Posted by Mark - IN. on January 14, 2013 at 20:57:22 from (24.15.158.80):
In Reply to: Some pics of my House posted by Fullers Farmalls on January 14, 2013 at 20:12:25:
We all have to start somewhere, and generally, it is not at the top.
If you demo it, all you will to show for it after the cost of carting the scrap off, is the value of the property. I don't know what you paid for it, and don't care really, but ask yourself, would that piece of BARE land in the neighborhood be worth what you paid for it minus the buildings? And, if you didn't pay cash and have a mortgage on it, the bank probably won't let you do that anyway, because it’s their buildings and property, not yours until it’s paid off.
If the foundation and exterior walls are in good shape, reroof it and rebuild the interior. Fix it up and either live in it, or sell it. The economy isn't looking rosy anytime soon, so be conservative at whatever your decision will be, and move on it fast.
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