If you're trying to decide between remodeling your home or building new, Home Planning Honolulu can provide helpful free estimates for any project. More importantly, we’ll help connect you with an architect capable of transforming your existing home or creating a dream house from the ground up. In the meantime, here’s some useful pros and cons to consider from both sides of the remodel-or-buy debate.When to RemodelProperty on the islands is a limited resource. If you absolutely love your current location, updating your home to meet your needs might be easier than finding an available building site-especially when working with limited parameters.It’s also important to remember that in established neighborhoods, constructing a new home will most likely entail removing a previously existing structure, adding additional demolition costs to your budget. With a variety of options available for home remodels and updates, it might be better to spend the money customizing your existing home exactly to your tastes.Remodeling is also a good option if you plan to stay in your home for a long-term.  With multi-generational family living on the rise, you might be looking for more space to accommodate aging parents or other family members.  In this scenario, remodeling to expand your square footage might make the most financial sense—you’ll add value to your home that will only increase over an extended period of time.When to BuildBuilding a new home is almost always faster and more convenient than extensive remodeling. If you’re open to moving to a new neighborhood or city, and don’t want to spend months living in a construction zone, a new build might be perfect for you and your family. Even better? There’s fewer opportunities for expensive surprises to occur- a constant risk when remodeling older homes with potential safety or construction issues.If you see a new home as a relatively short-term investment in an ever-rising housing market, designing and building a new home represents a great financial opportunity. Selling a relatively new home in an upward market gives you the opportunity to sell for more than the price of construction. If you’re always on the move, building and later selling a newer home can work to your advantage.Lastly, no matter how skilled or creative the architect, remodeling an existing home always involves compromise. You might dream of a big walk-in closet, but if it can’t work within your budget or building plans, some items on your “wish list” might not make it in a remodel. Building a new home is a guarantee that your dream home becomes a reality.Contact us today for a free estimate, and to find the architect that's right for you!