To remodel or not to remodel, that is the golden question. Many homeowners often wonder if it’s worth their time and money to remodel their current home or if they should buy a new home that already has the features they’re wanting.
Nothing can replace the feeling of buying your first family home. This is the home that you start your family in and begin to raise them. This is where you continue traditions and maybe even start new ones. The first family home will be the home that will have a significant emotional attachment on your heart. So when your family starts to grow or your lifestyle changes, how do you decide to move on to find your forever home or remodel your family home to become a forever home?
Well if you’re thinking about buying a new home to get all the upgrades you want, here are a few things to consider. In terms of overall cost, it will cost less per room to buy a new home than to remodel it. However, the low cost per room is the only cost saving advantage when it comes to buying a new home. Buying a new home comes with a bigger payment and over a longer period of time. In order to have more in your new home that is bigger and better than what you had in your old home, you’re going to have to spend about 100,000 to 150,000 more in your new home.
Not only will you have a bigger payment, but you’ll also have to pay higher taxes and your home insurance will increase on a new home. With buying a new home, you also have the added cost of hiring movers or renting trucks to help you move.
With remodeling, your home insurance will not increase and your taxes won’t increase on any interior remodeling. Now if you do a room addition and add square footage to your home, your taxes may slightly increase. With remodeling, you get a better value because you have more custom options to choose from. With buying a new custom home, the builder may have pre-selected custom options to pick from and you still have to pay extra for a true custom kitchen or other custom options.
But with remodeling, you have a much larger variety of custom options to choose from. If your current home has a certain charm that you already love, you can choose custom options that will accentuate more of that charm! And every homeowner knows that nothing can beat the neighborhood, the schools, or the emotional attachment that your first family home has.
Here at KM BUILDERS, we’re family owned and operated so we understand the importance of family. We want to help turn your first family home into your forever home. We want to give you the opportunity to make more memories and create new traditions. So call our team at 210-680-5626 to see how can transform the home you love into the home you’ll want to retire in.
----KM Builders is San Antonio's premier design-build remodeler specializing in kitchens, bathrooms, room additions, and whole-house remodeling. We boast the largest in-house staff in San Antonio offering architectural design, interior design, and cabinet design for all your home remodeling needs!