Many homeowners love their location but have outgrown their home. Others own older properties that no longer meet modern building standards, energy efficiency expectations, or lifestyle needs. In these situations, a teardown and rebuild may provide a better long-term solution than a major renovation.
At Cogdill Builders of Florida, we help homeowners throughout Tampa Bay and West Central Florida replace aging homes with custom homes designed around today’s lifestyle, building codes, and construction standards.
What is a teardown and rebuild?
A teardown and rebuild is the process of removing all or part of an existing structure and replacing with new construction. As I always say, when its time to re-paint, just tear down and rebuild! The term was coined during the housing boom circa 2006, typically in reference to the mega mansions and multi-million dollar homes. This process entails the destruction of dilapidated homes beyond repair, whose main value is in the lot they occupy, and constructing a replacement home from the ground up.
There are pros and cons in any situation and with a teardown and rebuild is no different. Homeowners and homebuyers are more often than not finding the pros vastly outweigh the cons. The benefits of a teardown and rebuild include:
- Low maintenance, energy-efficient, uniform and better constructed home meeting current 2010 building codes.
- significantly stronger foundations and structural systems
- Less difficulty in obtaining homeowners insurance,
- Potential local, state, or federal tax deductions.
- savings on impact fees as compared with building new on a new property.
What does a teardown and rebuild candidate look like?
There, of course, is no one specific method of picking out a teardown and rebuild candidate. A variety of factors can impact a home’s value and potential. The typical candidate does however include the following:
- Smaller than average and outdated in its current neighborhood.
- Structurally unsound or requiring a whole house renovation.
- Valued at two to three times less than slightly above the average cost of a home nearby (will generally sit on the market for long periods of time)
- Insufficient plumbing or electrical wiring
- A home you are simply tired of!
Keep the Location You Love
One of the biggest advantages of a teardown and rebuild is the ability to remain in a desirable location.
Many Tampa Bay homeowners choose to rebuild because they want to stay near:
- Family
- Schools
- Work
- Waterfront property
- Established neighborhoods
- Community amenities
Rather than relocating, rebuilding allows you to create a new home while preserving the benefits of your existing property.
Teardown and rebuild candidates are not difficult to spot for a professional but can provide a variety of benefits. Cogdill Home Builders will sit down and discuss your options. So, before you go on a demolition derby with your kitchen counter and a hammer, read through the demolition, teardown and rebuild checklist and call me, Mike Cogdill direct at 813-486-9099 to discuss your demolition and rebuild needs.
