As a practicing Architect, I have experienced my client's anxiety in deciding if they should do a construction renovation or build a new home. I have always advocated doing what one can afford. Regardless of the path, everyone should have a flexible program with priorities, develop a master plan, and try to do the work in stages. Homeowners can no longer afford to make one of the biggest decisions in their life in haste and cannot base it solely on emotion.
So the question is . . . should you renovate or build new? Since every situation is different there are no easy answers. Here are some general points to consider when evaluating your decision: [ . . . ]