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Renovate or Build New?

Posted by steve
steve
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on Wednesday, 15 September 2010
in Real Estate

This is probably the most frequently asked question we receive from our customers. Whether they have an existing home or are thinking about buying a lot in a different location, home-owners need to consider several factors before deciding on whether to renovate or build new. There are pros and cons to each, and we suggest families consider them all.   

Renovation - Pros

1. You can avoid brokerage fees by sticking with your existing home. This could be substantial savings.
2. You can stay in place, which is important if you love your neighborhood and schools.
3. Renovating could be cheaper, since renovations as a whole tend to be smaller projects.

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