Add Space or Build New

Are you trying to decide whether to renovate your home or tear it down and build new? Comparing sale prices of homes in East Central Oak Bay, 2015, we found that properties with new/er homes sold for as much as 35% more than properties with older homes. That is 35% on the whole property.

In terms of cost, we estimate that if you are adding 40% space, plus replacing windows, kitchen, bathroom, siding, drains and water supply, then these improvements will be near or more than building new. 

In terms of time, a whole-house renovation takes about 20+ weeks. A new build will take about the same. Both will require you to move out. 

Redeeming architectural features and quality are compeling reasons to renovate. Plus, some clients have an affectionate attachment to their home.  Customers tell us that they feel joy each time they see their home. If this is true for you, better not tear it down - renovate.