To Renovate or Build New – Deciding the Future of Your Home

Should I renovate my home or tear it down and build new? While the answer is straightforward for many, it’s often more complex, requiring careful consideration and judgment. 

At Turnstone, located at the Delaware beaches where land values continue to soar, we encounter this decision frequently. If your cozy beach cottage is sitting on a multi-million-dollar parcel of land, you may be rethinking its future. And as grander homes sprout up around you, the choice becomes even more pressing. But before you call for the wrecking ball, there are compelling reasons to consider renovation.


We gathered insights from our team of seasoned professionals to highlight the key factors that should guide your decision. Remember, every situation is unique, and blanket advice won’t always apply.


Note: If your heart is set on preserving the history or character of your older home, this post may not be for you. A solid foundation and good bones are a renovator's dream, and we'd be thrilled to help bring your restoration to life.


Step One: Your Wish List

Start by dreaming big. What do you truly want in your home? Make a list of "wants," "needs," and "must-haves" without worrying about practicality just yet. This exercise will help clarify your priorities, and from there, Turnstone can provide a rough estimate for both renovating and building new. This way, you’ll know what financial ballpark you’re playing in. We can also help estimate the timeline for each option.


When Renovation Might Be Right for You

Thinking about preserving your home? Here are some factors to consider that favor renovation:

- Your home has a solid foundation and structure, saving you significant costs.

- The size of your existing footprint suits your needs.

- You prefer to upgrade in stages to manage costs or lifestyle disruptions.

- You’re on a tight schedule—renovations tend to be quicker.

- You don’t plan to drastically alter your home’s structure.

- Your home has non-conforming setbacks or lot coverage issues that would be restricted under new building codes.

- Less than half of the home requires renovation.

- You’re comfortable living through the renovation or have alternative accommodations.

- Structural elements like air quality, HVAC systems, or energy efficiency aren’t major concerns.

- The combined lot and rebuilding costs would far exceed the market value of your new home.

Of course, in some cases, the decision is more about practicality. If the cost of demolition is sky-high or lumber and steel prices are through the roof, renovation may be the more affordable choice.


When Building New is the Best Option

Sometimes, starting from scratch is the clear winning strategy. Here are a few reasons you might decide to build a brand-new home:

- You crave modern amenities like open floor plans, high ceilings, large closets, and energy efficiency.

- Your current foundation is nearing the end of its life or won’t support additional floors.

- Meeting new building codes for safety and efficiency would require extensive upgrades.

- You want a maintenance-free lifestyle for years to come.

- Aging-in-place features are important to you, and it’s easier to incorporate them in a new build.

- You’re passionate about maximizing energy efficiency.

- Newer homes often have lower insurance costs, especially near the coast.

- You want a floor plan that better suits your needs, or your current layout feels outdated.

- Hazardous materials like asbestos or lead paint are present in your home.

- Your lot is in a flood zone. For homes in flood zones that don’t meet current elevation requirements, FEMA might restrict how much you can spend on renovations without meeting strict new standards. If you’re concerned about sea level rise and want to elevate your home on pilings, building new is almost always the better option.

- The potential market value of a new home is much higher than a renovated one.

- Your existing floor plan is radically different from what you envision.

- You want to “build up” to capture views or gain more square footage.

- You need certainty in your budget—renovations can be unpredictable, with a higher likelihood of unexpected costs.

 - Your mechanical systems are aging. Building new not only allows for a fresh start with modern designs and technologies, but it also lets you reset the clock on costly repairs and system replacements.


Other Key Considerations

Before diving into renovation or new construction, ask yourself these important questions:

- Can you live in your home while it's being renovated? Renovations can be noisy, dirty, and disruptive. Workers will be coming in and out constantly. Is that stress you’re willing to take on?

- Do you have an HOA that governs building regulations? It’s worth getting their input early on to understand what they allow in terms of renovations, demolition, and new construction.

- Are you considering converting a garage to living space? Talk to a realtor first - losing a garage can negatively impact your home’s resale value.

- Don’t forget about the finishing touches. A new or renovated home often cries out for new furniture, which can add significant costs to your project.


The Bottom Line

Most of our clients who own older homes on high-value lots ultimately choose to tear down and build new. While the teardown route means you’re committed to starting fresh, it also resets the clock on repairs and system replacements, giving you peace of mind for years. Plus, should you ever decide to sell, a modern home will likely fetch a higher market value.

At Turnstone, we’re here to help you navigate this important decision, whether you decide to renovate or build new. Let’s Build Together to bring your dream home to life—whatever shape that takes.

May 14, 2025
(Caveat: This blog provides Turnstone Custom Homes' understanding of the relevant State and County "Improvement Tax" Code sections and Sussex County's current practices as of May 2025. Always consult with an attorney to evaluate your specific exposure to this tax .)
February 18, 2025
Annual award celebrates the top-rated and most admired home remodeling and design professionals across the global Houzz community
By Dave Eppes July 3, 2024
COVID had a devastating impact on home builders
By Kim Harding April 28, 2022
Kitchens are the heart of the home where memories are made around food and good conversation. Kitchens deserve to be the centerpiece of every home and the design trends for 2022 will help turn your kitchen into a timeless classic for years to come. Check out the article here
By Kim Harding April 22, 2022
Turnstone Custom Homes is a finalist in both the Best Home Builder and Best Home Remodeler categories for Coastal Style Magazine's Best of Coastal Style 2022! We are both thrilled and honored to be a finalist in both categories. Thank you to all who nominated us! We are incredibly excited for the next round of voting.
By Kim Harding April 22, 2022
Turnstone Wins Best of Houzz 2022
By Kim Harding January 13, 2022
Turnstone was recently recognized by the 2021 Rehoboth Cottage and Town Awards for two properties; The Modern Hickman and The Poolvue ! Check out the Article Here
By Kim Harding December 22, 2021
The following summarizes how Turnstone expects Project Managers to conduct themselves during a renovation project. Be empathetic. Having strangers tearing your home apart is extremely stressful. Understand that the homeowner’s goal is to get you out of their home as quickly as possible, consistent with quality workmanship. This aligns with our goal of completing the project promptly to keep job schedules intact and protect project margins. Don’t leave the homeowner waiting and wondering. Nothing is more frustrating than not knowing when workers will be in your home. Always assume the homeowner has planned their day around you or the trade contractors. Make sure the homeowner knows the expected start and finish times each day and communicate daily to either reconfirm or notify of changes to the schedule beyond our control. Most importantly, be there when you say you’re going to be! If you say you’re breaking for lunch the homeowner assumes you will be back in an hour. Homeowners do not make a distinction between our performance and the performance of our trade partners – it’s all the same thing to them and they expect us to manage the trades. Confirm trade contractors’ arrival schedule the evening before. Most people understand that things happen, and people are sometimes late. In those cases, let the homeowner know immediately so they can adjust their plans. Over-communicate. Renovations are inherently unpredictable. It is impossible to over-communicate what is going on, problems uncovered and proposed solutions, schedules and progress reports. Daily job logs are essential, communicating in words and pictures what was achieved and what will happen next. Document all important discussions and share that documentation with the homeowner through the construction management portal. Assume the homeowner is busy. Get to the point. If the homeowner is feeling chatty, they’ll let you know. Respect the Owner’s property . The work area should be cleared of the owner’s possessions and furniture. Help the homeowner relocate possessions to a safe area if necessary. Never allow Turnstone personnel or trade partners to enter spaces that are not included in the scope of work unless absolutely required to complete the scope of work. Never lie . Always tell the whole truth – especially if we’ve made a mistake. Once the homeowner stops trusting your word, you will never regain their trust. Don’t “manage” your client. The Project Manager is responsible to make sure the homeowner knows the whole truth. Don’t spoon feed or spin information. Be a straight shooter, even when that is uncomfortable for you or the homeowner. If you think the homeowner is being unreasonable, ask your supervisor to intervene immediately to clear the air, reach consensus and reset realistic expectations. Require decisiveness. Notify your supervisor immediately if homeowner inattention or indecision is threatening the project schedule. It will be uncomfortable to confront the issue, but the homeowner will thank you when the project is done on schedule. The homeowner’s business is nobody else’s business. You will learn a lot about the homeowner and their family during the renovation. Respect the homeowner’s privacy and keep sensitive information to yourself. Clean up. Leave at least 15 minutes at the end of each day to organize materials and clean up construction debris and check the driveway and street for nails and screws. Demand the same of our trade partners. Don’t forget the neighbors. The homeowners can tolerate a lot of disruption because they get a beautifully renovated new home at the end of the project. The neighbors just get the disruption. Introduce yourself to the surrounding neighbors early on and give them your cell phone number. Set realistic expectations and let them know you are aware that the project will inconvenience them. Some neighbors will never be satisfied but that doesn’t mean you shouldn’t try. If a neighbor becomes belligerent, disengage and schedule a meeting with your supervisor and the homeowner to discuss the situation. Conclusion. If you follow these rules consistently the homeowner will become your friend and partner in the project. Ignore these rules and your relationship with the homeowner will quickly deteriorate, making the entire process miserable for you and them.
By Kim Harding August 9, 2021
Have you ever wanted a quick reference for aging-in-place issues? Are you wondering how to incorporate some aesthetically pleasing designs into your projects? If so, the Aging-In-Pace Checklist might be suited to your needs. The checklist below contains features, suggested by The National Association of Homebuilders, that you may want to consider for your next construction or renovation project. It also provides a quick reference for various aging-in-place issues. Exterior Low maintenance exterior (vinyl, brick) Low maintenance plants and shrubs Deck, patio or balcony surfaces no more than ½ inch below interior floor level Overall Floor Plan Main living on a single story, including a full bath No steps between rooms/areas on the same level 5 ft. by 5 ft. clear turn space in living area, kitchen, a bedroom and a bathroom Hallways Minimum of 36-inches wide, wider is preferred Well lit Entry Accessible path of travel to the home At least one no-step entry with a cover Sensor light at exterior no-step entry focusing on the front door lock There needs to be 32-inches of clear width, with includes a 36-inch door Non-slip flooring in the foyer Entry door sidelight or high/low peep hole viewer; sidelight should provide both privacy and safety Doorbell in accessible location Surface to place packages when opening the door Thresholds Flush preferable Exterior ½ inch maximum with a bevel Interior maximum of a quarter inch Interior Doors There needs to be 32-inches of clear width, which requires a 36-inch door Levered door handles Windows Plenty of windows for natural light Lowered windows or taller windows with lower sill height Low maintenance exterior and interior finishes Easy to operate hardware Garage or Carport Covered carports and boarding spaces Wider than average carports to accommodate lifts on vans Door heights may need to be nine feet to accommodate some raised roof vans If code requires floor to be several inches below entrance to house for fume protection, can slope entire floor from front to back to eliminate need for ramp or step
By Kim Harding March 24, 2021
2021 Renovation Trends
More Posts