Whether it’s cheaper to renovate a house or build from scratch depends on several factors, including the condition of the existing house, the cost of land, and the cost of construction in your area.
In general, it can be cheaper to renovate a house, especially if the house is in good condition and only needs minor updates. However, if the house is in poor condition and requires extensive repairs, it might be cheaper to build from scratch.
It’s also important to consider the cost of land. In areas where land is expensive, it might be cheaper to renovate an existing house rather than buying land and building from scratch.
Finally, consider the cost of construction in your area. In areas with a high cost of living, construction costs can be much higher.