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Real Estate
Reply to "How do teardowns work, and do they really 'work'?"
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[quote=Anonymous]I think 800k to million is not going to get you much in the way of a tear down. We moved to Arlington recently but looked in Berthesda as well and the issue is that the land is costly and then you have to tear down the house and then build another one. For us, that took us north of 1 million by by about 500,000. People on this board have a variety of opinions a bout tear downs. For us, we were looking close in, needed to be fairly close to Metro and wanted a neighborhood feel and a fairly sizeable lot. A lot of the hoods that fit those requirements turned out to be mixed...lots of older, smaller homes with bigger, newer homes here and there. Would I rather live in a more uniform hood. I guess so but in the scheme of things we are happy. Everyone in the new hood has been very welcoming and conplimentary of our house. Maybe they actually hate it and us or maybe they're happy cause they think the value of their home is going up, I don't know. [/quote]
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