Is it Better to Remodel Our Existing Home Or Build a New One?

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Is it Better to Remodel Our Existing Home Or Build a New One?

Do you think your home needs a facelift? Is your kitchen dated and you’d like to have more space? Perhaps you’d rather spend time outdoors, not mowing your lawn. Then you might be wondering, “Is it better to remodel our existing home or build a new one?” Read on to learn about the process and what to expect. And remember: there are many benefits to home remodeling. If you’re not sure what you want, ask for advice.

First, know your budget. Home renovations vary in cost, so it’s important to plan accordingly. Better Homes and Gardens recommends budgeting for a project of this magnitude. You can also check the annual Cost vs. Value Report published by Remodeling Magazine for an idea of what your home should be worth, and budget for a 10% to 20% margin for unexpected costs. After all, no renovation is perfect, so if you’re not comfortable with the costs, make sure you’ve considered the pros and cons before making a decision.

After deciding on your budget, make sure you hire a professional remodeling contractor. If you don’t know what to expect, home remodeling can become an expensive nightmare if you don’t plan properly. The costs can quickly go over budget and take longer than expected. You might be tempted to cut corners, but it’s better to be safe than sorry. A professional designer can provide you with a realistic estimate of what your home renovations will cost – and help you avoid overspending and stress during the project.