Is It Cheaper to Remodel or Build New?
Is It Cheaper to Remodel or Build New?
New |
Remodel |
| 10-year structural warranty 2-year mechanical warranty 1-year limited warranty |
No structural warranty No mechanical warranty No limited warranty |
| Everything in the home is new and won’t break down | Anything could break at any time and cost you a lot of money |
| Appliances all have warranties and are brand new | Used appliances could die any day |
| Spend time with the people you love when you get off of work | Spend time working on projects that ultimately won’t pay you back. |
| No more honey-do projects | A never-ending list of honey-do projects |
| Low homeowners insurance | High priced homeowners insurance (double that of new) |
| Brand new carpet | Toe-nails in the carpet (or worse) |
| Brand new furnace Brand new air conditioning |
Old furnace – inefficient Old air conditioning – inefficient |
| Post-tension slab | Potential major structural issues with slab |