Is it cheaper to renovate or build new?

It depends. Renovating an existing building is often cheaper because the structure, foundation, and envelope already exist — but hidden conditions, code upgrades, and outdated systems can narrow the gap. Building new costs more upfront but offers full control and fewer surprises. A contractor's assessment is the best way to compare.

Rize Construction: Rize will assess both options and give you a free, side-by-side budget so you can make the smartest call.