Why we build new instead of renovating

[Natalie Cloutier]

A lot of people ask us why we build new instead of renovating and I just wanted to share a few reasons with you guys to get your thoughts!

1. We have complete control over the budget from day 1

2. Finished value is always far higher than our actual costs to build

3. Purposely built buildings, better layouts, functionality and overall designs

4. Energy efficiency (low utility costs)

5. Low maintenance

6. We know exactly what’s behind each wall

There’s a whole lot of other perks that for us just make the most sense and even though we’re excited to start our first reno project this winter, we know building has always worked really well for us. I know building new doesn’t work in every market (like markets where the value of the homes are just lower than what it would cost to build) but I’m curious to know who would be willing to try it since I don’t see a lot of investors taking this path!

Would you try building new? Or would you stick to renos?