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True or False: To be a Teardown, a Property Must Be in Poor Physical Condition

The $1.990 Million Potential Tear-down in Edina’s Parkwood Knolls Neighborhood One of the biggest misconceptions in residential real estate is that, to be a teardown, a home must first be falling down. Hardly. All “tear-down” means is that the home is less valuable than the land underneath it. That can be the case for at...
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True or False: To be a Teardown, a Property Must Be in Poor Physical Condition

Housing Market Misnomers One of the biggest misconceptions in residential real estate is that, to be a teardown, a home must first be falling down. Hardly. All “teardown” means is that the home is less valuable than the land underneath it. That can be the case for at least two reasons other than physical condition:...
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True or False: To be a Teardown, a Property Must Be in Poor Physical Condition

Housing Market Misnomers One of the biggest misconceptions in residential real estate is that, to be a teardown, a home must first be falling down. Hardly. All “teardown” means is that the home is less valuable than the land underneath it. That can be the case for at least two reasons other than physical condition:...
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True or False: To be a Teardown, a Property Must Be in Poor Physical Condition

  Housing Market Misnomers One of the biggest misconceptions in residential real estate is that, to be a teardown, a home must first be falling down. Hardly. All “teardown” means is that the home is less valuable than the land underneath it. That can be the case for at least two reasons other than physical...
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True or False: To be a Teardown, a Property Must Be in Poor Physical Condition

Real Estate Misnomers One of the biggest misconceptions in residential real estate is that, to be a teardown, a home must first be falling down. Hardly. All “teardown” means is that the home is less valuable than the land underneath it. That can be the case for at least two reasons other than physical condition:...
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How to Ruin a Perfectly Good Tear-Down (Huh?!?)

When to Skip Home Improvements In general, I applaud homeowners who want to make improvements to their homes and property.  See, “Let’s Hear it For Granny Flats!” However, at least when it comes time to sell, there’s one scenario where owners are better advised to save their cash, and simply market their home to builders: ...
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