ᐅ Old House: Demolish or Renovate?

Created on: 2 Apr 2015 17:27
A
aileendreyer90
Hello everyone,

We are planning to build a house, but we recently viewed an existing property just one street away. The house dates back to 1870 and was renovated in 1990.

The house is very old, but the location and the plot (1,850 square meters (20,000 square feet)) are perfect.

Now for the big question:

Is it worth keeping the original foundation walls of such an old building and completely renovating it?

Or would it be better to build a new house from scratch?

Financially, it would be about the same either way...?!

If building new, how much does it cost to demolish a house? Specifically, just the removal and disposal of debris?

Is it possible to estimate these costs as a general rule?

There was no asbestos (however that is spelled) or similar hazardous materials found or seen there...

Thank you in advance for your answers.

Best regards
A
aileendreyer90
9 Apr 2015 16:40
Thank you for your detailed response, Dirk.

I will have a couple of people come by.