Renovating vs. Rebuilding Your Home [Infographic]

On the surface, it might seem like remodeling your home is better than recycling your old home and rebuilding a new home, but is that really always true? Well, if you’re looking to sell and the market is strong enough to compensate for you initial investment, it may make sense to renovate. The same is true if you can afford a higher cost of maintenance and operations. Dealing with pervasive mold, water damage or pests? Want to add the most significant value to your home and property’s worth? If so, rebuilding makes most sense.

Generally, if you are satisfied with the look and circulation of your home—you’ll learn toward renovating. On the other hand, if your home has major foundational issues, you’ll probably go the direction of rebuilding. Don’t want to lose money? Seriously think about rebuilding. You might be losing more money than you realize by hanging on to an old home. So far this year, owners of older homes have spent $750 million more on repairs and upkeep than owners of newer homes. You may even consider building a green home—in California, these homes sell an average of nine percent higher than regular homes. These homes are built with high-quality materials and require fewer repairs over time.

If you want help deciding whether to renovate or rebuild your home, check out the information packed infographic below!

Renovate or Rebuild

Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency , based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-2018. Follow Brian Wallace on LinkedIn as well as Twitter.

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