be energy efficient, and nearly everything in it will have warranties for parts and labor. You can make the home as unique to you as you like with all the design features you need and want.


As a general rule, it doesn’t take nearly as long or cost as much to renovate a home as it does to build a new one. You might be able to stay in your home while the project progresses. You’ll be able to update your appliances and wiring to today’s standards and upgrade the plumbing. Depending on the scope of the remodel or home addition, you may not need to alter the landscaping.

Bottom Line

Deciding between a custom built home and a home renovation might depend on market forces or legal considerations. Both options result in the home you want, which makes all the effort worthwhile and rewarding. Alair Homes is here to help you through every stage of this project. Contact us to discuss your goals during a complimentary, no obligation consultation.