tear-down economics

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: ...
Read More

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 . . ....
Read More

Is it a Tear-Down? How to Tell on MLS

Three Giveaways Is the house you’re looking at online a tear-down? Here’s a short-hand way to tell: One.  The list price is upper six figures (or more), and there are only three photos — all exterior shots (MLS allows up to 18). Two.  When you link to the county tax records, the land is worth...
Read More