Should You Build New Renovate or Extend?

NAHB Cost of Constructing a Home Survey and Remodelers Cost vs Value Report research consistently show that when renovation cost exceeds 60-70% of new-build cost on the same lot, the rebuild path typically produces better long-term value. Weigh property condition, scope of needs, budget tier, timeline, lot feasibility, location attachment, and cost comparison to lean toward renovating, extending, or building new.