Should I renovate or build new? It’s an age-old question with no easy answer. There are pros and cons to each, and many practical matters to consider, including your needs, goals, and desires for your home.
The luxury real estate agents at St. Helena Real Estate can help you decide whether a custom build or renovation is the right option for you, explaining what each choice might mean to your home’s value and your personal fulfillment.
Napa Valley is home to every type of luxury real estate, including many beautiful older homes that don’t quite measure up to newly built ones when it comes to layout, conveniences, and tech features.
Whether you should renovate your current home or build a new one generally comes down to three considerations: cost, time, and design. Both choices have advantages, so here’s what to think about before deciding what’s right for you.
If you love your neighborhood, neighbors, and nearby amenities, you might want to choose the renovation route. Of course, you can tear down your existing house and build new, but that is likely to be your most expensive choice. Ultimately, most people who want to stay close to family or maintain school and worship locations choose to renovate.
If you do decide to build a custom home in another location, working with a local real estate brokerage can help make the process of finding a lot or land in Napa County’s diminishing supply much easier. It can also ensure you choose a neighborhood that gives you the best return on your investment, both financially and personally.
Renovation involves making changes to your existing home and can cover anything from a single room remodel to a complete overhaul, including additions. You have a lot of say and creative freedom in the results, but you typically have to work within the already-created space. With a newly built home, you have far greater control over what your home will look like and how it will function.
Depending on a project’s structural requirements and design choices, renovations and new builds can take the same amount of time to complete. A design-build, construction, or home renovation company can help you estimate how long your project might take, as well as its final cost.
Are you trying to decide whether to renovate your existing home or build a new one? Talking to an expert luxury real estate brokerage with extensive knowledge of the local market can help you make the right choice for you and your family.
If you want to learn more about renovating, building new, or investing in wine country real estate, talk to one of our agents today and feel more confident about the decision you make.