Remodel vs Rebuild
Time & Budget
When evaluating whether it makes more sense to renovate or rebuild your home, the place to start is to review your timeline and budget. Thinking through your desired project timeline and what you hope to accomplish within that time period is step one, as the project budget is directly linked to timeline. We recommend weighing the options with your Pre-Design Team as each project is unique and many factors will affect how long a project will take. Looking at the full scope of options with your Pre-Design Team will help you create a strong foundation of understanding for how to move forward.
Here are a couple of key questions to consider:
- Do you like the Structure of the home you are in?
- Do you like the existing architectural style?
- Are the changes you’d like to see structural – are you hoping to update the “bones” of the space, or are they more aesthetic choices?
If your vision is to open up the space in a brand new way and change the structure, you’re going to want to lean towards a rebuild. While a renovation can also transform and open up a space, there will be considerably more constraints in terms of the final product. It’s worth evaluating your long-term goals for the space and investing your dollar in that vision.
While most of our clients want to build forever homes that they can enjoy and flourish in for the long term, many are also considering eventually selling their homes. If selling is a consideration for you, a Real Estate Value Check will be worth pursuing. Speaking with a local agent about the value of a remodeled home in your neighborhood vs a brand-new rebuilt home would be a great step. This will help you pick the option that best aligns with your long-term financial goals.
Historical Home Limitations
Before you get your heart set on any one option, be sure to research your County’s regulations around remodels/rebuilds. We know all too well that Denver is chock-full of historical homes that don’t leave a lot of room for restructuring. There are plenty of solutions and ways to expand the home without messing with its base structure, all of which we can explore with you! It will, however, expedite the process if these restrictions are known at the forefront of project planning.
Finally, what’s your style? What are you really looking for in this home improvement venture? Any home improvement project is a big deal and a considerable investment. You deserve to absolutely love the outcome, so really consider; what is your style? What is your long-term vision for the space where you live? There’s a lot to be said for doing something once, and doing it well. Consider making this renovation/rebuild project a high priority and doing it the way you really want!
These are a few of the key things to consider when dreaming up your remodel, renovation, and or rebuild vision, and will help make the process faster, more efficient, and more enjoyable. Getting on the same page as your Design-Build Team regarding your intentions and hopes for the process and outcome is the first fool-proof step towards a successful design-build.