There are several reasons why renovating an existing home may be a better option than building a new one:
Cost: Building a new home can be quite expensive, especially when factoring in the cost of land, permits, and labor. Renovating an existing home is typically less expensive than building a new one.
Time: Building a new home can take a significant amount of time, often several months or even years. Renovations, on the other hand, can often be completed more quickly.
Energy Efficiency: Many older homes are not as energy efficient as newer ones. Renovations can improve the energy efficiency of an older home, making it more comfortable to live in and potentially saving you money on energy bills.
Character: Many older homes have unique architectural features and character that may be difficult or impossible to replicate in a new home. Renovating an existing home can preserve these features and add to its charm.
Location: Building a new home often means leaving your current neighborhood, which can be difficult for some people. Renovating an existing home allows you to stay in your current community and maintain your existing relationships.
Sustainability: Building a new home will require cutting down trees, using natural resources and generating waste, where as renovating an existing home allows you to reuse and repurpose the materials that are already there, thus reducing the environmental impact.