Take home to the studs vs. complete re-build

[Lauren Salvani]

Obviously every property is a different situation that needs to be evaluated but I'd like to find out why it seems most people prefer to take a home down to the studs and renovate versus completely tearing down the property and building a new home.  What are the advantages/disadvantages of each approach?

[J Scott]

Tearing down is more expensive and takes longer, especially when you factor in time and effort to get permits, zoning approval, environmental approvals, etc.