Old House for Reconstruction, or Building New: Advantages and Disadvantages

In terms of finances, both variants cannot be compared: it depends on the extent of the necessary repairs in the older house on the one hand and the price of the land and the type of house you want to build on the other.For some, the locality may be decisive in the end: while the old houses are more of a city centers where all shops, schools and banks are available on foot, you may only get a plot to build in places where public transport does not even lead.However, this may change over time: it is necessary to know the zoning plan and estimate how attractive the locality of your chosen becomes in the future.

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However, one of them has a new building with an old house still common: both are usually underestimated."I find that people buy a house, indebted with a mortgage and reserve only a few hundred thousand for further modifications, but that is not enough.In practice, I practically do not meet with the reconstruction cost less than a million crowns, "says authorized civil engineer Martin Perlík.Likewise.Prices of turnkey projects are only basic.They are not included in the fencing of the land, reinforcement of the driveway and often even the elaboration of project documentation.Other costs may be an independent building supervision and selected house equipment.

Advantages and disadvantages of new buildings:

+ The layout of the house corresponds to your requirements+ everything shines with novelty+ house corresponds to current standards in terms of energy performance

- High initial investment- for a long time you wait for the house- the garden is initially bare

Advantages and disadvantages of reconstruction:

+ lower purchase price+ you can move in immediately and repair gradually+ there is a garden with mature trees

- The house may not suit the layout- there is no insulation- the cost of repair is poorly estimated in advance and can climb to dizzying heights