Is it more affordable to gut a house than build a new home?

• <div><p>Whether it’s more affordable to gut a house than build a new one depends on the markets where you'd be buying and selling. However, it’s usually less expensive to renovate a home than to build new construction. </p><p>Most homeowners pay between <b>$100,000 and $200,000</b> for demolition and remodeling costs, whereas the average <a href="https://www.angi.com/articles/how-much-does-it-cost-build-house.htm">cost to build a new home</a> is between <b>$139,000 and $531,300</b>. </p></div>

How much does it cost to finish a basement?

• <div><p>It costs an average of $32,000 to finish a basement, and most projects total between $15,000 and $75,000. If you just want to make the space look a bit nicer and don’t need to <a href="https://www.angi.com/articles/how-to-turn-basement-into-living-space.htm">convert the basement to legal living space</a>, you could spend as little as $3,000 to install drywall and flooring. On the other end of the spectrum, your costs could rise to $100,000 if you want to make structural changes to the space, repair existing structural damage, waterproof your basement, or install a kitchen and bathroom along with living space.</p></div>

What are the pros and cons of finishing a basement?

• <div><p>When considering finishing your basement, take into account a few pros and cons:</p><p>Pros</p><ul><li><p>Can increase the value of your home</p></li><li><p>Separate space from the rest of the house </p></li><li><p>Customize and personalize the basement to suit your needs and style</p></li><li><p>Increase the amount of living space in your home</p></li></ul><p>Cons</p><ul><li><p>May not regain enough value to cover the cost of finishing</p></li><li><p>Lack of natural light if it’s below ground level</p></li><li><p>Moisture or flooding can cause costly damage</p></li><li><p>Installing plumbing and electrical can be messy and costly</p></li></ul><p></p></div>

Is it worth it to finish a basement?

• <div><p>Yes, finishing a basement is worth the money in most cases. Although the project is a relatively expensive one, finishing a <a href="https://www.angi.com/articles/are-basements-included-in-square-footage.htm">basement adds usable square footage</a> to your home and typically increases your home value. Many times, your finished basement will add value that’s equal to or greater than the cost of finishing.</p></div>

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Q: Is it more affordable to gut a house than build a new home?

• <div><p>Whether it&rsquo;s more affordable to gut a house than build a new one depends on the markets where you'd be buying and selling. However, it&rsquo;s usually less expensive to renovate a home than to build new construction. </p><p>Most homeowners pay between <b>$100,000 and $200,000</b> for demolition and remodeling costs, whereas the average <a href="https://www.angi.com/articles/how-much-does-it-cost-build-house.htm">cost to build a new home</a> is between <b>$139,000 and $531,300</b>. </p></div>

Q: Is framing a basement challenging?

• <div><p>While framing a basement is not as difficult as finishing a basement, it's something you should typically leave to the pros. That&rsquo;s because if something is installed correctly, it will affect your entire basement. However, you can take care of some of the smaller tasks, like filling holes or putting up some insulation. </p></div>

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J.A. Johnson Construction

606 Laurelwood Avenue

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J.A. Johnson Construction

606 Laurelwood Avenue

5.00(

)

•Approved Pro

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