After many years of living in your house, you came to realize that you want a more modern home designs and you decide to have some home renovations. Since you don’t have enough money to buy a new house or to build a new house, so, you decide to go on with your renovation plan. But before you continue your renovation plan you may also want to know some of the advantages and disadvantages of renovation.
• Renovation will be able to cost you less compare to buying a new house, the cost of renovation is less that when you decide to buy a new house because renovation will cost you in a room to room basis. You really don’t have to remodel your entire house, which means that your budget will only depend on what you will need to do and what material are you needing. There are also some other ways of renovation that you don’t need to buy a lot more.
• When you decide to do home renovations you will be able to put your own personal touch and you can buy things that to design your renovated house. You can also incorporate your old structure to your modern look of your renovated house. This will surely result to a very great interior design.
• Renovation is not for major transformation of your house, you will also need to look your house, if your house will need to total make over, then the renovation is not for you because this will only limit to room per room basis of renovation. If you are planning to change all the rooms in your house, then you will need to build a new house.
• In renovation you will also need to have financial plan, you need to have at least a contractor loans or a family loan. It is also very important that you will also have home equity, but if you only live in your house not so long, you will be having a hard time to get the approval of your renovation.
• Renovation is also means that you cannot use the area in which the renovation is made. So you need to stay in some place to stay like hotel, so you will need to pay extra money for your accommodation, but you can still stay in your house even if it undergoes renovation, but you will need to take all the noise.