Making the decision to build a new home or renovate your current one is a big one that takes into account a lot of variables, such as time, money, and personal preferences. While each alternative has advantages of its own, full home renovations frequently have special perks that make them an appealing option for a large number of homeowners.

Cost-Effectiveness of a Whole Home Renovation

It may be more cost-effective to renovate an existing property than to start from scratch. This can save a great deal of money because the utilities, structural components, and foundation are already in place. Buying land can be a necessary step in the construction of a new home and can result in significant additional costs.

Multiple Financing Options for a Home Renovation

When compared to new home construction loans, homeowners can generally secure lower interest rates by using their home equity to finance improvements. For a renovation, home equity loans and home equity lines of credit can be helpful and affordable options. There are other financing options available that can make financial sense for your project as well. The total cost of renovations can be further decreased by taking advantage of tax credits or deductions for specific home upgrades.

Shorter Project Timeline with a Home Renovation

Renovations typically take less time to complete compared to building a new home. Securing permits for renovations can be faster and easier than the extensive permitting process required for new construction.

Home Renovations Offer the Opportunity for Incremental Updates

With a full home renovation, you can choose to renovate your homes in phases. A phased renovation helps to spread out the cost and effort over time. This approach allows for continued occupancy and minimal disruption.

Stay in Your Neighborhood and Maintain Sentimentality with a Home Renovation

By renovating, you can maintain your relationships with neighbors, schools, and the community. Relocating to a new residence can be time-consuming and stressful. A whole home luxury renovation can avoid the headaches of buying a new house, selling your old one, and moving. Many homeowners have strong emotional ties to their houses. Through renovation, you can make your home more contemporary while retaining the sentimental value and memories attached to it.

Customization and Modernization of Your Home with a Renovation

Through renovation, you can make your current house more suited to your needs and way of life. It is possible to add rooms, change layouts, and add contemporary conveniences. Newer homes might not have the distinctive architectural elements and charm that older homes often do. By renovating, you can highlight and maintain these features. Modern home design improvements like energy-efficient windows, cutting-edge HVAC systems, smart home technologies, and advanced storage solutions can all be included in renovations to improve the overall comfort and functionality of your house. Rearranging spaces can result in extra storage, better flow, or open floor layouts, which will enhance the usability and enjoyment of your house.

A whole home renovation offers many benefits compared to building a new home, including cost savings, time efficiency, preservation of location and sentiment, customization, and modernization. For over 45 years the expert team of designers and contractors at Acadian House Design and Renovation have been helping Baton Rouge area homeowners create and update the spaces of their dreams. Schedule a consultation and discover what they can do for your home.