8 Reasons a Cosmo Remodel is Better Than Buying a New Home

8 Reasons a Cosmo Remodel is Better Than Buying a New Home

Has your family outgrown your current Northern Virginia home? The real estate market is currently a seller’s market, and prices are skyrocketing. Rather than buy a new home, remodeling your current home to meet your needs has many advantages.

Cosmo Builders is a full-service design-build contractor in McLean and the surrounding area. We can handle every aspect of your remodeling project and customize your home to meet your new requirements. Contact us today for your free estimate, or keep reading to learn 8 reasons it is better to remodel than buy a new home in Northern Virginia.

1. Cost-Effectiveness

Chances are you still owe money on your current home. If you buy a new home, you will go even further in debt, and you might have a hard time selling the home you’re in now. It is much less to renovate your current home than to buy a new one. Less cost, less debt, less time until you own your home outright.

2. Stay in the Same Location

Do you love your neighborhood? Is your home the perfect commute distance from work or school? Do you love the schools your children go to? These are all very good reasons to stay in the same location rather than buy a new home elsewhere.

Fun fact: Falls Church, Arlington, and Fairfax County school districts are in the top 5 districts in all of Virginia according to Niche.com.

If you try to stay in the same neighborhood or school district, you might have a hard time finding a home that meets your needs that is in your price range. Remodeling a home in Northern Virginia simply makes more sense when you really don’t want to move.

3. Emotional Attachment

Many people have emotional attachment to their homes. Perhaps you have a door post where you have been marking the height of your children as they grow. Or, perhaps you simply have wonderful memories of Northern Virginia holiday seasons and birthday parties gone by.

Whatever the case, if you have an emotional attachment to your home it can be a hard prospect to sell. Consider remodeling instead with a Cosmo home addition in Fairfax County or the surrounding area. As a home addition contractor in McLean, we can help you modify your existing home to meet your new requirements.

4. Personalization in Remodeling

Remodeling your home allows you to personalize it to your desires and needs. No matter how hard you try, you will not find a new home that meets every box on your checklist. But, you can remodel your existing home to customize it to your wishes. Most people have an easier time envisioning how to update their current home to meet their needs than what they need in a new home.

5. Easier Financing Options

If you own your home and have for several years, you probably have equity built up in your home already. You can use that equity to get a home equity loan or line of credit that can be used for your remodel. This is much easier than getting a new mortgage for a new home. Not only is it easier, it also comes with lower interest rates. You should be able to finance your home addition or remodel in Northern Virginia through the same bank that holds your current mortgage.

6. Lower Cost of Living

Lower up-front costs and easier financing terms also means that you will have a lower cost of living. You’ll need to fork up a lot more cash for a new home that is larger than your current one. However, adding a home addition in Washington DC or Northern Virginia adds value to your current home without significantly increasing your monthly costs.

7. Increased Property Value

Remodeling your home will increase the property value, and make your home worth more when you are ready to sell in the future. According to Credit Karma, the average home addition adds 30% to the property value of your home. Likewise, Investopedia shows that remodeling your home gives you a 60-90% return on your investment when it’s time to sell.

Cosmo home additions and remodeling projects in Northern Virginia are of the highest quality workmanship to add the most value to your home. We can work with your budget and provide the best quality materials and craftsmanship for your home addition or remodel in Washington DC or Northern Virginia.

8. Better for the Environment

Remodeling or adding a room to your current home has less environmental impact than building a new home. If your options are to buy a brand new home with new construction or to remodel your existing home, remodeling is the better option for the planet. This is because there are fewer materials involved, and less emissions to deliver them. There is also less waste from a remodel than new construction.

Contact Cosmo Builders for Your Home Addition or Remodel in Northern Virginia

Are you ready to take the leap and make your existing home work better for you? Contact Cosmo Builders today to schedule a free estimate. We’ll meet with you to see your home and discuss your vision and needs. From there, we will develop a free estimate that meets your budget. Cosmo home addition contractor in Alexandria and the surrounding area should be your first choice.