August 21, 2023 Homeworks Hawaii
Many homes on Oahu and across the islands are generational or passed down from family members. Inheriting a home on the island can be filled with complicated emotions that make decisions difficult. These homes are incredibly important to those inherit them. These homes are also a path for the next generation here in the islands.
If you or someone you know just inherited a home, specifically on the island of Oahu, then keep reading this article. We will go through some options from remodeling to creating a new home on the property, and the outline the benefits/drawbacks of both.
What is Possible When Remodeling an Older Home
Every remodeling project and home is unique. A lot of what is possible through remodeling depends on the “bones” of the structure, as well as the integrity of the foundation. There are inspections that are either required, or we highly suggest you get before you decide anything. Consult a trusted local contractor– to assess what the pros and cons of a remodel would be. depending on the assessment and the outcome of your inspections, a remodel of the home may be unrealistic.
If the results that come back are disappointing and you aren’t in love with the overall structure; you may want to consider a completely new Oahu home construction. This is sometimes a difficult process and shouldn’t be taken lightly. If this is not a sole inheritance, consult the other parties involved and create a project lead or decision-maker.
Why Many Oahu Residents Are Opting for a New Home Construction.
If you can’t or do not want to save the original structure, you can start building from scratch. However, if there are features or elements from the old home that you’d like to incorporate into the new one, Homeworks can make that happen. Save a door handle, archway, or design feature for nostalgia. Building a new home and retaining a few of these elements may be far less expensive than a remodel in some cases. You also have the added benefit of new building and material warranties with a new build vs. a renovation.
Through the design and construction process, you can tailor the home to your preferences and needs. If you intend to live in the home, you may select higher-quality and personalized elements, but if you are building the home to generate income as a rental, you would not necessarily make the same selections. Building a new home to sell also comes with different choices. An experienced Oahu contractor can advise you depending on what you intend to do with the home.
Comparing Construction Guidelines for an Inherited Home vs a New Home on Oahu
Make a checklist to decide whether you should renovate your inherited home or opt for a new home construction on Oahu, and be sure to first check in with a contractor. To build new or re-do is a big question. Was this a sole inheritance? What is your budget? Are you emotionally attached to the existing structure? Start with the basics and an expert can help you decide between these options. Over the past three decades, Homeworks has guided homeowners through their options.