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Real Estate
Reply to "is cheaper to tear down or renovate extensively?"
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[quote=Anonymous][quote=Anonymous]Bethesda resident here. Usually cheaper to tear down. I know a few friends in the area who have evaluated both options, and always ended up with tearing down. It's complicated to tie into existing and aging systems and structures.[/quote] I am in the process now of building new. I tore down an old wood colonial which had 2 bedrooms. We got multiple estimates to add on and gut(plaster walls messy) /reconfigure the upstairs. We wanted new roof, all hw floors and carrera marble kitchen and good hvac. Estimates came in at $400k-$450k plus 10% reserve which did not include basement. Anyways, my new build is almost $650k(includes site prep) but selections and some design features are neat.[/quote]
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