Building or renovating?

Member since 15 March 2021

The WanderedMember19 March 2021 05:57:44

I know this question is remarkably broad but does anyone have direct experience of building a new house versus renovating an existing but dilapidated house?

I am currently looking at riads and there are some that are 'doer upers' and quite reasonably priced. I am wondering whether it makes more financial sense to build from new or get one of these existing properties and invest in renovation.

Any experience, tips or suggestions gratefully received.

TW

myselfkv Member

Member since 22 September 2022

myselfkvMember09 February 2023 18:40:44

Well. I can say that it has always been easier for me to remodel a house than to build it from scratch. After all, building from scratch implies laying the foundation. It takes a lot of resources.

astashan Member

Member since 09 February 2023

astashanMember09 February 2023 19:28:22

The answer depends on your budget and goals. If you've got the funds, building from scratch can be the way to go - you get to create a space that's exactly how you want it and doesn't come with any of the headaches of an older property.