Table: Home Wrecker!

When Tearing Down a House Makes Sense...

-- The house is structurally unsound--for instance, beams are rotten and wiring and plumbing are antiquated

-- A renovation that solves all the house's problems would be prohibitively expensive

-- The house is on a large or attractive lot

-- The house is less valuable than others in the neighborhood

-- You like the neighborhood too much to leave

...And When It's A Bad Idea

-- Buyers in your area will pay extra for historical authenticity

-- The house has features that would be difficult to recreate

-- The replacement would be substantially more valuable than neighboring houses

-- You can get the features you want with a modest renovation

-- You aren't sure you will stay long enough to justify the effort and expense of a teardown

    Before it's here, it's on the Bloomberg Terminal.