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Investing on a house for demolition
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[QUOTE="Briangsam, post: 104036, member: 30259"] If you want better, tear down and rebuild. If you want cheaper, remodel. Even a wide-ranging whole-house remodel will still be cheaper than tearing down and building anew. Even conventional mortgages do not allow you to tear down a mortgaged home because you are destroying the collateral for the loan. But If you have noticed severe problems with your home's structure, or if you've noticed extensive moisture and mold damage in different areas, you might want to completely rebuild instead of simply renovating that portion. However, a home only needs a complete rebuild if it has extensive damage unless you have a completely different plans. [/QUOTE]
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