Is it cheaper to renovate or rebuild.
4/25/2012 at 12:29:34 PM
Hi there. My husband and I have been discussing renovating our home as well as putting on an addition. Our house is quite old, about 125 years old and is outdated in many ways and is in need of repairs throughout.
There are many things we have talked about doing including moving our kitchen to a different part of the house. There are so many little things and bigger things that need to be done to our home to improve it and make it more functional for our big family.
I was wondering if it would be cheaper to just renovate, redo the entire inside of the home or just rebuild from the ground up. Any advice would be a great help.
Thanks.
4/25/2012 at 6:04:46 PM
There really is no straight answer. It really depends on the condition of your existing house and the costs to fix it. It usually is cheaper to renovate vs. rebuild if the structure and mechanicals are in good shape. If you have a victorian type home, the cost to rebuild will be very high, if you want the same architectural details.
Your best option would be to hire someone to go over the house and give you some costs to update the structure and mechanicals. Then you just have to price out the renos/updates you would like done.
4/25/2012 at 7:25:37 PM
Electrical inspection would only cost $300 to tell you the state of the panel and wiring.
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