Backstay, never bought a suit, never went to Vegas
- Thread starter
Yep, our house will be too big in 1 1/2 years, but the house isn't the issue around here, it's the cost of the land. They can scrape off the house, and STILL make money building a new one. Old houses can detract from the land value. Crazy, I know.
I think that's the same anywhere. Cheaper to demo whatever structure is there and start from scratch. That goes for commercial too, but not as much for light industrial. Unless it's a home with some provenence like a well kept Victorian in a similar neighborhood, or similar. Restoring an old house, boat or car can cost way more than finding one that someone else already spent all that time and money on!!