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Reply to "Is it cheaper to tear down our existing house and rebuild, or buy a new construction?"
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[quote=Anonymous]Excel is your friend. Get quotes from builders for extras that you want, permitting and teardown and length of construction. Get similarly spec'd new construction houses sold for comps (redfin). Check how much rent is for what you need (house? Apartment?). Get recent comps for your own house to be sure that it will go for 800K. Column 1 total costs to teardown and build, column 2 1.2 mil minus net profit from potential sale of your house. Nobody here would give you precise estimates, you need to figure out your wish list and shop it with a few builders. [/quote]
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