The cost of construction of a new home is high but in case of the old one, how much more! Old houses are very costly to build because they require extensive labor, more materials and complicated structures. In contrast, the cost of constructing a new house from scratch (in the absence of any old structures) would be very low because there is no labor, no materials and so on involved in the entire process. This means that the overall cost of constructing a house becomes lower than the cost of building an old house.
Construction cost calculator