Custom Built Home vs. Home Renovation
Do you feel like your current home no longer fits the needs of your family? If so, it may be time to think about renovating or rebuilding your home. Knowing which option will fit your current needs may be easy. If you have unused space you want to convert or if you want to refresh your interior, minor upgrades are the way to go. For those who want to make their home more energy-efficient or add on a new room, a custom built home may be a wise choice. Lions Den Construction has a couple of suggestions to help you understand which type of project is best for your home.
Plan Your Budget
Renovating an existing structure will be more affordable than a new build, making it a more commonly taken on construction project. However, it is important to remember that older homes tend to cost more to upgrade due to new building codes. Depending on when your home was built, you may end up having to change the wiring, plumbing and even the insulation. These additions can push your budget far over the cost of a new build.
Your planned changes will also play a part in the overall cost. Older homes are more costly to convert to newer floor plans; such as open-concept homes. Newer homes are usually easier to convert. However, depending on the style they can be equally expensive at times. Take the time to research the cost of all the changes you plan to make before making a decision.
Think About the Project Scope
Renovating your home can change your space dramatically; however, there is a limit to those changes. Think about how you want your home to look now and what your family needs the most. Also, think about how your family will use the home several years later. This will help you to plan a space that suits your family’s needs both now and in the future.
Plan Your Location
If you want to rebuild your home from the ground up, consider the cost of demolition. Aside from that, a new build will mean moving to a new location. Think about where your new home will be located. Would it be near your work or your kid’s educational institutions? Sometimes finding the perfect location is harder than making changes to your current home. Weigh the pros and cons of both before making your decision.
Consult the Professionals
If you are not sure which type of work you need, we are happy to help you work through your options. Our Toronto construction company has the skills required to renovate any type of home, regardless of when it was built. We can bring old homes up to code and renovate newer homes to better fit your needs. We are also experts at creating beautiful and unique custom built homes. No matter your goals, Lions Den Construction are here to help you bring your vision to life. To find out more about our services or to get a quote for your next project, give us a call at (416) 893-8318 today.