Monday, April 28, 2014

Q & A: Should I Renovate or Build a New Green Home?


Q: Should I renovate my current home to be more green, or is it better to start from scratch and build a brand new eco-friendly house?

A: That's a tough question. On one hand, renovations are disruptive, expensive and time-consuming, and you're limited by the envelope of your existing home. However, buying a new home and moving is a huge commitment. You must examine the issue from the perspective of your budget and lifestyle, but if your aim is to be more sustainable, that presents another set of issues.

In general, renovating is more green than constructing a new home. By adapting existing housing stock, we preserve more natural habitat and use less building materials. Another option, of course, is to sell your current home and purchase another existing home that is a better fit for you and your family. However, some people happen to own land or dream of constructing their own new home, and it does provide an opportunity to start with a blank slate and do everything 'right' in terms of sustainable design.

Lifestyle
If your family has expanded or contracted, or other circumstances changed since you purchased your home, it might make sense to move. If adding on to your current home is out of the question, building your own home allows you the opportunity to determine exactly what types of spaces best support your lifestyle, and you'll end up with just the right amount of square footage.

Energy Efficiency
Old homes, especially, can be leaky and therefore cause high energy bills. There are a lot of upgrades you can make to improve the situation, but certain homes are just too far gone to justify the investment. By building a new home, you can ensure that the walls are well-insulated and air tight, and that you install the most efficient building systems out there.

Budget
Renovating is expensive. Building a new home is even more expensive. What can you afford? What types of loans are available for green renovations and construction? Are there any tax incentives? What is the resale value of your current home? These are all factors you must consider before you make your final decision. In many cases, renovating is the greener option, but there is certainly no one-size-fits-all solution.

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