Homeowners, especially homeowners who want to make major changes to their home, often ask us, “Is it better to renovate or rebuild?” This sounds like a simple question, but really, it’s not. In some instances, renovating the home is the way to go. In other circumstances, it’s a no-brainer: knocking down an existing building that doesn’t work and rebuilding a home that does is the smart choice. There are several factors that go into determining what’s right for your family.
Some of the factors to consider include:
The Value of Your Home
If homes in your area are selling for two to three times what the home you live in is worth, real estate experts say you may want to consider rebuilding the home rather than renovating. Rebuilding is a more cost-effective way to bring your property values more into alignment with the rest of your community. Rebuilding allows you to start fresh, without the need to address any problems in the old house.
Which brings us to point #2:
The Condition of Your Home
Some of the older homes in the Medfield area are in great shape. Others, not so much. If you’re deciding whether it’s a smarter move to renovate or rebuild, you have to take an objective look at the current condition of your home. What type of shape is it in? Assess your home carefully. Is the roof in good shape? How is the structural integrity of the home? A licensed home inspector can help you answer these questions objectively. If your home is structurally sound but needs cosmetic upgrades, it’s easier to choose renovation. If your home has major structural issues, rebuilding is the better option.
Many of the homes in our region are older. The desire to preserve a home, whether it’s historically important or just a cherished family home, plays a large role in the choice to renovate. Medfield home renovations allow you to preserve the character and feel of your home while creating inviting, welcome spaces custom designed to meet your family’s needs.