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