Choosing Between Remodeling vs. New Construction
Ready to make a change to your living situation? At Regal Construction & Remodeling, we’ve helped hundreds of Los Angeles homeowners with their new construction or remodeling projects. Both of these methods offer advantages and disadvantages. In this article, we’re going to share some of our advice to help you decide which would be best for you
What is the difference between remodeling and new construction?
We know that this question might seem basic, but it’s essential to define each project type clearly. New construction is exactly what it sounds like! With new construction projects, we’re typically building on an empty plot of land.
When it comes to remodeling, things get a little bit more complicated. Remodeling can be subtle or bold – encompassing everything from bathroom remodeling to room additions to garage conversions. Although some remodeling projects DO create new space in your home, they wouldn’t qualify as new construction. Your project is still considered remodeling if it uses the original foundation or framing elements of the house.
How do I choose between remodeling and new construction?
As you weigh your options, take the time to talk through the following questions with your family and your contractor. These questions will raise essential discussion points and bring more clarity to the project.
Will you be living in the home or selling it when the project is completed?
This is the most important question that you’ll need to answer, and it will inform every aspect of your project.
If you’re planning to live in the remodeled home, you’ll want to frame the project in terms of the potential impact on your quality of life. Evaluate your current lifestyle and try to identify opportunities for functional improvements. For example, if you’re constantly bumping into people in the kitchen, you might want to consider updating the room to an open concept design.
If you’re considering remodeling and flipping a fixer-upper or investing in new construction, you’ll want to frame the project in terms of return-on-investment (ROI). In the highly competitive real estate market of Los Angeles, there are plenty of opportunities to turn a profit. Start by looking at the average sale price of new construction vs. remodeled properties in your target market to get an idea of purchase trends.
The bigger the dream,
The More Important The Team!
With Regal Construction & Remodeling, it only takes a few minutes to start building your dream home! Give us a call today!
What is your total budget for the project?
Before beginning construction, consider the short and long term costs of the project. With new construction, the initial costs might be higher. You’ll need to purchase the land, building materials, government permits, and secure the help of builders, architects, and general contractors. Although costs can be higher, project estimates for new construction are usually more accurate than remodeling project quotes.
The upfront costs of remodeling tend to be lower than new construction because the scope of work is more limited. However, the long term cost of renovation may be significantly higher than expected, and in some cases, it can exceed the cost of new construction. This is because there is more significant variability in remodeling projects. For example, you might tear down a wall and discover structural issues or problems with the electrical wiring. Remodeling is almost always more expensive than the initial project estimate due to these kinds of unforeseen situations.
Although you’ll want to make your decision on a case-by-case basis – typically, new construction provides a higher ROI.
What are the fixed factors of the property you’re working with?
Whether you’re remodeling or building a new structure, some fixed factors will influence the course of your project. Some older homes are excellent remodeling prospects because they feature antique detailing that’s impossible to replicate. We suggest obtaining records of all previous upgrades and renovations to the property. This can help determine whether you’ll need to replace any of the utilities, plumbing, and/or heating systems. Additionally, it can be helpful to work with an engineer to ensure there isn’t hidden structural damage lurking beneath the surface.
The bigger the dream,
The More Important The Team!
With Regal Construction & Remodeling, it only takes a few minutes to start building your dream home! Give us a call today!
Working with Regal Construction for Remodeling & New Construction
Since 2008, we’ve been helping homeowners with their Los Angeles remodeling projects and new construction. When you contact us for an estimate, we’ll start by discussing your goals. We love to help homeowners find thoughtful and creative solutions to everyday functional problems.
Next, we will schedule a consultation. During your in-home consultation, we’ll assess the available space. At this stage, we’re going to help you ensure the functionality of your planned renovation.
After we’ve designed your home remodel, we’ll move on to drafting an estimate. Our estimate gives you an expected cost breakdown for materials and labor. Our company was built on a foundation of trust and respect for our customers, so we don’t use any high-pressure sales tactics. We strive for excellence in every project, and customer satisfaction is our top priority.
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