Should I renovate or build a new custom home?

Should You Renovate Or Build New in the Macedon Ranges?

When you’re choosing whether to renovate your current place or build a new home altogether, it can be a difficult decision. There are several important factors to keep in mind when making this decision. Renovating or choosing a builder in the Macedon Ranges are both big commitments, so it’s essential that you’re satisfied with your choice. The following aspects are some to keep in mind when considering your options.

Location

The location of your home or your potential home is one essential consideration for whether you should renovate or custom build. If you enjoy where you currently live, especially if you have friends and family that you would appreciate staying close to, you might consider renovating rather than building. Alternatively, if you specifically picked out a location for your new home, then renovating won’t help with that.

Property & Resale Value

Considering the resale value of your home and the property values in your area is also important. If property values are on the rise and renovation costs won’t outdo the home’s resale value, then renovation may be the ideal decision. On the other hand, building a new custom home would be better if you aren’t going to get the value out of the renovation.

Ability to Make Changes

It’s also entirely possible that the renovations you would like aren’t possible to complete. This can be for many reasons, such as not having a large enough property or your home may not be structurally sound enough to support any additions. Whatever the reason, it may simply end up being easier to choose a builder in the Macedon Ranges than to renovate.

Timeline

How swiftly you need this work completed could also affect your decision. In general, it’s quicker to complete renovations than it is to build. For example, if you need extra space in your home due to an impending increase in the size of your household, renovating will likely be a faster way to get that extra space. However, if you aren’t in as much of a rush for this change, then renovations may not be necessary.

Personal Preference

Overall, your personal preference will make the biggest difference in whether you decide to renovate or build something new. If you enjoy the place you currently live in and just want some changes to better accommodate your lifestyle, then you’re more likely going to prefer a renovation. However, if you would like to live somewhere new and are looking for a different house design altogether, then building with a custom home builder in the Macedon Ranges would make more sense.

Get a Professional’s Opinion

This is by no means an exhaustive list of all considerations that should be made when deciding to renovate or build. Each person will have their own aspects to evaluate, and there are bound to be factors that a person won’t think of on their own. Getting help from a builder is a good way to ensure you’re properly weighing all possibilities.

If you’re considering renovating or building a new home, Jackson Dwellings can provide you with professional guidance. Get in touch today to explore your options.