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Real Estate
Reply to "Is it cheaper to tear down our existing house and rebuild, or buy a new construction?"
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[quote=Anonymous]We have a similar dilemma. Our house was built in1963. The original builder didn’t use any rebar in the foundation. We got a foundation crack during the1994 Northridge earthquake. Over the years, the crack has gotten worse. Houses nearby (mind you, also lacking rebar, but perhaps without a similar foundational crack) are selling for $750-$775,000. We LOVE the area. The question is, do we rebuild (after finally being free of mortgage payments) or move to a new house in a cheaper area? [/quote]
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