Reply to is cheaper to tear down or renovate extensively?

Forum Index » Real Estate

Reply to "is cheaper to tear down or renovate extensively?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]$500k to gut renovate existing house, and do 2 story addition.  Could have rebuilt much bigger house for only slightly more, but we felt the quality would have been way worse in a new build at that price point. [/quote]

But you would likely have a higher resale value. [/quote]

That is true but we bought our house at a very good price, so still would make money on our renovated house. Since we plan to stay in this house for many years, we chose to renovate it to our liking while keeping the older "bones" of the house which we love.  It would have been near impossible to build a new build that's good quality and had all the details of our older home (hardwood floors throughout, arched doorways, crown molding) at a price point slightly higher than our renovation costs.  For our familiar, a a nice quality house that we really like was more important than having a lesser quality new build, even if that meant sacrificing how much we may make in resale. [/quote]

Bones and your ideas of good quality of bs, but whatever helps you sleep at night[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics