Renovations and new builds vary widely in cost depending on factors like size, complexity, and materials used. Renovations often involve working within existing structures, which may not be as cost-effective than building from scratch as they may also require updates to older systems and tie in the old with the new. New builds offer the opportunity for custom design and may have higher upfront costs but can be more efficient in the long run. It’s best to discuss your specific project with a builder to get an accurate cost estimate tailored to your needs and budget.