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Creating Your Dream Home: Pros and Cons of Remodeling vs. Building New

Is your house not exactly your dream home? Do you crave a more modern kitchen, some extra square footage, or just better functionality?

You may be thinking about remodeling your existing home or starting from scratch to build something new, but don’t take a sledgehammer to your walls or put a for sale sign in your yard until you take a look at our list of pros and cons for both options.

Remodeling Your Current Home

If you love your house and don’t really want to move, a little refresh might be all you need to make your home dreamy again. 

Pros:

  • Remodeling lets you keep the location, schools, and neighbors you love. 
  • Staying put means avoiding the headache of a tumultuous real estate market.
  • Upgrades and additions can be customized to fit your exact needs.
  • Renovating an existing house is often more affordable than building a new one.

Professional contractors like Central Construction Group, a premier Indianapolis home remodeler, can work within your budget to make the upgrades and additions to your home for less than the cost of building new.

Cons:

  • Construction in your home causes inconvenience and disruptions to your daily routine.
  • Renovations might uncover unexpected problems like mold, faulty wiring, or structural issues, which could lead to additional costs and extra time to complete the project.
  • Contractors can only do so much with an existing property, so it’s possible that some dream home amenities will not be possible to achieve. 

Building a New Construction Home

If a big change is what you need, building a new house might be the best way to customize your own dream home.

Pros:

  • Builders can customize floor plans to fit your lifestyle.
  • A new location might offer amenities that aren’t available at your existing home, such as a larger yard, a swimming pool, or better schools.
  • Building a new home usually means no surprise costs due to unexpected architectural problems.

Cons:

  • New construction is often more expensive than renovating an existing home, especially in this time of low housing inventory and premium pricing for builder lots.
  • Moving to a new house means selling or renting your existing house during an unpredictable real estate market, as well as additional relocation costs such as movers, closing fees, and possibly higher property taxes.
  • Leaving behind cherished memories and beloved neighbors could be an emotional impact that’s not worth a new address. 

No matter which option you choose, Central Construction Group is here to help. If you have questions about making your dream home a reality, call CCG at 317-213-6246, or connect with us on Facebook and Twitter.

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