New build
‘New build’ is a term that denotes new construction as opposed to the renovation or refurbishment of existing structures. New build can include newly constructed structures of all types such as houses, apartments, office blocks, hospitals, stadia and so on. However, the term is often used in association with the building of new homes.
In new build, the percentage of new work will be greater than any existing work. So, a new building that uses the foundations of a previous building would still be regarded as new build. In the case of an existing multi-storey office block which has three new floors added to increase lettable floor space, the building overall would not be regarded as 'new build'.
Work that is not termed new build includes remodelling, refurbishment and renovation. Extensions, by their very nature, can be classed as new build but the existing building that has been extended is not new build.
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