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That is the primary question here and the fact is there is a lot to consider. What works for one person may not work for another. Here are your options:
• Stay right where you are and renovate as you see fit
• Buy a new home and make alterations
• Build a new home
It should be noted that a new customized house will not not necessarily look and feel better than a modified family home. Your location is very important. If you like the atmosphere around you or value your friends and family connections, it will make more sense to stay and modify. Furthermore, remodeling does not cost as much as buying a new house, so that takes some of the pressure off.
You may be forced to move out for a while depending on the size of the project. If the team starts working immediately, however, then your construction manager should be able to give you a fairly accurate time frame. That way you do not have to stay indefinitely at a cheap hotel or garage.
A new home does have advantages too. For starters you get to be the first person to use the kitchen and bathroom, insulation and air-flow are perfect and new memories can be formed. Also, the fact that it’s a new house means there will not be any repairs for a while, so your visitors really see the quality of the designs for a long time.
Cost variants. To get a clear picture of the entire cost, a number of factors have to be considered. For example, the scope of the project, existing property conditions, building codes, etc. must all be contemplated. Projects that involve extensive transformation and expansion can in fact be more expensive than buying a new house, so a proper plan is needed. Remember to put aside an amount of no less than 15% of the entire budget to cover inevitable decorating upgrades and other cost increases.
As you will find in the end, home remodeling takes time and can be stressful despite considerable planning. It can also be very rewarding when you see the design come to life. If it takes an expensive designer to create a particular design, you may have to spend more but that is the point of a good design. It requires extra effort from you, our designers and construction team.