The average person often uses the terms “new construction”, “renovating”, and “remodeling” interchangeably. But did you know that they have very different meanings when you’re talking to professional contractors?
What’s the difference between each type of project, and which category does your next project fall under? Let Carolina Services, Inc. answer your questions:
New Construction
With a new construction project, you’re typically starting from nothing to create a new, original space perfectly tailored to your needs. It may seem like the most expensive type of project, but there are cases where a current property needs such expensive renovating or remodeling that it makes more financial sense to sell and start new.
Deciding between new construction and renovating will depend on the scope of your project. Overall, a new building provides more customization options. When renovating, you are limited to the existing structure.
A conversation with a construction professional can help you decide. Carolina Services welcomes the opportunity to discuss your specific project and goals.
Renovating
Renovation focuses on restoring something old without sacrificing its original functionality or changing its intended purpose. Renovated and repurposed buildings take on a unique character. Think 19th-century factories: floor-to-ceiling windows and exposed brick walls repurposed into apartments. Or distinctive old houses with great character turned into offices.
Renovations are often quicker to complete because contractors have less work to do. Renovation projects of older and historic buildings often take longer. This is because renovation projects sometimes encounter unexpected situations; for example, harmful building materials that need to be mitigated, adding to the cost and time of your project.
Homeowners realize better ROIs with renovations when they sell their houses. A seasonal room may sound attractive, but homebuyers will turn away if the house hasn’t been painted in 10 years or the roof leaks.
Here are some typical ROIs you can expect:
- Replacing a garage or entry door…………..……75%
- Re-siding a home.……………………………………….98%
- Replacing a roof………………………………………….76%
- Kitchen remodel………………………………………….60%
- Adding a master suite………………………………….50%
Remodeling
Remodeling changes the functionality and design of an area, transforming the room. Furthermore, it is the best solution for a poorly designed home with issues like water lines in exterior walls, or shotgun-style houses.
Remodeling costs more than renovating because they typically involve structural changes; it may be necessary to rearrange the plumbing, wiring, and ductwork, increasing labor and material costs. Occasionally, renovation projects may require a permit; remodeling projects always require one; roof replacements require permits.
Let Carolina Services, Inc. help with your next project
Build new construction, remodeling, or renovating—deciding among these options will impact your budget and schedule. At Carolina Services, Inc., we’ve worked with a variety of businesses throughout our 45 years and have extensive experience with new construction, renovations, and remodeling.
We look forward to discussing your project. For a free consultation, contact us.
