Why does remodeling seem expensive compared to existing home prices?
A. There are several reasons why the cost to remodel, renovate, or add on may seem high compared to new home construction. First, a distinction must be made between existing, tract, and custom (built to your specifications) home prices. All remodel work is custom and the cost compared to custom home construction is quite close. The other factor that makes remodeling seem more costly is the cost of additional, quality labor. It takes more time because care must be taken in and around your home. The skill and integrity of the workers must be of a high level because creative decisions must be made and you and your property must be respected. Clean-up must be performed on a daily basis and areas of the home must be protected from construction. All of these factors add time which means cost. Most people, when factoring in the cost of moving, the value of their location, the increase in value of their home, and the increase in the quality of their lives, find remodeling a smart choice.
