Owning a custom home is a dream for many of us. Buying land or a lot and building a home to their specifications is desirable to most people. Others might consider purchasing an existing home and customizing it through renovation. As a third option, you could consider a tear-down and rebuild a custom home.
With a tear-down and rebuild, you buy an existing home and tear it down to build a new home on the land. Some people might wonder why you would buy a home only to tear it down, but there are benefits. It’s just a matter of finding properties that represent a good opportunity for this type of project.
One of the top reasons for a tear-down and rebuild is location. The best neighborhoods often lack open land for building new homes. A tear-down might be the only option if you want to build a custom home in some neighborhoods.
It provides the chance to build the home exactly as you want it. You could buy and renovate, but the existing structure will limit your options. Most notably, there is only so much you can do to expand or alter the floor plan.
Modernization is another key benefit. You can modernize the home to make it more efficient. You can also incorporate the latest green technology in the build. With an old house, you might not be able to do as much to modernize the structure.
Zoning laws can be a significant problem for some tear-down and rebuild projects. It is often easier to get permits for renovations and additions. However, it all depends on the local laws and ordinances. Most buyers will find it easier to navigate these issues by working with an experienced real estate agent.
A renovation project could work on one section of the home at a time. You can’t do this when you need to tear the house down. That means you will need to either stay in your current home during the project or find temporary accommodations.
It isn’t as simple as building a house on an empty lot. Removing the old structure and disposing of the materials is another aspect of constructing the site. That means finding a builder with the skills and resources to handle this project. Most professional contractors can handle this.
Borrouso Realty is ready to help you find your home in Old Metairie. We have you covered whether you need to buy, build, or sell. We can even help you find the perfect property for a tear-down and rebuild. Reach out to our team to learn more about real estate in Old Metairie.
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