Tag

is it a tear-down

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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First New Construction on Fern Hill Block Since . . . Harry Truman Was President!

Anatomy of a Tear-Down, 2008 vs. 2013 As the listing agent marketing 2810 Glenhurst Ave. in St. Louis Park’s Fern Hill neighborhood last Winter, I suggested that prospective home buyers who couldn’t find what they were looking for instead . . . create it. See, “Create Your Dream Home on Fern Hill’s Glenhurst Ave.” Fast forward 8 months . . ....
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Tear-Down Economics, Circa 2012

Projected Selling Price:  $171,400 Actual Selling Price:  $155,000 In a post more than 4(!) years ago titled, “Tear-Down Economics:  From Worst to First, or Housing ‘Leapfrog,” I posited a three-step test for determining how much the land underneath a given home was worth. In other words, how much the home would sell for as a tear-down....
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