Asked by Wingfooted, Greater Heights, Houston, TX • Mon Oct 12, 2009
the back. The time has come where the original home no longer has much if any economic life. So the choices are either #1 sell the property, #2 contract a major remodel / refurbishment or #3 tear down and start over with new construction.
#1 is doubtful as the the house is in such a state that it is unlikely that any bank would lend on it. #2 - not sure if we would ever get our money out of a major remodel. So purely from an economic standpoint I am leaning towards #3 tear down / start over. What do the professionals say and what can I expect on a $/ft basis for construction costs ?
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