Resources FAQ – New or Renovate?
Which choice is better, tear down my existing house and rebuild, or renovate?
From a cost point of view, renovating is the smart move. This is because you can still live in the house during this process. Where if you tear you bulldoze your house you will have to find a temporary living arrangement during the rebuilding stage, which, in reality, is nothing, more than an extreme form of renovation. Finding a temporary living arrangement can be expensive compared to a basic renovation. Think more on this question before you make hasty decisions.