A house that sells turnkey retail for 60k at this late phase in the market, that would probably easily cost at least double that to rebuild is a house that has gone DOWN in inflation adjusted value, probably consistently for decades on end.

Hi all, I just want a sanity check from the BP folks here.I just asked my dad to add me as an authorized user to one of his credit accounts in the US to help me rebuild my credit scores there (since I closed all my accounts 10 years ago when I moved overseas).  

hello bp community, i was wondering what the cost would be to tear down an existing 2 bed 1 bath ranch and rebuild a new 3 bed 1 bath ranch in North Providence area.

We're gutting the thing down to the studs and rebuilding it saving not much more than some sub floor and the framing that had not changed per the plans. 

Feel free to reach out and let me know if there is anything specific I can help you with from the new buIld side.I think the decision of rehab vs tear down and rebuild would depend on a lot of factors including the condition of the property, lot size, sqft, zoning, location etc.

You should be insured for the cost to rebuild the property from the ground up.

If that property gets destroyed you wouldn't take that payout and just rebuild the absolute nicest building in the neighborhood (IMO), you would pay off the loan and go find 5 new deals.I would shop around for an insurance company that lets you insure for purchase price or slightly above.

I'd rather tear down the rear exterior stairway and not rebuild it. 

Business folks who got looted are not going to rebuild in the inner city so places like NYC may become Detroit of 1960 and 70.

I know a few people personally who would buy, tear down and rebuild  to match the newer builds in the area.