That’s why the smart thing would be to find teardown properties and build a new home for yourself. Teardowns are a great deal because even though it may be a bit more money than just buying an existing home, you won’t have to put the same kind of money into it over the next decade, so you will not only save money in the long run, you will have a new beautiful home that sells better than any home in the neighborhood. Teardowns are also great deals to consider and can give you great value on any property.
In neighborhoods where open land for development is very scarce, teardown properties are increasingly common. Homeowners are increasingly willing to recognize that their listed property is a teardown, and potential buyers and builders are seeking out these properties in greater numbers. Savvy investors and home buyers are finding Miami teardowns in Florida, Aspen teardowns in Colorado, and Stamford teardowns in Connecticut. These opportunities are popping up across the country for those who recognize their value.