The search for the perfect home in the perfect location can be a strenuous one, as there are so many factors to consider. Many home buyers find the perfect house in a location that is not ideal, or find the perfect location but can’t find a home that meets their needs/lifestyle. When the location is perfect, such as Isle of Palms, a tearing down an existing property and rebuilding can be a win-win situation.
In cases where the land that a home is built on is more valuable than the house itself, like many older homes in Isle of Palms, homebuyers may opt to tear down the existing house. This frees up the land so you can build your dream home in your dream location. But before you start knocking down old homes with a wrecking ball, here are some things to consider.
To qualify as a candidate for a teardown, a home must meet some general requirements. This usually includes:
- The home is not up to standard in their current neighborhood
- The home has a smaller square footage than neighbors
- The home has an outdated kitchen and floor plan
- The home has clear structural issues
The Teardown Process
Tearing down a home to build your dream home requires a series of detailed steps that must be completed carefully. The teardown process involves obtaining permits, checking with the local fire department and utility companies, submitting building plans and discussing details with a mortgage lender.
If time is not an issue, the teardown strategy may be the best way to get the home you want in the neighborhood you want. Each step can take days or weeks to complete, so being flexible in your timeline and scheduling can help the entire process go smoothly.
Do I Have To Tear Down The Whole House?
A teardown does not necessarily mean you have to completely demolish the existing house. In fact, local government and housing agencies encourage renovations over demolitions, often making it easier and faster to get permits for renovations than for complete demolitions.
You may be able to keep the foundation of the home, or take down the back side of the home to make room for an addition. Sometimes, keeping one wall of the existing home is enough to be considered a renovation instead of a complete tear down and can help speed up the permit process.
Teardown Options In Isle of Palms
Anywhere you can find older, single story homes, you can usually find homes that qualify for a teardown. One of the perks of working with a boutique realty team like Jimmy Carroll Realty is that they know exactly where to find homes that qualify for a teardown and can help direct you neighborhoods that are best for a brand new start.
Questions To Ask Before A Tear Down
Before you call the bulldozers to get to work, it is important to ask yourself three questions. Taking time to honestly consider these factors will help you make the most informed decision about tearing down an existing home to make room to build your own.
- Is the house worth salvaging?
- Would a renovation work instead?
- Is the cost to teardown worth having the home I want in the location that I want?
If you cannot answer these questions with confidence, call Jimmy Carroll Realty today for help and guidance navigating the teardown process. Tearing down older homes in Isle of Palms to build a custom, luxury home is a dream for many homeowners, and it may be the best way to get everything you want.
Find The Perfect Location
There is no shortage of luxury, waterfront homes in Isle of Palms. But if you’ve always dreamed about building a custom home that directly reflects the lifestyle of your family, a teardown and rebuild may be the option for you.
Contact Jimmy Carroll Realty today for assistance in finding locations ideal for a rebuild on Isle of Palms, SC. Your dream home in the affluent area of Isle of Palms may be one teardown away.