The Benefits of Building a Luxury Home Versus A High-End Renovation
Deciding whether to build a high-end luxury home or remodeling an existing one is a tough decision. Both of these options allow families to own their dream home. Building a luxury home can set you back thousands of dollars, but so can a high-end renovation. When it comes to choosing between a luxury home and a high-end renovation, many families choose the former option. Why, do you wonder? Let’s take a look.
A major benefit of building a new home vs. renovating an existing one is that you have the freedom to choose the location. You can collaborate with a home building company near you to find a convenient location. Look for neighborhoods where property prices are constantly appreciating. When renovating a home, you cannot do anything about its location and must come up with an idea to compensate for the limitation.
In new construction, customization costs can be rolled into the overall home mortgage cost, and hence, many new homes can cost a fraction less than the out-of-pocket costs for a high-end remodel. Additionally, every remodeling project has a useful life. When choosing between building a new house or renovating an existing one, you need to determine whether the renovation will be worthwhile in the long run.
Zero Infrastructure and Toxicity Issues
If your home was built in or before the 1980s, there is a good chance that asbestos was used extensively in its construction. Asbestos is a toxic substance. Asbestos exposure has been linked to various disorders such as diffuse pleural thickening and pleural effusion.
Decades of exposure can result in more serious health issues such as lung cancer. When renovating an old home, you may be forced to cough up hundreds or even thousands of dollars in remediation. Because asbestos was banned in 1989, it is no longer used in home construction. Also, in homes that were uninhabited for a long time, biological toxicity can be a major issue. New construction eliminates concern.
An existing home may have various infrastructure issues such as outdated or faulty equipment, malfunctioning HVAC and plumbing systems, and outdated wiring. Coming up with a plan to address these issues will be an uphill task, especially if accurate drawings are not available. New construction addresses this problem as most new homes come equipped with the latest technology.
When building a new home, you will have the freedom to choose everything from the layout to design elements. You can build pretty much whatever you want. At Holly Construction, Inc., we have mastered the art of designing functional and aesthetically pleasing homes. As one of the most trusted general contracting services in Santa Rosa, we have taken upon ourselves to help families make their dream houses a reality. To talk to one of our experts, call us at (707) 541-0700.