When you love the location but hate the house, you are forced to make a difficult decision: should you renovate the home, or completely demolish it? Although there are many pros and cons to weigh, there are some circumstances in which tearing down a home is your best option. Read below to find out whether or not you should demolish your home.
The Home Requires Too Many Renovations or Repairs
Be smart with your wallet. If your home needs so many renovations that it ends up costing more than completely rebuilding it, you might as well demolish it and build a new one. Starting fresh can often save you more money than if you tried to salvage the home with renovations.
Likewise, if the cost of repairs exceeds the value of your home, opt for a demolition. The value of a home drops dramatically if it requires extensive repairs, so you may be better off to cut your losses and build a new home entirely; this can save you money and even bring the property’s value back up. Are you not interested in staying? After the demolition, you can also choose to sell the empty lot to buyers who are interested in building their own homes.
The House has Structural Issues Beyond Repair
Just because you can afford repairs doesn’t mean you will be able to do them. Over time, some homes suffer severe damages in the foundation, walls, ceilings, and other structural supports. If these aren’t able to be repaired, you may be forced to tear down the home.
How do you know if your home isn’t repairable? Be on the lookout for cracks or buckling in the foundation, weakened walls or ceilings, mold and mildew damage, and other things that indicate structural problems. If you’re not sure, contact a housing contractor to inspect it for you.
The House is Declared Unsafe
There are many reasons why a home would be deemed “uninhabitable.” Animal or insect infestations, black mold, asbestos, or peeling paint all pose serious health hazards and make a house dangerous to live in. Repairs usually aren’t enough to make an uninhabitable house habitable again, so you will need to demolish it.
Consider the Land
The Vacant Lot is More Marketable: Oftentimes, a home can lower the value of a property. Many people choose to demolish their old home and sell the vacant lot to make a better profit.
You Need the Land to Build a Custom Home: When you’re looking to build your dream home, it can be difficult to find the right plot of land. Oftentimes, people will buy a property with a house already on it, and then demolish it to make room for their own custom home.
You Don’t Have Space for Additions: If a property doesn’t have space to add on another room, many people choose to rebuild a new house to get the layout or space they want. Since it is so expensive, first consider knocking out some walls or installing an attic or basement instead. If you have no other options, you may want to tear down the home and build a new one with your desired additions included.
HOA Restrictions: Many Home Owners Associations have property restrictions that may prevent you from adding rooms to your home. If you dislike your home’s current layout but can’t change anything due to these restrictions, consider demolishing and rebuilding.
The House is Old: If your house is really old, you may be better off tearing it down and building anew. Old homes generally develop issues that require more substantial repairs over time, but a newer, more modern home will provide many benefits that an old home wouldn’t.
You Want to Fit In: Some neighborhoods feature many unique houses that look different from each other, while other neighborhoods have identical houses all lined up in a row. If your home sticks out from the rest, and not in a good way, it may be time to demolish it and rebuild one that fits in with the others.
If you find yourself in any of these situations listed above, keep your budget, patience, and housing dreams safe by choosing a demolition. If you need to tear down a home safely, efficiently, and affordably, call on Morgan Services Group Corp. Our contractors will let you know if demolishing, rather than renovating, is your best option.