We all have a dream home in our heads; the perfect space that encompasses style, comfort, and beauty, and is the perfect family home in every sense of the phrase. A lot of people presume that their dream homes will always be just that – dreams, but that doesn’t necessarily have to be the case. Believe it or not, you can make your dream home a reality, it’s just a case of taking the steps to create your dream space, as well as knowing what those steps are.

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When it comes to creating your dream home, there are two options to consider; these are: renovating or building. One option is to renovate an existing property and transform it into your idea of a dream property. Another option is to have your dream home built from scratch to your exact specifications. The option that you opt for will depend on a range of factors, including which is the most suitable option for your needs, time frame, and budget.

Knowing which of these two options to opt for isn’t easy, as it can be difficult to determine which the best solution is for you. That’s why it’s a good idea to consider all of the options and decide which one would offer you the best solution to your situation and needs. To help you to do that, below are some pros and cons to each option, as well as some useful tips and pieces of advice to take note of.

Renovating

Renovating can be a great option, as it allows you to transform an old property, potentially the house that you live in now, and make it a dream home. A lot of people choose to renovate an older property rather than building a new one from scratch, but it has to be what’s right for you. It all depends on what you want your dream home to be like, as well as what your time frame is and the size of your budget, of course.

What are the pros of renovating?

One of the main benefits of renovating a property to transform it into your dream home is that it’s less work than building from scratch. Or, at least, it should be. You can opt to do as little or as much work to it as you would like to, it all depends on what changes you think need making to transform the building into your idea of a dream property. You could choose to simply convert the attic into a master bedroom with an ensuite and add a conservatory to the kitchen, or you could strip the property back to the bare bones and start again.

Another benefit of choosing to renovate rather than build from scratch is that if you already live in a property that’s in the ideal area for you and your family, it won’t mean moving. You can still stay close to your friends, local amenities, and jobs and the children’s schools, but can get a beautiful new home to live in; it’s a win-win situation.

Then there’s the cost to think about. Often, choosing to renovate a property can work out much cheaper than choosing to build from scratch, especially if you’re prepared to do the majority of the work yourself, with the help of a few handy tools, like those featured on http://www.toolnerds.com/, for instance. When it comes to renovating a property, having all the right tools in place is crucial, as it can help to cut costs and speed up the project.

A reason that renovating appeals to a lot of people when it comes to creating their dream homes is because it tends to be a quicker process than building a property from scratch. Building a home from scratch that is exactly as you always dreamed it would be can take a long time, so if you’re in a rush, renovating could be the best option for you.

What are the cons of renovating?

One of the cons of renovating a property instead of building from scratch is that you’re dealing with an old property. This means that it could end up costing you more than you would think to make changes to it, as repairs may need to be made along the way.

Then there’s the fact that you have to renovate around the structure that’s already there. Say you’ve always dreamed of having a large open plan living room and kitchen, if the wall between the two rooms is a supporting wall then you can’t pull it down. Renovating a property to create your dream home does tend to come with some compromises.

There’s also planning permission to consider. For older properties, you may struggle to get planning permission for certain changes that you want to make to the property, such as making changes to the exterior of the property, for instance.

Building

Building is also a popular option, as some people prefer to create their dream homes from scratch, rather than making changes to a structure that’s already in use. Whether you opt to build your dream home from scratch will depend on a range of factors, these include things like your time frame, for example. Ask yourself, do you have the time to build a property from scratch?

What are the pros of building?

Obviously, the main benefit of building your dream home from scratch is that you are in total control of what the property will look like. You get to design both the interior and exterior structure of the property; you get to choose what it will look like when it’s built, you have ultimate control over what it will end up looking like, as well as what the layout will be like. You can choose whether it has three floors, four floors, or more – basically, you can design your property in any way that you see fit. Just make sure your plans fit your planning permission, that’s all.

Although it can be pricey to build from scratch, in the long-run, it will save you money. This is because you can opt to build a home that has all new fittings and fixtures that are under warranty and can create a property that’s efficient and eco-friendly. You can opt to install solar panels on the roof, the best insulation there is, and can install an air conditioning system that is an energy efficient as possible – building from scratch can save you a lot of money.

Then there’s the fact that you can literally build your dream house. If you want marble floors, you can have them. If you want a double staircase that meets at the top, you can have it. If you want windows shaped like church windows, you can have them. You get the idea – you can have whatever you want because you’re building your home from scratch.

What are the cons of building?

One of the cons of building your dream home from scratch is the fact that it’s a massive project and not one that should be taken on lightly. Building a property from scratch can take months or sometimes even years and can be a lot of work, and it’s important to understand that. Sure, the end result is great, but what you need to ask yourself is whether you have what it takes to take on such a huge project.

Then there’s the fact that the project could end up costing you more to complete than you thought it would. While it’s all well and good having a budget in place, it’s important to understand that sometimes things don’t go to plan and you end up having to spend more money than you thought you would need to. The question that you need to ask yourself is if things go pear-shaped, do you have the extra money that you need to put more money into your project? If the answer is yes, then there’s nothing to worry about, but if the answer is no, then it’s probably not a good idea to go ahead with the project unless you are sure you won’t go over budget.

There you have it, a guide to the pros and cons of renovating and building to create your dream home. It can be hard to know which option is the best choice for you. But hopefully, the pros and cons above, along with the tips and pieces of advice slipped in amongst them, have helped to make it a little easier for you to decide which is the best option for you, renovating or building from scratch. It might take some time for you to decide which option you would rather go with, but it’s important not to rush the process. The last thing that you want to do is rush things, and end up regretting the decision that you have made. That’s why it’s so important to make sure that you take your time when making your choice about which option is best for you and your family.

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