I don't think an old real estate property or building should be demolished in order to build a new structure, this is because the owner of the building will be running to a loss, and no one want to lose.
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It all depends on the structure of the real estate properties in which you want to buy, if the structure is very weak and the foundation is already affected, then the bet thing to do is, to pull it down and erect a completely new structure.Buildings and house designs are dynamic as architects and engineers are always working churning out beautiful designs and building plans to suite ever present needs in houses and building structures.
Should real estate investor consider demolishing very old structure like from the 60s and 70s to construct modern designed structures??
Buildings and house designs are dynamic as architects and engineers are always working churning out beautiful designs and building plans to suite ever present needs in houses and building structures.
Should real estate investor consider demolishing very old structure like from the 60s and 70s to construct modern designed structures??
As weird as it sounds, some people still prefers the 60s and 70s kind of building structure. Real estate developers cannot just wake up one day and start demolishing old structures without a need for it. Most people avoids old structures design because of the capital needed to fund it.Buildings and house designs are dynamic as architects and engineers are always working churning out beautiful designs and building plans to suite ever present needs in houses and building structures.
Should real estate investor consider demolishing very old structure like from the 60s and 70s to construct modern designed structures??
this all depends on the individual and what he or she wants most people demolition wood estate property and reviewed or reerct me once while others will renovate.When your building is outdated based on the new look of ultra-modern houses that is built nowadays, then renovation is required. But if you wish to demolish you can still go on demolish it.
The things that move government of the world are always envisioning themself of demolishing most buildings in rural area and developing them into beautiful edifice but if they are to do all those things without the commission rate increment in the economic purchasing power of the country then it will all be for waste or decoration.I think it depends on the place where the house is located and the conditions. In many cases, old homes are a heirloom for buyers, who are willing to pay more than what they ask for, since they value the architecture and the years of a home. Now, if it is a common home in the sector, demolusion and renovation may be necessary.
Yes, for the most part as you describe, this is in the rural areas where demolition and construction of attractive properties or buildings always happens. In the cities they take more into account the architecture of the houses, at least in my country there are sectors that are constantly renewed and other untouchable sectors.The things that move government of the world are always envisioning themself of demolishing most buildings in rural area and developing them into beautiful edifice but if they are to do all those things without the commission rate increment in the economic purchasing power of the country then it will all be for waste or decoration.
If my building is outdated, and looking old I'll simply renovate it or completely demolish of when it is well adrift of modern buildings around.this all depends on the individual and what he or she wants most people demolition wood estate property and reviewed or reerct me once while others will renovate.