Building New vs Renovating | Blog | Coventry Homes Edmonton

Building New vs. Renovating: A Showdown for Your Dream Home

Are you at a crossroads, torn between the allure of a brand-new home and the possibility of transforming your current one?

As a leading home builder in the Greater Edmonton Area, Coventry Homes understands that this decision can be a challenging one. To help you make an informed choice that aligns with your lifestyle and needs, we’ve put together a comprehensive guide comparing the benefits of buying a new house versus renovating.

 

Round 1: Customization and Flexibility

Building New: At Coventry Homes, we take pride in offering unparalleled customization and flexibility. From the moment you step into our showhomes, you’ll experience a world of possibilities. Our team of experts will guide you through every step of the process, allowing you to choose from a wide array of floor plans and features to craft a home that truly reflects your personality and preferences. We firmly believe that a home should be a reflection of its inhabitants. Unlike cookie-cutter plans, our team encourages clients to customize their home designs, tailoring them to suit their unique preferences and requirements. This approach ensures that your new house becomes more than just a living space—it becomes your sanctuary. You’re not limited by the existing structure, giving you the freedom to create your dream home from the ground up.

Renovating: While renovations can certainly add a personal touch to your current home, they come with inherent limitations. You may encounter structural challenges or design constraints that prevent you from achieving your ideal living space. Renovations often require compromises, and in some cases, certain aspects may need to remain untouched due to technical or budgetary reasons.

Additionally, renovations can disrupt your daily routine, especially in larger projects. Dust, noise, and temporary inconveniences are often part of the renovation process, and managing these disruptions can require patience and flexibility from homeowners.

 

Round 2: Incentives and Bonuses

Building New: Coventry Homes currently offers a compelling incentive—a Free Basement* with your new home purchase. This bonus space provides an excellent opportunity to expand your living area and create additional rooms tailored to your family’s needs- from creating a recreational haven for the family to adding an additional bedroom or a home office. It’s a valuable incentive that can add significant value and functionality to your new home.

Renovating: While there may be some renovation incentives available, they rarely match the scope and value of Coventry Homes’ “Free Basement” offer. The financial aspect of renovations can also be more unpredictable, as unforeseen issues may arise during the process, potentially leading to additional expenses.

 

Round 3: Expertise and Experience

Building New: With over 45 years of experience, Coventry Homes has honed a well-structured process that emphasizes customization. We understand that changing home plans is not an off-process deviation but an integral part of our approach. Our expertise ensures that your dream home becomes a reality, tailored to your specific tastes and preferences. We work hand in hand with you to understand your vision and bring it to life. Our expertise ensures that every aspect of your new home, from design to construction, is handled with precision and care.

Renovating: While there are reputable renovation companies available, the experience and expertise may vary. Some renovations can be complex and require a well-coordinated team of professionals, which might be challenging to manage independently. Depending on the scope of the project, multiple tradespeople and professionals might be involved, requiring careful coordination and management.

 

Final Round: Long-Term Investment

Building New: A new home is a long-term investment, designed to meet the needs of your family for years to come. The modern construction techniques and materials used by Coventry Homes ensure energy efficiency, lower maintenance costs, and the peace of mind that comes with a warranty.

Renovating: Renovations can certainly add value to your current home, but it’s essential to consider the potential resale value and the level of satisfaction the renovations bring. Some renovations may not recoup their full cost upon selling the property. However, for homeowners who intend to stay in their current location for an extended period, the personal enjoyment derived from a well-executed renovation can far outweigh any potential financial considerations.

 

The Verdict: Building New Takes the Crown

While both building new and renovating have their merits, one option stands out as the clear path to your dream home.

Building New with Coventry Homes: Unlock the freedom of personalization and flexibility with over 45 years of experience in crafting exceptional homes. Our expertise ensures a seamless process, resulting in a modern, energy-efficient sanctuary designed around your lifestyle.

Renovating: Although renovations offer opportunities for enhancement, they may come with complexities, potential disruptions, and uncertain returns on investment. While renovations can breathe new life into your space, they may not always fully capture your vision.

Discover the Winning Choice: Embrace the excitement of building new with Coventry Homes, where your dream home becomes a tangible reality. Explore our new home options today and step into a brighter future.

Ready to take the next step toward your dream home? Visit or contact any Coventry Homes Showhome today!

 

*Restrictions apply. Please visit or contact you local Area Sales Manager for all of the details.

Published Jul. 26, 2023

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