The Real Cost of Home Renovation
The Real Cost of Home Renovation
May 20, 2022
At Trinity Classic Homes, we understand that people move homes for a number of reasons—whether it be relocating for a new job, moving closer to family, finding the ideal place to retire, or simply because their house is no longer functional for their family’s lifestyle or priorities. When making the decision to buy a new-construction or previously-owned home, our experienced team at Trinity Classic Homes knows that buying new construction is often the simplest and most cost-effective way to find a house that’s energy-efficient, backed by a home warranty and designed to be stylish, functional and long-lasting.
Despite this, many people believe the misconception that remodeling your current home, or purchasing and renovating a resale home, will save you money in the long run and give you similar results—but in today’s market, that is quite far from the truth. While the new-construction industry has faced its own challenges, there are similar issues if you choose to do a renovation or remodel—and oftentimes, the cost of home renovations when buying a resale home is far more expensive than what appears on the surface level. Continue reading to find out more about the real cost of home renovations and how buying new can ultimately save you money.
A major roadblock for those dealing with home improvements and renovations is the current shortages in the supply chain—and even when you are able to get the materials needed, the prices have skyrocketed due to high demand. The COVID-19 pandemic has had an extreme impact on available materials and labor for the housing industry, but there were shortages even before March 2020. According to Forbes, the United States has seen a shortage of tradespeople available to complete remodeling projects since 2018. Even if you have a connection with a local tradesman to help you accomplish the work, material availability—and their rising prices—may prevent you from actually being able to get the job done.
Buying new and working with a trusted builder like Trinity Classic Homes means we’ll handle every small detail, relieving you from the stress of navigating competitive labor markets and pricey materials. While Trinity Classic Homes isn’t immune to the challenges every builder in the industry is facing, our strong financial backing and high-quality craftsmanship have helped us weather the storm while still bringing new-construction homes to our beautiful communities.
Uncertainty and unpredictability
On top of the lack of labor and materials, many homeowners also struggle with what they uncover in their homes during a remodel. Whether you’re renovating your existing home or one you just purchased, making structural changes can open you up to a laundry list of building code requirements, outdated systems, insect or water damage, faulty electrical wiring and more. All of these issues can require more help, more time and more money than you probably budgeted for—and when the average cost of home renovation is already well over $46,000, every penny counts when it comes to building or buying a home that’s functional for your family.
Renovating a house is a long and complicated process, which is only made more stressful by the responsibility of managing it all yourself. Your predicted timeline can be thrown off by any of the issues mentioned above, as well as an array of other problems. Buying a new-construction home from Trinity Classic Homes comes with over 20 years of experience in the industry. Our team has worked hard over the decades to perfect our building process, while still reevaluating to ensure we’re up-to-date on the latest innovations in building practices and techniques. This long history, as well as a team of industry experts, help to make the concept of buying a new-construction home an easier one—backed by our top-quality building features and our forward-thinking home warranty.
The real cost of home renovation
While renovation might seem like the easier and cheaper choice in today’s market, Trinity Classic Homes wants homeowners to be aware of the hidden costs and stresses that are often overlooked.
Instead of struggling through a home renovation, consider waiting for the right new-construction home in the perfect community from Trinity Classic Homes to be available for you to be able to achieve your dream home with ease. Our team at Trinity Classic Homes works hard to develop incredible new homes in breathtaking communities throughout amazing areas west of the DFW metroplex—so don’t hesitate to browse our remarkable available homes, and be sure to contact us online or give us a call at (817) 985-4907 to start your journey to your beautiful, brand new, renovation-free home today.