Benefits of Renovating versus Buying a New Home

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Every year many people are faced with the tough decision of whether to buy a new home or put work into their current one. As a result, we’ve put together a list of benefits to renovating versus buying a new home to help you make an informed decision:

Customize your home

Customizing your design plan to fit your needs is an important thing to consider. For example, if you’re planning to start a family or have kids that are getting older you might need additional space. Also, what really makes a house a home are the personal touches you add to it that reflect your personal style and interests. By remodeling your home, you have an extra hands-on approach to designing the home of your dreams, from everything from paint to fixtures, new structures or additions.  

Stay in your neighborhood

If you love the neighborhood you are in and have become a part of a community you cherish, then you may not want to leave. Renovating your home makes it so you can stay in the neighborhood you love while making your house something you would want to invite the neighbors over to see.

Increase property value of your home

Another added advantage to renovating your home is the possibility of adding property value. It’s incredible what a difference an updated kitchen or bathroom will do when it comes to selling your home, if you decide to do so down the line.

Make your home safer

When you update your home, you will sometimes come across issues such as outdated electrical wiring or faulty plumbing that will need to be addressed. In this way, renovations can make your home safer and more efficient with the addition of things like energy saving appliances, lights, and more!

Costs less to remodel

Simply put, it costs less to remodel your house into your dream home than it does to go through the arduous process of looking for, buying and moving into a new one. In fact, 60% of Americans agree that moving is the most stressful life event and 76% said they would rather upgrade their current home than put a down payment on a new one. So, why look for a new house with the front porch and back deck you have always wanted when you can just build it onto the house you have now? 

Save money on real estate costs

Selling your home also comes with its costs. By renovating your home instead of buying, you save on real estate fees for both selling your current home and buying a new one.

Save money on moving costs

Moving costs an average of about $10,000! With that money alone, you could spend on remodeling one or more rooms of your home.

All things considered renovating your current home will not only save you money now, but it will potentially increase your property’s future value which could, in turn, make you more money if you choose to sell down the road. And with Long Island’s #1 Design & Build Home Renovation Company on your side we can help turn your house into a dream home whether it’s a Split-Level, Cape, or anything in between. Our staff is here to answer any questions you have. Call us today at 631.750.2837.

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