Do you know
that reconstruction in a home, whether
new or old, usually costs more than new construction? You may get tempted
to buy homes for sale in Galloway NJ and reconstruct it according to your preference
but think twice! You may get a better deal by hiring a home builder and getting
your home constructed from scratch than remodeling an existing house. You may
wonder Why is that so? Well, let’s find out!
Preparation of
the Site
There is a big difference between starting a
new home construction and rebuilding an existing house. In the latter, they
must be very careful not to destroy any part or appliance that can be reused in
the remodeling of the house, which can
result in increased labor hours.
Moreover, the waste and debris must also be
cleared from the construction site, which also costs a decent amount of money. This can break your bank especially when an
entire house, or perhaps a significant part, must be completely demolished and
rebuilt from scratch.
These can be really time consuming and
expensive process, which can add complexity and complications in the project,
making its time duration longer compared to new construction.
Economies of
Scale
Most homes that
are situated in the communities are built by production builder, who use
streamlined processes, which allow them to benefit from economies of scale. This
significantly cuts down their costs and allow them to sell the house at a lower
price while remaining profitable.
For instance,
the materials are pre-negotiated and ordered in a bulk quantity, therefore,
they get benefits from bulk discounts and negotiate a better deal with
suppliers. The same principle applies to labor costs as well, they negotiate a
fixed price for each house with the sub-contractors, which entices them to
finish the project quickly, resulting in increased profitability due to earlier
completion of the project,
Some of these
factors also apply to standalone home
builders. Though they may not have as bigger economies of scales as production
builders, they still benefit from their established contractors and expertise,
allowing them to build a house in economical and efficient manner,
respectively.
TIMING
As reconstruction requires the home builder to first demolish an area that needs
to remodel, it may take a significant amount of time to demolish it. This
can stretch even longer when some material can be reused where they need the hand
demolishing technique, requiring additional labor and time.
Additionally, if
there was a fire or tornado incident, it must be addressed by professionals to
remove its effects by using sprays and other sophisticated techniques. This
also requires additional time and consequently increase the project costs.
When people are looking for homes for sale in Galloway NJ,
they often ignore the costs and timing issues associated with reconstructing
the house and end up paying more money as a result. Therefore, it is imperative
that you consult an experienced home
builder before closing a deal.
