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Real Estate
Reply to "McLean Custom Home Builder Files for Bankruptcy"
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[quote=Anonymous][quote=Anonymous]RE taxes on smaller homes are way less-- until they are renovated and the taxing jurisdiction re-assesses them and the taxes increase. You can remodel to your tastes but you can't get some of the features such as 9 foot ceilings on an older house unless you raised the roof at great expense. You can't always add on because of building restriction lines, lot coverage, and setbacks.[/quote] If your lot is not a cookie-cutter rectangle flat lot you likely will have similar limitations anyway when building. IDK the cost of building another floor TBH, is it comparable at all to the costs of demolishing and building a new house and changing all the landscaping that itself can cost a lot? Construction is likely going to cost as much as buying an entire tear down property for a basic builder grade stuff. Maybe if you are your own builder and use piecemeal subcontractors you could make it worth it, IDK. [/quote]
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