Land & New Construction
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
General Landlording & Rental Properties
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hemlane-a9392011949df124ea8ee63be2fb270c9423d6cd446ec67af23c96616e618606.png)
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
![John Vela-Garcia's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1511716/1713107640-avatar-johnv225.jpg?twic=v1/output=image/crop=1242x1242@0x468/cover=128x128&v=2)
Renovating vs New Build
Hi all, I am located in Denver and was curious if anyone has experience with completely renovating a home vs building a brand new one.
Situation:
I am currently looking into buying a home that is 4,500 sq ft, but requires the entire house be renovated. There wouldn’t be much structural change, maybe just making the family room a bit bigger by removing a wall, otherwise it would all be cosmetic renovating. How much would something like this cost?
The alternative would be to buy a lot and build a new 4,500 sq ft home. How much would a brand new home cost to build with mid-grade finishes (excluding land as that varies)? Hypothetically, the lot is flat and is ready to build but is “unimproved land”.
Any help is greatly appreciated!