Hello everyone, I’m new here. I signed up because I came across this forum during my research and I hope to get some tips and suggestions. There is a house in our neighborhood going up for foreclosure auction. The house is considered ready for demolition, so its value is set quite low. This makes it a potential option for us since it is practically in our dream location.
The plot is on a slope and has a basement, with one side being at ground level. The basement is likely damp or the foundation may no longer be in good condition, so we would plan to completely demolish it and then rebuild the basement in a way that part of it could be used as living space.
What kind of costs should we expect for such a basement if we mainly reuse the existing excavation of the old basement, maybe just slightly enlarging it? Some costs should be lower since less earthwork is needed, right, or am I mistaken?
Thank you in advance 🙂
The plot is on a slope and has a basement, with one side being at ground level. The basement is likely damp or the foundation may no longer be in good condition, so we would plan to completely demolish it and then rebuild the basement in a way that part of it could be used as living space.
What kind of costs should we expect for such a basement if we mainly reuse the existing excavation of the old basement, maybe just slightly enlarging it? Some costs should be lower since less earthwork is needed, right, or am I mistaken?
Thank you in advance 🙂
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Finanzcoach25 Jan 2021 21:46That would be a standard sale.
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DestinyMcgee24 May 2023 13:56You need to be careful when renting construction equipment. I say this from experience. Many companies offer this service. It’s true. Even if they are not located in your city, they can deliver the machine to the construction site within 48 hours. But be cautious. Rental costs are usually very high, and construction schedules often change. We all know this—due to rain, staffing issues, and so on. If you need a machine for 2 or 3 months, sometimes it’s worth considering buying a used machine. Even if it’s old but still functional. In the end, you pay about the same. You have to be careful with rental invoices for this type of equipment.