Should I Remodel, Buy, or Build a Home in Georgetown, Texas?

According to home renovation statistics, American homeowners spent a whopping $463 billion cumulatively in the first quarter of 2024. It's believed that 51% of these homeowners spent $25,000 or more on Georgetown construction renovations in Texas. However, renovating is cheaper than buying or building a home in Georgetown, Texas. 

Based on 2023 data, it costs, on average, $493,286 to buy an average-sized family home in this city and state. This makes buying a home in Texas unattainable for many people, but is building a home in Georgetown, Texas, any better? Our figures at J Bryant Boyd place building a home in Texas on the higher end of the spectrum, with new builds costing anywhere from $500,000 to $2 million or $150 to $300 per square foot. Although this is significantly more expensive than buying a home in Georgetown, Texas, and remodeling, new builds can be customized according to an individual's exact preferences. 

Yet, even with this pricing knowledge, it can be challenging to decide if buying vs building a home in Georgetown is better than remodeling your current home. That's why home builders in Georgetown, J. Bryant Boyd, have compiled this blog. We've gone into details surrounding each choice to help you decide if remodeling, buying, or building is best for you. 

The Pros Of Remodeling A Home In Georgetown, Texas

• Cost-effectiveness: Often, choosing a Georgetown, Texas, home remodel can be more cost-effective than buying a new residence or building a custom home. This is especially true if you only want to remodel certain parts of your home, like your bathroom or kitchen.

• Helps preserve the character of the home: Older homes in Georgetown, Texas, have lots of character and charm, so if you want to preserve this while still bringing your house into the modern area, a remodel is often better.

• It's faster: Remodel projects are faster to complete than buying or building a house. It might seem difficult to believe, but remodeling projects have far shorter timelines.

The Cons Of Remodeling A Home In Georgetown, Texas

• Sometimes, there are hidden costs: Unfortunately, when you choose to remodel, there can be unforeseen or hidden costs. For example, the remodelers could find structural damages or outdated plumbing systems that need replacing, pushing costs up.

• Temporary disruptions: A remodeling project can cause temporary disruptions to your daily life, which can be frustrating and increase costs. For instance, a kitchen remodel could force you to live off takeout for the weeks or months it takes to be renovated.

• Limited customization options: Unlike when you build a home with Georgetown, TX, new home builders, you will have limited customization options. This is because your remodel is constrained to the existing structure, which can limit the extent of the changes you want to make. 

The Pros Of Buying A Home In Georgetown, Texas

• There is immediate availability: Buying an existing home can be faster than building a custom house according to your needs and wants. However, buying can sometimes take longer than renovating based on the paperwork needs and moving circumstances.

• You will have access to an established community: Moving into an established community is important for many people. If you buy a home in Georgetown, Texas, you will have access to this. Many existing homes are found in well-established and cherished neighborhoods in Georgetown, so you will have a diverse range of lovely neighborhoods to choose from.

• There are many choices: Real estate in Georgetown, Texas, is booming. Customers have several choices when it comes to buying a home in this area. Some of the best home builders in Georgetown, TX, have homes available, so you're spoilt for choice. 

The Cons Of Buying A Home In Georgetown, Texas

• Steep maintenance costs: Unfortunately, buying a home can mean you take over steep maintenance costs depending on the home's state when you bought it. In addition, buying an older home could mean higher maintenance bills down the line, with increased costs surrounding necessary upgrades in the future.

• Competitive market conditions: Georgetown, Texas, is such a respected and sought-after region that the housing market is competitive. This means that finding and securing a desirable home can be difficult based on your budget and needs.

• Initial costs are higher: Depending on the market, when you enter it, you could find that there are costly upfront fees that make building a more attractive option. 

The Pros Of Building A Home In Georgetown, Texas

• Fully customizable: Choosing to build a new home means you have a full range of surrounding customizations. You can pick everything from the floorplan, flooring materials, finishes, and wall paint to the fixtures, lighting, and decor. This is exciting and lets you bring your dream home to life when you work with J Bryant Boyd, the best home builders in Texas.

• Lower maintenance costs: Custom homes in Georgetown, Texas, require less maintenance since you are not buying someone else's problems, so to speak. You are creating something wholly new and unique, so there will be fewer repairs and maintenance issues.

• Modern amenities: When you build a home from scratch, you incorporate the latest amenities and features that suit your current and future lifestyle. This means that you can add features that will help you age in place or extra rooms for a growing family. 

The Cons Of Building A Home In Georgetown, Texas

• The initial cost of building is high: Sadly, building a new home can be costly and more expensive upfront. This is especially true if you need to hire land surveyors, architects, and builders if you don't choose a design-build firm like J Bryant Boyd that handles everything in-house.

• Finding land is challenging: One of the biggest challenges future homeowners face is finding suitable land in Georgetown, Texas. It can be difficult to find land in your desired location, but not impossible if you are flexible and have the budget for it.

• Longer move-in timelines: Constructing a new home is longer than remodeling or buying a home. Often a build, depending on its scope, can take anywhere from 12 to 18 months. This means you will need to already be living somewhere while your home is being constructed. 

So Which Is Better? Remodeling, Buying, Or Building? 

Ultimately, whether remodeling, buying, or building is better will depend on your preferences and budget. Remodeling is usually better suited to homeowners in Georgetown, Texas, who want specific upgrades but who love their area and don't want to move. It's also best for those with smaller budgets, but it can be restrictive to your vision. 

In contrast, buying is better for those who want quick availability and want to move into an established community. However, buying is a double-edged sword as it can require compromises on your part.

In addition, building is an attractive option for those who want full customization control over their dream home. It's more expensive and time-consuming, but building allows you to create a home you'll want to live in forever. 

Contact Our Team At J Bryant Boyd Today To Discuss Which Option Suits You Best

Now, you should have a better idea about whether remodeling, buying, or building is the right choice for you. If you decide you would like to undertake a new custom build, you can speak with us at J Bryant Boyd. For decades, we have been an in-house design-build company that builds people homes they want to live in in charming Georgetown, Texas. Contact us here and let us help you bring your vision to life by building a sustainable, cozy, modern, functional home.