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Building Restoration vs. Buying a New Building – What Are the Pros and Cons?

Pros Cons Building Restoration

The question often arises, what is worth more: restoring an old house or building a new one?  Most people think that if the house is more than 50 years old, it is better to demolish it and build a new one in its place.  But is this really the best choice?

The decision depends on the condition of the house: structure, energy certificate, insulation, maintenance costs. 

Before considering a building restoration, you should check the energy condition of the house, but also to determine all the works that should be carried out.  The restoration project may take some time, so make sure you are prepared for it.  Also, additional unplanned costs may arise during the project if the planned restoration work was not carried out with sufficient accuracy.

When is it worth restoring the house?

In general, it is worth investing in a restoration project if the building is no older than 50 years. If it is, a thorough renovation is required, which can cost much more than building a new house. The restoration of a building is justified when the changes do NOT include: changing the layout of the rooms, changing the exterior walls or a complete stylistic transformation. It is also preferred by people who own houses with historical value.