The 10 Reasons to Restore an Old Building

It’s inevitable that buildings will age and eventually need to be either renovated, repurposed or demolished. If you own an old building and are trying to decide if you should restore or build new, read this article first before making any decisions. A majority of people believe that new buildings offer many advantages over historic ones, but we beg to differ. We’ll show you how restoration can, in fact, be more sustainable and save you a significant amount of money, time and effort. Here are our 10 reasons to restore an old building rather than tearing it down to build something new. 

To Maintain The Unique and Original Design

As buildings age, they go under significant wear and tear that includes discoloration, concrete deterioration, foundation damage, salt crystallization, and even microbiological growth from bacteria and fungi. Even with regular maintenance every year, exposure to weather and other environmental factors will significantly deteriorate the building over time. However, that does not necessarily mean the building needs to be torn down. If you have an emotional attachment to the building, sometimes simple foundation repair work, cleaning, patching, and paint will be enough to bring the building back to life while still maintaining the stunning, original design.  

For Heritage Reasons

We can learn a lot from older buildings. They are landmarks that portray the history of generations before us as well as the architectural and design features that are no longer used today. Old buildings help us to maintain a connection to our past and bring a certain character and charm to our neighborhoods.  Just think of what our cities would look like if we tore down all the historical buildings and replaced them with new ones. It would not only diminish our city’s heritage, but also our sense of pride. 

More Cost Effective

Restoring a building is often more affordable than building an entirely new one. This is especially true when the interior design of the building does not need to be changed at all. Simple steps like cleaning the exterior, fixing cracks, adding a fresh coat of paint, and reinforcing the structure do not take a lot of money when compared to a new build. For a fraction of the price, you can restore the building to provide adequate strength and revamp the appearance without interfering with the original condition. 

Saves Time

Tearing down a building to construct a new one takes a lot of time, energy and money. On the other hand, exterior restoration of the original building can be done much faster with the right company behind the work. With specialized equipment and skilled staff, you can have a fully restored building in a matter of days or even weeks.

More Sustainable

Construction waste greatly impacts our environment by filling landfills and polluting our rivers and lakes. Preserving an old building can reduce the amount of waste that enters our environment. It can also preserve the resources that are involved in building new materials. 

Offer Grant Potential

You may also be able to receive a grant for the preservation of the building. There are a number of funds that support historic preservation, such as the City of Ottawa’s Heritage Grant Program. They offer grants up to $5,000 on a matching basis to assist owners of heritage buildings with restoration work. 

More Impressive

When you imagine a beautiful looking business or living space, what do you think of? A repurposed building used for your home, office space, or retail adds a touch of class and elegance that a new building just can’t match. 

Hold Cultural Significance

You can witness an area’s cultural history first-hand just by looking at all the older buildings that line the streets. Old buildings give people a connection to certain social values, beliefs, religions, and customs that once shaped an area. It allows us to better understand where we came from and who we are as a country.

Offer Intrinsic Value

An old building is often worth more than a brand new one. Why? Because many old buildings were built using higher-quality materials and offer impressive architectural design touches. In fact, in most cases, a century-old building will likely outlast a new one that has been built with brand-new materials. Plus, if there’s a prominent story behind the building, it could be worth a pretty penny.

Lower Establishment Costs

There are many cost advantages as you can see to renovating and repurposing an older building. One that many people don’t talk about is the lower establishment costs. Because the structure is already in place, there is no need to purchase land, deal with zoning requirements, demolish the building, connect the utilities, or erect a new building. 

If you have an old building that needs a new facelift and more integrity, contact us at The Foundation Experts Inc. We can help maintain the beauty of your historic home or building and even improve the value through the foundation and structural repair work. We guarantee cost-effective solutions, and we back them up with the best warranties on the market. Learn more about our services by contacting us today!