Remodeling versus building a new house

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Remodeling versus building a new house
Remodeling a house is cheaper than building a new one. One can create more rooms by splitting bigger rooms or even turn the attic and basements into bedrooms. Such improvements are more affordable. Renovating also increases the value of the house. Upgrades that are done in the home improve the appeal of the house which later contributes to the return on the investments. However, remodeling a house may be a hard task to accomplish especially in terraced houses as one cannot add space to them. Renovations can also disrupt normal activities around the house. People will have to share rooms when changes are being done in their rooms.
There are many benefits to building your new home: one being the chance to customize the details. One gets to personalize every detail of the house and therefore saving them from redoing it in the future. In new homes, everything is also new and therefore, one would not have to incur costs in fixing broken or damaged parts of the house. When building a house, however, one is bound to find some challenges. It takes a long time before a house is completed and is ready for moving in. Upgrades can also increase the price of the house. There are a lot of considerations that need to be taken into account such as regulations of the district in order to avoid legal problems.
Building a new house is the better option. It is much cheaper in the long run as one can make changes such as building more rooms which are impossible when renovating.

New buildings also have fewer maintenance requirements over time due to the new materials used.

Work cited
Gram-Hanssen, Kirsten. “Existing buildings–Users, renovations and energy policy.” Renewable Energy 61 (2014): 136-140.