Build New or Renovate: Which Pays Off?

Real Value Series, Part 1 — Presented by RMC Builders

Whether you're dreaming of a custom build or debating a renovation, the question always comes down to value—both in comfort and cost. As members of the National Association of Home Builders (NAHB), we’re excited to launch a new blog series that breaks down real numbers, industry-backed data, and design inspiration to help guide your next home decision.

In this series, we’ll use ROI insights, visual comparisons, and real project examples to show how smart choices—like additions and renovations—can often outshine building new. Our goal? To equip you with quick-reference info and visual tools that help you make confident, value-driven decisions about your home.

🔍 Cost vs. ROI: What the Data Says

According to NAHB data, renovations and additions often deliver a higher ROI than starting from scratch with new construction. For example:

  • Kitchen or Bath Remodels: Average ROI of 70%

  • Basement Renovations: ROI of 75%

  • Outdoor Living Upgrades: ROI up to 90%

  • New Home Construction: Highest cost at ~$665,000 with 0% immediate ROI

These stats reveal something key: upgrading your current home can offer significant financial benefits, especially when done right.

(Click on the icons to enlarge)

🛠️ Why Renovating Might Be the Better Bet

Renovations aren’t just about saving money—they’re also about preserving the charm and character of your existing home while modernizing it to fit your lifestyle. Renovating can:

  • Be less costly

  • Allow for faster timelines

  • Preserve neighborhood aesthetics

  • Avoid the stress of moving or building delays

Plus, with our expert guidance, you'll get a design that feels brand new—without the new construction price tag.

🏡 When Building New Makes Sense

There are times when a brand-new build is the right call. If you’re looking for:

  • Total design control

  • Future-proof infrastructure

  • A completely clean slate for your vision

Then new construction could be the path for you. Just be aware of the longer timelines and higher costs associated with it.

RMC’s Recommendation

Every home—and every homeowner—is different. That’s why we help you evaluate your current home’s potential before making the leap into a new build. We tailor our recommendations based on budget, goals, timeline, and long-term value.

📞 Let’s Talk About Your Vision

Whether you're exploring renovation ideas or wondering if building new is worth the investment, RMC Builders is here to help. Our team of experts will walk you through your options and deliver a plan that’s right for you—and your future.

Previous
Previous

A Seamless Transformation in Lutherville

Next
Next

What’s Behind Your Walls? The Hidden Benefits of Insulation: Energy efficiency, noise reduction, and comfort..