If your current home doesn’t meet your family’s needs, you might be thinking about new home construction or renovation. Both approaches have their benefits and drawbacks. Before you make a move, consider these factors to help decide which is better for your circumstances.

Pros & Cons of New Home Construction

Pros & Cons of Home Renovation

A big plus for home renovation is upgrading the structure and systems, especially for houses over 20 years old. Installing a new kitchen, bath, and roof or replacing outdated HVAC and electrical systems will make your home safer, more convenient, and more energy-efficient.

If you sell later, you can recoup much of your investment. You also avoid the cost of moving to a new home, an expense of several thousand dollars or more. 

On the downside, renovating a house while you’re living in it is inconvenient. Expect several weeks or more of enduring dust, noise, and workers going in and out of your home. Additionally, surprises like discovering mold and paying a professional to remove it can increase the final cost and length of your project. 

Factors for Decision-Making

You may want to renovate if you love your neighborhood, but it doesn’t have buildable lots available. If you have deep family attachments to your home, staying and upgrading may be the right choice.

Building from scratch might be a better option when changes you need or want aren’t possible in the existing home. Also, consider building a new home if the renovation costs exceed your property’s resale value.     

Whether you decide on new home construction or a renovation, contact the professionals at Wave Builders. Clients in Waipahu, HI, and throughout Oahu draw on this team’s experience and skill in executing residential construction projects that enhance property values. Call (808) 680-9283 to request a free estimate, or visit the website to learn more about their construction services.