Remodel versus Move
Remodel Versus Move
With over 15 years of experience, our company, Lux Builders & Remodeling, has worked with numerous homeowners with the remodeling and construction of their homes. Even during the economic crisis that hit the construction industry, we endured and worked with our clients to elevate their lifestyles.
We estimate that 95% of all our projects are focused on building and remodeling our client’s current homes because many of the homeowners love their neighborhood and living in Southern California.
There are many reasons for entering a lengthy, energy-consuming, and labor-intense home remodeling project. But the most common reason is to improve homeowners’ lifestyles by bringing the home to match the modern way of living. When you remodel your home, you will be able to create a space where family members can entertain, relax, work, cook, study, feel excited, and grateful to inhabit.
Often our clients consider the option of purchasing a different house that will address their needs better than the existing, to avoid the hassle of the construction and remodeling project. Often times they move into a remodeled or larger home.
We get it; construction can be stressful especially when it is performed by someone inexperienced, lacking knowledge, disorganized and not detailed oriented.
One recent project is an amazing example of how you can transform your current home into your dream home by remodeling. Coincidentally, a few houses down from our client’s home, an investor purchased a house and did an extensive remodeling project in order to sell. Our construction coincided with the investors.
These two houses give a rare “apple to apple” comparison, which I welcome you to take a look at. But first, let’s review what each home has to offer:
- Both houses are located in the desired Manhattan Beach, CA. Nearby is the Manhattan Beach Middle School and close to downtown Manhattan Beach, which has the best Los Angeles restaurants and shops.
- They are located on a quiet street, with the same lot size 5300 sq. ft., same home size 1,480-1,500 sq. ft. and relatively the same sale price.
- One property is being updated by an investor and upon completion will be listed for sale. And our client’s home, which is going to be completely remodeled to meet their needs and desires – a dream home in making!
Since we know all the price points, we will be able to examine the outcome and compare the cost. What will result in greater value and cost less? Will it be to remodel or move and buy a larger, already remodeled home?
Please take a look at the “BEFORE” photos of the house our clients purchased:
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After extensive and complete remodeling, the cost was a little over $350,000. This included a complete change of layout with a room addition, new windows and doors, new electrical, custom cabinetry throughout the house, remodeling all the bathrooms, new flooring, new deck, patio and a state of art outdoor space/sanctuary.
See the “AFTER” photos:
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Please take a look at the investor’s photos after upon the sale of the remodeled property:
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Taste is individual, some of you might like the calming white and gray color scheme of the spec house, but you cannot deny the character and all the custom finishes picked with love by our clients. Our clients also selected more luxurious items such as custom cabinetry, a custom layout and design to reflect their specific taste and goals. The spec model house has a basic, simple color scheme, semi-custom cabinetry, minimal electrical work, budgeted finish fixtures, budgeted tiles and countertops, etc.
After calculating the costs of the custom, high-end remodeling project to the spec house, the final cost was still LESS than the sold price of the spec house!
These two properties display the distinctive difference between a “HOME” and a “HOUSE”.
This was indeed a rare opportunity to compare the outcome of almost identical properties to begin with that were undergoing extensive remodeling at the same time, as well as compare the cost.
Project completed by Lux Builders & Remodeling Inc.
@luxbuilders
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