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About: Teardown (real estate)     Goto   Sponge   NotDistinct   Permalink

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A teardown is the demolition for replacement of a home or other building that was recently purchased for that purpose. Frequently, the new building is larger than the previous one. Reasons for developers to tear down can include increasing the appeal of the property to prospective buyers or taking advantage of rising property values. The process is common in older suburbs, where people wish to have larger homes, and yet do not want to move to distant exurbs or new developments.