When it comes time for your family to upgrade your home, you have two options: you can
remodel your current home or build a new one. There are many factors to consider when
making this decision, including your aesthetic preferences, your functional desires, but perhaps
most importantly, your budget.
Most times, remodeling will be less expensive than building a new home, although there are
some exceptions. There are several ways that remodeling, as opposed to new construction, can
cut costs. For example, homeowners can choose to leave some aspects of the structure in
order to save money. Additionally, remodeling allows you to invest in your home and potentially
raise the value.
When undergoing a new construction project, the homeowner will be responsible for several
costs not present in remodeling. For example, there are a number of pre-build costs to consider
such as demolition and permits. The homeowner will also have to pay for the foundation and
framing, whereas most of the time a remodel doesn’t need a new foundation or framing.
Additionally, the homeowner will have to purchase a vacant lot as well as utilities. However, a
new construction home may save you money in the long run, as you are less likely to make
updates or changes on the home, as it is already designed perfectly to your vision.
It’s hard to estimate the exact cost of a ‘typical’ remodel or new build–because there’s no such
thing as a typical project! However, your best reference for trying to estimate cost is a builder
who has completed a similar project with the area.
However, like any rule, this one has some exceptions. For example, if the home you are
remodeling is particularly old, it may contain harmful building materials that will need to be
remediated. This is an example of something that can drive the cost of a remodel up. A good
rule of thumb is that the older the home is, the more it will cost to remodel.
When deciding between these two options, make sure to consider other factors, such as the
amount of time you want to spend on construction–keeping in mind that the longer a project
goes, the more expensive it tends to be.
At Center Island Contracting, we have decades of experience in both new construction and
remodeling. Your project manager can help you determine which option is right for you, but
these guidelines can help get you thinking about your family’s needs.
Our highly qualified Long Island contractors can assist in accomplishing your kitchen remodeling project on the north shore of Nassau county, Long Island, Oyster Bay, Manhasset, Plainview, Jericho, etc., from small additions to major