OfflineTearing down a house might be easier than trying to fix-up a home that has completely deteriorated. It's also less expensive than, say, moving a home to another lot. But sometimes the home is in such poor condition that it can't be salvaged.
I asked a local contractor in my area, who deals with a lot of contractors in the mid-west, how much it would cost to tear down a house. He estimated a ballpark figure of $15,000 to $20,000.
To confirm that estimate, I called another independent contractor. This contractor just recently demolished a 1500 square-foot, single-story house in Midtown -- demoing it back to the dirt, which means removing the foundation -- for about $18,000. That price also included tearing out the basement.
Bear in mind, these are 2007-2008 prices, which will likely increase over time due to inflation and may cost more in other cities. But it's still, excuse the expression, dirt cheap to tear down a house and haul it away.
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check permit prices before you tear it down - in California a permit for a new home is $46,800 - a lot of money to fix the old one - maybe less in your area but check it out first is my advice.. I rehabed 2 old homes that would have been much easier to wipe off and start over but the cost of permits is so high it just penciled out better to rehab.
Bill O'Rafferty
Trademark Realtors
billoraffertyproperties@****