Monday, January 2, 2023

Is It Cheaper To Renovate Or Build Anew?

 A home will rarely check all the boxes on the must-haves and non-negotiables indefinitely, which leads most homeowners to consider either building a new home or renovating their current one.  Cost is one of the most significant factors in determining the best fit. St. Louis Park industry expert, Executive Remodeling explains what makes renovation a cost-efficient option. 

Which is Cheaper, Building or Renovating in MN? 

As a local home renovation company, one of the most frequently asked questions is whether it is cheaper to build or remodel. Almost always, it is far more cost-effective to renovate than build anew. 

The cost to build a home in Minnesota does not include the price of the land nor does it have the costs related to getting the land ready for construction, such as land surveys, obtaining permits, and running utilities. However, it is important to consider that a home renovation adds value to the existing home. Home renovations improve the quality and functionality of living space while increasing the home’s value.

Pros and Cons of Building a New Home

Here are the top pros and cons of building a new home in MN.

PROS

  • More control over every element of design, aesthetics, and scope of the project
  • Fewer unforeseen building conditions
  • Build for future needs

CONS

  • More expensive 
  • It likely takes much longer to complete
  • Includes more labor hours and materials
  • Responsible for all the site work all site work and installation of utilities 

Pros and Cons of Renovating a Home

Here are the top pros and cons of renovating an existing home in MN.

PROS

  • It is less expensive
  • It can be completed more quickly
  • Increased home value
  • Renovate for future needs

CONS

  • May uncover more unexpected building conditions
  • Some limitations

3 Tips for Controlling Home Renovation Costs

The first consideration in controlling costs is finding a reputable home renovation company. An experienced general contractor is critical to managing the project, communicating, problem-solving, and maintaining timelines, all of which are important to controlling costs. Here are the tips for controlling the costs of a home renovation project. 

Consider Logistics

Before beginning a home renovation project, it is crucial to consider the project’s logistics. It is often inconvenient and unsafe to stay home during a renovation. This may require staying with family, getting a short-term rental, moving into an RV for a short time, or making other living arrangements. This also may include increased costs for eating out while navigating a kitchen renovation. 

Set a Budget

Another important factor in controlling the costs of a home remodel is setting a detailed budget. Talk to the home renovation company and general contractor about the budget and recommendations for how it should be allocated. It is always important to set money aside for any unforeseen building conditions. 

Talk to a General Contractor About Minimizing Costs

Talk to a general contractor about design choices that will help minimize costs. For example, working with the existing kitchen or bathroom layout helps avoid the costs of moving load-bearing walls or rerouting plumbing, which can significantly add to costs. 

Minneapolis-St. Paul Bathroom Remodeling Services

A cost-efficient home remodeling project starts with an expert home renovation company. Trusted by clients for over 20 years, Executive Remodeling is a full-service St. Louis Park home renovation company dedicated to industry expertise, superior work, and client satisfaction. Connect with the team by calling (612) 230-1561 to schedule a free consultation.

Executive Remodeling

5810 W 36TH ST. UNIT B
ST. LOUIS PARK, MN 55416-5108

Is It Cheaper to Add On or Build Up?

 House additions are the most cost-effective way of achieving the perfect home. However, once deciding to embark on a home addition journey, the question becomes whether it is better or more cost-efficient to build up or build-out. The answer to this depends on many factors, says St. Louis Park industry experts, Executive Remodeling. This article will cover the pros and cons of each so that homeowners can weigh their options in home additions and ask good questions when they discuss their needs with their home renovation company. 

Top Reasons to Expand an Existing Home

Home additions are significant projects with many considerations. So, what are the top reasons homeowners consider them? 

  • There are good reasons to stay in the neighborhood, such as excellent schools and proximity to work. 
  • The home no longer meets the needs of the occupants
  • There is underutilized space
  • The property is large enough to accommodate a build-out
  • The structure can accommodate building up
  • Other homes in the area have also performed renovations or additions in keeping with the planned home addition. 
  • There is a budget for home renovations

Is it Cheaper to Build Up or Out for House Additions?

Many factors impact the cost of room additions, such as the type of rooms, plumbing, building condition, and more. However, it is generally more cost-effective to build up than to build out for home additions. 

How Much Do Room Additions Cost?

The average cost of a home addition in Minnesota for standard-grade construction varies. Still, prices can go much higher depending on many factors, including the type of room, location, and more. 

Costs of Building Up

Building up is almost always the least expensive option in house additions. Adding square footage by adding a second story frequently requires less material and labor. For example, suppose you have a 1,500 sq. ft. home and want to add a 1,500 sq. ft. second-story addition. In that case, it only requires framing, electrical, and labor, while building out requires extra costs, including footings, concrete, and more. 

Pros and Cons of Adding a Second-Story Room Addition

As with any build, a second-story room addition has advantages and disadvantages.

PROS

  • It can be more cost-efficient
  • It takes up less yard space
  • Adding a second story can increase the home value
  • Building up requires fewer materials 

CONS

  • There is a need to create space for a staircase
  • There may be restrictions on building up
  • Building up may involve more disruption to living space

Pros and Cons of Building Out for Home Additions

Here are the top advantages and disadvantages of building out for home additions. 

PROS

  • It is easier to live in the space during building
  • It makes it easier to add design features to accommodate aging-in-place or mobility issues
  • Only limited to lot size expansion

CONS

  • Building out will consume yard space
  • Zoning or HOA rules may limit the size of the build
  • It requires additional costs for a new foundation, site preparations, and more. 

Factors that May Impact House Addition Decisions

Before embarking on significant home improvement projects such as an addition, it is important to talk to an expert home renovation company to discuss the options and what each involves. Here are some factors that may help make the decision easier. 

  • Consider which build will fit the age of the people living in the structure. For example, stairs may be challenging for those with mobility issues. 
  • Zoning issues might make the decision clear with restrictions on required yard size or whether a second or third story is permissible. 
  • How much yard space is left after a build may also be a factor if a build interferes with other plans, such as space for animals, a garden, a shed, or other features. 
  • Building out may mean being in closer proximity to neighbors and less privacy. 

Minneapolis-St. Paul Home Remodeling Services

There are many variables in the cost of home additions. One of the most important factors is working with a general contractor that will help provide a wide array of options that can help control costs, such as Executive Remodeling. 

Executive Remodeling, located in St. Louis Park, is a full-service home renovation company with nearly 20 years dedicated to industry expertise. Connect with the team by calling (612) 230-1561 to schedule a free consultation.

Executive Remodeling

5810 W 36TH ST. UNIT B
ST. LOUIS PARK, MN 55416-5108

How Much Does a Bathroom Remodel Cost?

 Bathroom renovations are among the most popular home renovation projects pursued by homeowners. While it may not be the room where people spend most of their time, many see it as an escape that should be as beautiful and luxurious as it is functional. But, a bathroom remodeling project can be a huge undertaking, and costs can escalate quickly without proper budgeting. It is no surprise that one of the most common questions the St. Louis Park bathroom remodeling expert, Executive Remodeling, receives is, “How much does a bathroom remodel cost?” Whether planning a small makeover of a guest bathroom or a major overhaul of the primary suite, setting a realistic budget for bathroom remodeling services is important. 

What is the Average Cost of a Bathroom Remodel?

One of the first steps to planning and budgeting for bathroom remodeling services is understanding the average total cost for this type of home improvement. It is essential to know that the price for the same remodel can vary across the nation as the price for goods and services vary according to your location.

How Much Does a Bathroom Remodel Cost in MN?

The average cost of a bathroom remodel in Minneapolis with moderate to high-end finishes by professional bathroom remodeling services varies depending on the size of the bathroom, extent, type of renovation, and level of finishes. 

Levels of Renovation 

One of the essential things to consider when planning a bathroom remodel or renovation is that there are different levels of projects. Understanding these different levels can help when budgeting and decision-making.

Cosmetic 

A cosmetic remodel is strictly limited to easily removed, modified, or added products. This type of remodeling aims to make the space modern and beautiful without a lot of expense or downtime. It includes replacing the toilet, sink, faucets, vanity, and mirror. It may also include new hardware or paint. 

Pull and Replace

A pull-and-replace remodel is an intermediate-level project. It involves replacing all essential elements without changing the bathroom’s layout. This remodeling typically includes new flooring, cabinets, lighting, and a shower or tub. Because it is more extensive, it requires additional products, time, and expertise. 

Custom

During a custom remodel, the bathroom undergoes a complete gutting and redo. This project essentially allows the homeowner to start a bathroom design from scratch. During a custom remodel, it is possible to move walls and change the plumbing to accommodate moving a toilet, tub, or shower. 

Tips for Controlling Costs of Bathroom Remodeling

Minneapolis-St. Paul Bathroom Remodeling Services

A beautiful bathroom starts with Executive Remodeling, the St. Louis Park bathroom remodeling expert. Executive Remodeling is a full-service home renovation company with nearly 20 years dedicated to industry expertise. Connect with the team by calling (612) 230-1561 to schedule a free consultation.

Executive Remodeling

5810 W 36TH ST UNIT B

ST LOUIS PARK MN 55416-5108

Aging-in-Place: Home Remodeling for Safety, Comfort, and Accessibility

 Aging-in-place refers to the ability of individuals to live independently in their own homes as they grow older. With their expertise in ho...