Getting started There's no one place to begin when you're renovating or building - but we reckon having a well-rounded idea of what the pros and cons could be is a good place to start. The good and the not-so-good about building a new home Advantages you can create the home you want on a section you like everything will be new you shouldn’t have to worry about maintenance for some years new houses are usually a lot more energy efficient. Things to consider it’s a big job and will require your time even if someone else is managing the project for you – as well as time to complete the build what the resale value would be after the building work is complete (consider building in a manner that’s in keeping with the area) if there are no neighbours yet, could they take your view, sun or privacy when they build? If you’re renovating, does it add value? Some renovations that can add value: redecorating that makes a home feel lighter, more spacious and cleaner work that cuts down on frequent maintenance improving kitchens and bathrooms extra living space and indoor-outdoor flow easy-care, attractive gardens better lighting and skylights. Some renovations that may not: renovations that are out of character with the home and neighbourhood anything that takes something away, such as turning 3 bedrooms into 2, or making a garage into a games room adding unusual features or things most people don’t want turning your home into the most expensive home in the neighbourhood.