Posted on: 21 December 2018Share
When it comes to real estate, location is everything. Whether you are looking at a residential property or a commercial property, the right location likely comes at a premium. Sometimes, when you are searching for a property, you find one in the right location but the property itself has seen better days or doesn't fit your needs. While renovations may be able to help, sometimes it's best to tear it down and start over. Here are three things that you should know before demolition.
Demolition May Not Be Possible
Before buying any property that you plan to have demolished it's important to make sure that you are able to do so. In some areas the local government may prevent you from demolishing a building or put limits on what you can tear down. Historic buildings or homes often cannot be demolished. You will also likely need to go through your local government in order to obtain permits for demolition. There may also be limitations on when you are able to do site demolition in certain areas. You may be restricted to certain days of the week and times of day.
Costs Can Vary
Another thing to consider is that demolition costs can vary widely depending on a variety of factors. Whether or not you are having a residential or commercial property demolished can have an impact on price. Location will also have a major impact. It's typically far more expensive to do a building demolition in a high-density urban area than it is in a less populated community. On average commercial demolition costs between $4 and $8 per square foot. Demolishing a house typically costs around $18,000 on average. There are also additional costs to consider such as hazardous material removal and demolition permit fees.
The Timeline Can Vary
Another thing to consider when it comes to demolition is your timeline. Demolition can take some time depending on the structure that is being removed. Demolishing a home can be done in as little as one day. Commercial properties or more complex structures can take longer. You also have to factor in the amount of time it can take to get the proper permits for demolition. Planning out your timeline for demolition is a must in order to be on time with your new construction.
If you are considering demolition, there are a few things that you should consider. First, it's important to determine whether or not demolition is a possibility. There may be some limitations depending on the structure. Costs can also vary depending on location and the building itself. Your timeline is also key. Sometimes demolition can be done in as little as one day while in other instances it can take much longer. For more information, contact a company like Morcon today.