What Is a Teardown Property?
AffordingAggie·3 months agoIt’s a property where the structure is less valuable than the land it’s on. So, bulldozer to the rescue!
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I've bought a teardown property before. Trust me, sometimes it's cheaper to start fresh than to fix up a fixer-upper.
Teardown properties are usually old or damaged homes that buyers plan to demolish and rebuild. Out with the old, in with the new!
A teardown property is basically a house that’s in such bad shape, the best option is to demolish it and build something new in its place. Think of it as hitting the 'reset' button on a plot of land.
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