Houses are the same.
This is a big decision that requires careful consideration.
How Long Will You Stay in Your Home?
The Spruce / Margot Cavin
Physical elements of a home are on a timer.
The minute the hammer strikes your house for the last time, that timer starts ticking.
Exterior paint might last up to seven years, but more like five years in inclement climates.
As a bonus, you had the pleasure of living in a new house during those 15 years.
How Much Do You Want to Spend?
The tear-down and rebuild option is all-or-nothing.
After your first big purchasethe demolitionyou’re left with a vacant lot, committing you tobuild the new home.
By contrast, a house remodel can be done on a rolling basis.
Not all projects need to be done at the same time.
you could start byremodeling a bathroomand then move on to other rooms as your budget and time allow.
Alternative Living Arrangements
Most remodeling projects can be completed while you are occupying the home.
This can be a benefit in both cost savings and convenience.
It also may be necessary if it is your primary residence.
Keep in mind, however, that your family will be living in a construction zone for a time.
Consider safety issues regarding children and pets during remodeling.
Current Condition of the House
While allhouses can be remodeled, not all houses should be.
Thus, you want an addition.
If they aren’t, then the house should be rebuilt.
In urban and many suburban areas, home rebuilds often are restricted to the footprint of the original house.
In general, zoning and permitting usually favor the major house remodel over the total house rebuild.
Additionally, laws may not allow rental properties in many zones.
Portland, Oregon, for example, now allows up to two ADUs on a single residential property.
The Dangers of Home Renovation: Keep Kids Safe During Repairs.Seattle Children’s Hospital
