Shelter is a basic human need, since we all need a roof over our heads. Acquiring a shelter is one of the most important milestones in our lives, since it provides safety for our families and property.
Deciding whether to move into a new home or to simply renovate an older one is momentous, and several factors should be taken into account.
This blog will attempt to make that decision easier for you by weighing the pros and cons of both options.
The Lifetime Costs of a Home
New homes are costly to acquire: the initial investment is large and daunting. However, getting a new home will also save you the cost of carrying out renovations.
New homes have no previous owners, meaning that all the décor, fittings, and fixtures must be newly installed. Replacing these can take time and money.
For renovations, the cost of purchasing the home may be less than new homes.
Furthermore, renovations may be relatively minor, which will take less time. But for homes in need of major renovations, the cost may be prohibitive.
Doing a simple cost/benefit analysis of the two options is highly recommended.
Homes come in different designs. For a homeowner, getting the right design is critical, since it amounts to a lifetime decision.
For new homes, owners have the luxury of choosing their preferred design. By working with architectural firms, the would-be homeowner can oversee the design process.
On the other hand, renovations are possible only to an extent. A drastic change of design may be impossible to achieve at minimal cost.
For the homeowner with a particular design in mind, renovating an old home may mean giving up his or her preferences.
Hire an Architect
To make the decision easier, enlist the services of an architect. Place all your cards on the table and watch your decision pay off handsomely.