The house is getting too small but you love the area, what are your choices? It’s a common problem facing growing families: what to do when they outgrow the home? The debate on building VS renovating gives you a few options to consider. But what is your better option?
If you choose to move, you will be faced with all those associated costs such as stamp duty, solicitor’s fees and moving expenses. You could renovate the home by adding bedrooms, living spaces and changing kitchen and bathrooms to meet current trends. This can get costly. At times renovating seems the best bet rather than building an entire home from scratch, but is it? This is something that many people are asking today.
Here’s a third option: Why not just knock the whole place down and build a completely new property on the existing site? You already have a great block of land, why not utilise it? Re-building on your existing property could be beneficial in the long run, financially and logistically – short term pain, for long term gain.
Traditionally knocking down and rebuilding will cost a little more – but a brand new home in an established area is gold. If you plan a long-term stay there is no better investment.
When considering building VS renovating, don’t forget the option to knock-down and rebuild. If you are established in an area, a rebuild could be worth considering! Have a look at Allworth’s design options before you make a decision.
