The New Home Building Process

The New Home Building Process

The New Home Building Process

Many home shoppers often overlook the option of building a new home in a neighborhood that already exists with key features that they may like. These include things like short commute distance to work, good schools, a good community, and proximity to recreational and entertainment facilities.

With plots for building becoming hard to find in some areas, knocking down, and rebuilding an already existing house is a great way to take advantage of the opportunity. By knocking down houses that are obsolete and whose value is only the plot on which they are built, buyers and builders have the opportunity to get homes that are modern and up to date.

Most buyers and builders tear down the existing houses and replace them with new houses that conform to the neighborhood. Popularly known as teardowns, these methods are also welcomed by local authorities since they enhance property tax. The reason behind this is that the replacement houses produced have a higher value than the house that was knocked down.

Teardowns have their own challenges. They involve obtaining building permits, zoning regulations, demolition challenges, and historic preservation among others. These are challenges that are not normally encountered by those who buy homes in subdivisions that have been newly developed.

How to identify a house that can be knocked down

Houses that have the potential of being knocked down are those, which are in poor condition in prime neighborhoods. They may have outdated kitchens, smaller than average living space, consume a lot of energy, or lack enough sanitation facilities.

Such houses may be having structural challenges that might make it hard to find a potential buyer or occupant due to the huge cost of renovation. Due to such issues, their price is much lower than those houses in the same street or neighborhood and usually remains unsold for long periods as compared to others.

According to specialists in knocking down and building new homes, the value of a teardown house should be able to support three times the value of a new house built on the same plot. What this implies is that if an obsolete house in a prime neighborhood costs $300,000, then the value of the house built on the same plot after teardown should range from $700,000 to $900,000. That house is a suitable one for a knockdown.

Restrictions affecting knocking down an existing house

Many desirable and old neighborhoods have restrictions that seek to maintain the character of the neighborhood. Other zones are historic preservation areas that ban teardowns. Others require that the house replacing the one that has been knocked down must adhere strictly to the architectural standards and size of the neighborhood.

Most local authorities require a demolition permit to be obtained before work commences. Some inspections or oversights are also required from the fire department prior to the demolition to safe guard the safety of all workers on site. Local government rules might also require the house to be inspected in case of any toxic materials. This is mostly common for houses built in the 1960s, which were roofed using asbestos.

A knockdown is a viable option for those looking for good houses in prime neighborhoods that are existent. With the right financing, permits and a reputable builder, knocking down an existing house and building a new house is a wise way of owning a house in a prime neighborhood.

Nhu Anh

Nhu Anh is a professional editor in the field of architecture and interior design. Having a strong desire for architecture and design in her writing career, Nhu Anh attempts to provide readers the most wonderful architectural news and projects.

 

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