Financing a teardown - who to use?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Op I’m sorry I can’t answer your question. If you don’t mind sharing, though, I’m curious what you were quoted to renovate your house. It must have been an insane amount if you are considering a teardown as an alternative.

Not OP but I was quoted $800K ish give or take $50K depending on the firm for a full gut reno on 2200ish square feet. This is in N Arlington and in 2025.

Thank you. And wow!!

This is probably for one of those fancy “design build” firms with an expensive reputation. Hiring contractors yourself for each separate part of the job and price shopping would be significantly less. But some people are lazy and impatient - hence the impulse to tear down your entire house.

If you don’t work at an important job, I guess you could take on a second full time job to manage a construction site. But I have one of these stupid houses - you can’t fix low ceilings. You move one thing and you need to move 20 to accommodate.

[Anonymous]

If local, try Chain Bridge Bank. They were excellent when we used them several years ago