Posted by IaGary on November 27, 2012 at 18:03:10 from (108.160.228.103):
In Reply to: Old farm houses posted by Ralphwd45 on November 27, 2012 at 17:48:08:
The ones being tore down around here are not the solid ones.
The ones being tore down have major problems that may not be visible from the outside. Most issues could be fixed such as a new foundation but may be very expensive to put money into when there are other small issues to go with the big.
Windows,siding,insulation,wiring and plumbing can cost more to rebuild then build new.
I own a house that will celebrate it's 100th birthday in 8 years. It has cost a lot to keep it up the last 25 years. If you can't rent them for a good price it becomes a money pit that is easier to tear down to eliminate the expense.
Then you have to deal with renters. I'm lucky one of my daughters rents mine.
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