Renovation Versus New Build – Buying Below Residual Value
A big theme these days is the comparison between buying a new home, or fixing up/extending an existing one. Which is the better option?
Well, in many markets across USA prices remain stubbornly high for newbuild homes, so a wrecked old foreclosure may make better value for money. But renovation isn’t for everyone, and costs can escalate, especially if you’re looking at the luxury end of the market.
In...