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In Today’s Market, Should You Build New or Renovate?

A year or so ago at the height of our real estate boom, we published a blog article entitled "Building New vs Large Scale Renovations." The main point of that article was that it took a bit of research to determine which of the two choices would be better - major home renovations or a total teardown and rebuild.

However at that time, regardless of any research, the majority of our client projects were mostly rebuilds. And it made total sense.

Rebuilds were popular a few years ago

When someone spends $2 million for a 33-foot-wide piece of dirt, they don't want a rundown 1950s bungalow on there. They don't even want to consider renovating it. They just want a new house. So we built them one.

But now that prices have leveled off and things are slowing down, more people are looking again to renovations. It appears the reason for this is that homeowners are finding extra value in a renovation.   More times than not, a renovation can bring more value dollar for dollar than a new build.

Now renovations are back

So with the market somewhat stabilized, it's a great time to look at renovations or even a new build because there are more trades available. They are not as busy.

Also, over the last few years, the prices for all the materials and sub-trades were constantly going up, up, up, up. Now that things are slowing down, the prices are coming back down a bit.

So which is the right choice?

St. Petersburg Russia - December 16 2011: Bronze jockey on a horse in the interior of the living room in two-storey apartments near the glass staircase.So now the question of renovating versus new build takes on more importance.

And that is something Kerr Construction and Design can help you with.

We can do some of the research we suggested in our previous blog article.

We'll find out how high your basement is, what the drainage is like, where the load bearing walls are, and all those important questions.

Then we call tell you straight-up what would it cost to do a full renovation and what would it cost to do a new build. We'll tell you the advantages and disadvantages of both.

And surprise! It might be a renovation right now.

So give us a call at 604-263- 0343 or fill out our online form to schedule a consultation. We look forward to helping you create the home of your dreams.

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WHAT THEY SAY

Some Testimonials from Our Past Clients

Fixing water damage at my house and doing some renovations. Great work - would recommend Kerr Construction came out and fixed a water leak I...

S.W., Richmond

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Kitchen Renovation. All trades were wonderful, cleaned up every day, on time, pleasant to have around, and the finished product was totally up to our...

AGS, Westside

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House Renovation. Good comprehensive work on project from initial discussion of concepts to architectural design to execution to lockup. Work was well done and has...

M, Vancouver

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It is a pleasure to recommend Kerr Construction whom we have known through a major renovation contract last year. We are quite impressed with his...

I & M, Vancouver

We would like to thank you for renovating the bathroom of our 60 year old house. The work was essentially completed within three weeks as...

B & E, Vancouver

I would like to compliment you on getting the painting and alterations done on time and on schedule. As you know, we use this building...

B.M., Vancouver

As the owner of a forty-unit apartment building located at 230 Ash Street in New Westminster, we have recently replaced the entire building envelope. In...

G.B., Vancouver

This letter will confirm that Kerr Construction has done many jobs for the Justice Institute and we have found his work to be of first...

P.W., Vancouver

Good Job overall! The job was for a reno of the bathroom. The job was done overall very well … the contractor was friendly and...

Aatma, Coquitlam

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Renovation of decks. The work was performed on time. I was always kept informed of their progress. The quality of the work was very good...

Neil, Kitsilano

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