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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]There is a cost in customization. But I also think that the cost for a tear down varies with property location/market value too. The justification for a tear down varies widely with the value of the location - building materials will include a markup in "hot" real estate markets. In DC, California, New York, where there are people who can afford a 300% markup for a doorknob, builders will charge that. The building materials to build a house in Small Town USA, Tysons Corner, DC doesn't have much of a variance in price. The complexity, managing the project and nuances unique to each case of course come into play. But largely, the cost of labor in those markets has a direct correlation to the price consumers are willing to pay there. [/quote]
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