At some point, every house begins to lose its lustre. Cracks start appearing, appliances get worn out, paint gets chipped, and the interior of your home starts looking old, frumpy, and worn-out.
But when is it worth it to renovate and when is it better to start over? How do you look at your fixer-upper and decide if you should put in the time and money to fix it, or make the decision to build a brand new home?