Should I build, remodel or buy an existing home?
Updated: Dec 12, 2020
Before you decide to build or remodel a home you should first ask yourself these
Do I have a hard time making decisions?
Once I make a decision, do I struggle with wanting to change them?
Am I a perfectionist?
Is my schedule so busy it’s difficult to find time to do things I enjoy?
Does uncertainty and lack of control add stress to my life?
Am I regularly disappointed by interactions with other people?
7. Do I handle conflict by looking for the win/win solution?
8. Do I have available time in my life for the next year or more?
9. Is our family life stable enough to handle the additional activity?
10. Am I comfortable sharing personal information with someone?
If you answered “no” to the first six questions and “yes” to the last four, you are ready to take on a large scale project, such as a build or remodel. If not, you may want to wait before undertaking a large scale project. Purchasing a home that is turn-key and meets your needs may be the best solution.
Here is an example of a couple that was not ready for a large remodel project: In many ways, Josh and Melinda seemed to be ideal candidates to complete a full whole house remodel. However, it soon became apparent they had difficulty making decisions and when they did make a decision the would second guess it each time (questions 1 & 2). In addition, Josh was consumed by the demands of his business since he had just launched his own company three years before (question 4 & 8).
Josh and Melinda were habitually late for their appointments. In addition to the pressing demands of business, it turned out they were in the midst of an intensely personal family situation that was consuming their time and attention (question 9). It became apparent that this lovely couple did not have the time at this point in their lives to design and complete a remodel. We suggested they hold off on a large scale remodel and make the remodel part of their future plans or work with a realtor to find a turnkey home that would meet their needs. They found a beautiful home to move into, have a new baby and their business is thriving.