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Reply to "Cost to tear down & rebuild?"
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[quote=Anonymous]We did a renovation and addition last year (started in 2020) and wondered the same thing. Our contractor said that the least expensive new build they'd done was $850k (not including site fees, permits, fixtures fittings etc, plus rent and moving out for a year.) That was Sept 2020 so I'm sure that number is higher now. The ROI in the long term might be better but we're in our early 50s and didn't want to blow our savings or take on more debt. And if we had, I would rather throw that money at an existing house - not live through an even longer and more unpleasant process of building new. Our house now is still small (2400sf) but we're really happy with the end result.[/quote]
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