Sometimes it’s obvious if it’s the right decision to renovate a home, but other times, there is a thin line drawn between renovation and demolition. I recently drove by one of my childhood homes in Kentucky, and it was sad to see that it had become condemned. All of the windows were broken out, the front door was non-existent and wide open, and it was almost as if it was now occupied by drug users and wild animals. It is safe to say that this old house is in need of being demolished.
When I was younger, my parents bought the old home for less than ten grand. It was in a bad shape then, but they put a new roof and new siding on it for starters. They fixed it up pretty nice for the 80’s. That was when the choice would have been to trust a home builder to renovate the home. Fast forward a few decades, and the house is done for as mentioned.
One thing you need to think about is that a well-maintained house is going to last longer. If you can fix a house before it gets to the point of being condemned, then it can be kept up. That brings up a good point, however, as you have to decide if the renovations are worth the money. Are you going to be putting too much money into fixing up the house? If so, then it’s called a money pit.
Many times even foundation problems can be fixed. However, I’ve seen quite a few homes where the foundation is simply beyond repair. As a matter of fact, every morning I walk my dog, I walk by one of them. It’s very unfortunate because a person lives at the residence, too.
Termite problems are another thing you have to watch out for in older homes. It’s no use trying to renovate a home once the termites have completely taken over. When you’re deciding whether or not to demolish or renovate an older home, you need to calculate the total costs for repairs and weigh them against the value of the home.
Sometimes you can tear down only part of a house and keep the rest. You can always add rooms back on to a home as you develop plans for building the renovations. Remember that renovations can be done a little at a time, so you’re not having to get rid of the home and start over. This is much better on your budget if you’re able to make it work.
Sometimes people think that they are throwing money away when there is quite a bit of work to be done on a home. That is why you need a strict budget and a solid plan laid out. You must determine how much it’s going to cost you, and you need a contractor to have been the one to do the assessment (we condider Baum & Woolger as one you may want to contact – http://baumwoolger.com/). Remember to start with the most important renovations first.