Dani Lynn RobisonWealth Activator | Real Estate Investor & Speaker | Helping People Create Wealth With Simplicity, Trust & Impact

New Construction Versus Renovation 💡 #newconstruction #renovation #realestate

6 Feb 2024

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Speaker discusses the current housing/inventory shortage and argues that new construction is rapidly increasing because building new homes is easier than renovating older properties. The speaker notes that many existing homes are decades old (examples cited: 50–90 years), which complicates renovation compared with building new properties.

With the housing shortage, the inventory shortage of homes, new construction is just on fire right now. We need to be building more properties and more homes, and this becomes easier for us because we're not dealing with properties that are 50, 60, 70, 80, 90 years old. Right. So it's a lot easier to go through this process of building a new property than it is to take an old one and then renovate it.