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Real Estate
Reply to "$3.3 million in CCDC / Barnaby Woods"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Honest question- if they didn’t raze the house, isn’t it still a flip? A very expensive, extensive one for sure, but the old house isn’t completely gone. [/quote] The developer might have preferred to raze it, but by leaving a couple of walls up he would be grandfathered in and not have to comply with the current lot set back rules. For all intents and purposes though, this is a new build, not a flip.[/quote] Nothing to do with set back in this case. Setback rules in DC currently say “in line with neighboring houses” so they could have built in the same place with a raze. In this case, it’s because you save at least 100-200k in site prep and concrete work by using an existing foundation and just adding onto it versus paying for a complete raze, new site work, and a new foundation. [/quote]
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