Renovations are the preferred option for those who want to make significant improvements to their home.
From the beginning, the renovations can be cheaper because permits for buildings are less burdensome. Therefore the cost of building permits and architectural fees is generally lower. Another benefit of renovating is the capacity to keep established setbacks. For small lot sizes, keeping the initial footprint lets you keep walls on the exterior and thus increase the dimensions of your home. No matter their age, existing structures are nearly always worth a look.
One of the significant benefits of a remodeling project is the savings in cost related to the dismantling and disposal of prior structure-related construction materials used for the previous structure. Additionally, there is the benefit of keeping waste materials away from landfills.
An excellent example of efficient renovation is a new floor that has basement underpinning.
Constructing a second level and repurposing an unutilized area can make a better space to meet your specific requirements. Costs for demolition for this kind of project could cost around 35K. Compare that to the cost of destruction for a brand new building for new construction, which could cost about 64K. This endeavor necessitates the use of the entire building. In addition to having the benefit of a second floor, you can also build an ideal family space or entertainment area in the basement.
The larger the area affected by the building, the more the price. Also, renovations don’t come without a hitch, as problems could arise regarding how the new structures connect to the existing ones. It could lead to unplanned costs and scope creep as the design is updated to meet current requirements.
Are you a good candidate for a rebuild and teardown?
There isn’t a method to determine if your house is suitable for demolition and reconstruction. Many factors affect the value of your home and its potential. Consider the following questions:
- Do you think your house is structurally weak or in poor condition, that a whole home remodel is essential?
- Are you living in an older home than the average home and less appealing in the current neighborhood?
- Is the electrical or plumbing wiring adequate to handle the weight of an addition?
- Are you just fed up with your house and would like to build from scratch?
New construction is usually more expensive than a remodel. The building permits are more comprehensive and include all additional licenses at the beginning, like a grading plan, HVAC design, and new underground plumbing services. The new home also has unique site services installed for electricity, water, and natural gas; it may not apply in a refurbishment.
The project’s magnitude is likely to attract more suppliers and subcontractors due to the size of the project and its cost. Pricing is much easier to determine and budget for as the quantity and price of labor are easier to estimate. The construction process is in line with the latest standards and building codes.
Both options offer numerous advantages to take into consideration before deciding.
While tearing down and rebuilding is undoubtedly the most expensive choice, the advantages of creating a new house outweigh the costs. Especially if you plan to remain in your home for the long haul is a compelling proposition.
Because you spend so much time at home, it’s natural to want to enhance it in ways that make sense and add enjoyment to your daily life. With a well-designed and detailed plan, it’s possible to achieve everything you need from the house that you already have. No matter what you decide to build, the cost will be well worth it at the end of the day!
We invite you to allow Ottawa Home Pros general contractors to win your trust and gain your business. Call us today at (613) 288-9145 or email us at info@ottawahomepros.com for your next home renovation or improvement project.
