If you’re torn between renovating your current home or building a new one from scratch, you’re not alone. It’s a common dilemma for plot owners—so let’s break down both options to help you make an informed decision.

Renovation: More Than Just a Touch-Up

Major home repairs like redoing plaster, shifting walls, replacing plumbing, electricals, or flooring can be surprisingly costly. In fact, apart from the concrete structure, most things are redone. Add in the cost of dismantling, and renovation can cost up to 80% of new construction.

What’s more, renovation tends to snowball. You start with repairing the doors, then think, “Why not fix the windows too?”—and it goes on. It becomes difficult to estimate a fixed budget or timeline, making the whole process unpredictable and stressful.

New Construction: Clearer, Simpler, Smarter

When you choose fresh construction, you get clarity from the start—both in terms of cost and timeline. You know what you’re getting into, which helps avoid surprises down the line.

Thinking about adding a new floor? That alone can cost more than rebuilding because of the structural repairs required. From a financial standpoint, demolishing and rebuilding often makes more sense.

Time and Quality Matter

Extensive renovations may seem faster on paper, but realistically, they can take 8–12 months, even if they appear doable in 3–4. Plus, renovated elements rarely match the quality or longevity of new construction.

When Renovation Still Makes Sense

Of course, renovation isn’t always the wrong choice. If you don’t want a stilt floor—which is mandatory in new constructions in places like Delhi—or have emotional ties to your existing home, renovation could be more appropriate.

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