If you’re planning a major home upgrade in 2026, you’re not alone. Many Australian homeowners are weighing up the same important question:
Should I build a brand-new home, or renovate what I already have?
With construction costs stabilising, property values evolving, and lifestyle needs changing, deciding between building and renovating can have a major impact on both your finances and your future comfort.
At Prescom Constructions, we help homeowners navigate this decision every day. Here’s a clear guide to which option offers better value in 2026, plus practical tips to help you choose wisely.
Building from scratch can deliver exceptional value, especially for homeowners wanting a modern, efficient, low-maintenance home.
Key benefits of building in 2026 include:
• Complete design freedom
Build exactly what you want without working around existing layouts or limitations.
• Better energy efficiency
New homes are built to today’s standards, meaning lower power bills and improved sustainability.
• Reduced maintenance costs
With brand-new materials, wiring, plumbing, and finishes, you avoid the surprise repair costs common in older homes.
• Strong resale appeal
Modern builds attract buyers looking for turnkey living with minimal work required.
Homeowner Tip:
If your current home requires major structural changes or updates to meet modern standards, building new may actually be more cost-effective than renovating.
Renovating is often the smarter choice when the home has good foundations and you love the location.
Renovating in 2026 can offer strong value through:
• Lower upfront costs
A renovation can be less expensive initially than a full rebuild.
• Increased property value
Strategic renovations in kitchens, bathrooms, and extensions can significantly boost resale value.
• Preserving character
Older homes often have charm and features that are hard to replicate in new builds.
• Staying in a prime location
Renovating allows you to upgrade without needing to relocate.
Homeowner Tip:
Focus renovations on high-return areas like kitchens, bathrooms, outdoor entertaining, and adding bedrooms.
In 2026, pricing across the construction industry is more predictable than in previous years, but cost still depends heavily on scope.
Build costs are usually more straightforward because:
• The project starts fresh
• Budgets are clearer from the beginning
• There are fewer hidden surprises
Renovation costs can rise unexpectedly due to:
• Structural damage
• Asbestos removal
• Outdated plumbing or electrical systems
• Design constraints
Homeowner Tip:
Always include a contingency buffer of at least 10–20% when renovating older properties.
Both options require planning, but disruption looks different.
Building new:
• Longer overall timeline
• Requires approvals, possible demolition, full construction phases
Renovating:
• Often faster depending on scope
• Can be stressful if living in the home during works
• May require temporary relocation for major renovations
Homeowner Tip:
If you need to live at home during the project, stage renovations carefully or consider building if disruption will be too high.
Which Option Gives Better Value in 2026?
Here’s a quick guide:
• A modern, energy-efficient home
• Lower long-term maintenance
• Full design control
• Maximum resale appeal
• A more affordable upgrade upfront
• To stay in a location you love
• To improve a solid existing structure
• To add value through targeted improvements
Final Homeowner Advice from Prescom Constructions
Before deciding, ask yourself:
• Is my current home structurally sound?
• Will renovations achieve what I want long-term?
• Would a new build offer better efficiency and value?
• Am I prepared for unexpected renovation costs?
The best value comes from choosing the option that fits both your lifestyle and your future plans.
At Prescom Constructions, we specialise in both high-quality new builds and expertly managed renovations. Our team can guide you through the process, provide clear costings, and help you make the best investment for your home.
Prime Costs (PC) and Provisional Sums (PS) are essential terms in construction quotes. Prime Costs cover allowances for materials like fixtures or appliances that haven't been selected yet, offering flexibility but potentially leading to additional costs if more expensive options are chosen. Provisional Sums are estimates for work not fully defined when quoting, like excavation or retaining walls, and may change due to unforeseen circumstances. Understanding the distinction helps homeowners manage budgets and avoid surprises during the building process.
Read more
A pre-handover inspection is crucial when taking possession of a new home to ensure any issues or defects are addressed before the final settlement. Key areas to check include the structural integrity (e.g., walls, floors), fittings and fixtures (e.g., taps, doors, windows), kitchen appliances, bathroom tiles and plumbing, electrical systems, and finishes like paintwork and flooring. By thoroughly inspecting these aspects, homeowners can prevent costly repairs later and ensure a smooth transition into their new home.
Read more
In recent years, a new trend has emerged in the world of residential homes known as the Australian Hamptons style. This unique architectural and interior design style combines elements of traditional Hamptons style with a distinctive Australian twist, resulting in homes that are both elegant and relaxed. Often referred to as Aussie Hamptons, these homes have gained popularity for their timeless appeal and seamless integration with the beachy Australian lifestyle.
Read more