TEARDOWN
Teardown
A teardown refers to a process in which a real estate company or individual buys an existing home and then demolishes and replaces it with a new one. Frequently, the new building is larger than the previous one. Reasons for developers to teardown can include increasing the appeal of the property to prospective buyers or taking advantage of rising property values. The process is especially common in older suburbs, where people wish to have larger homes, and yet do not want to move to far-out exurbs or new developments. Some argue that a common result is the gradual degradation of the historic character of the neighborhood. Others recognize the higher standards, for ...The above text is a snippet from Wikipedia: Teardown (real estate)
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tear down
Verb
- To demolish
The above text is a snippet from Wiktionary: tear down
and as such is available under the Creative Commons Attribution/Share-Alike License.
teardown
Noun
- A well-maintained structure purchased and torn down to make way for a new structure.
The above text is a snippet from Wiktionary: teardown
and as such is available under the Creative Commons Attribution/Share-Alike License.