BEST ANSWER
FIRST ANSWER
R.C. - you would probably have to check with the zoning of the lot to see if it could indeed be split into two lots if going that route when selling it. That is always something that a builder will think about, especially if he can get a second lot out of it. Generally it can cost up to $20,000 or so to tear down a house, then clear the debris, etc. so if selling it as a tear down and a lot, you should account for that in the price. Plus, it would depend on if the home is structurally unsafe and that's why it should be torn down, or is it something that could be rehabbed by a licensed contractor who has an interest in doing that type of thing? So I think you can market it either way depending on the true condition of the house currently on the lot. Hope this gives you more food for thought. If you have any other questions, feel free to contact me anytime. Angela Dolber, Realtor, Prudential Prime Properties, angela@pruprimehomes.com
Sat Mar 8 2008, 11:39