Should you sell after clearing the land? Or sell with the old house? [No. 63]

“Since it’s an old house, it will sell better if I demolish it first, right?”

This is a question I am asked very often when consulting about vacant houses.

Actually, to this question,

there is no single correct answer that says “you should do this.”

This is because the conditions for real estate differ significantly from property to property.

For example, the things I check first are:

・What kind of area it is

・Whether it is an area where transactions for cleared land are common

・Whether the building is still in a usable condition

・How old the building is

・How much the demolition will cost

These are the points.

I never make a judgment based on looking at just one thing.

Just because it has an old house doesn’t mean it won’t sell

“It’s an old house, so it won’t sell unless I demolish it.”

Many people think this, but in reality, that is not necessarily the case.

In the past,

I have met many buyers who wanted to make use of the building,

such as those who purchased it as a traditional folk house or those who renovated it to use as a rental property,

and I have encountered them many times.

In other words,

there are people who find value in the old house itself.

Demolition costs vary greatly depending on the location.

Demolition costs are not determined solely by the size of the building.

For example, in older residential areas,

the boundary with neighboring properties is very narrow,

and there are houses where heavy machinery cannot enter.

In such cases, manual labor increases,

so demolition costs can be higher than you might imagine.

"It's an old house, so let's tear it down."

This is why you cannot make that decision so easily.

There are also cases where a vacant lot is more suitable.

Of course, there are cases where it is easier to sell as a vacant lot.

For example,

in residential areas near shopping facilities and schools,

there may be high demand from people looking for land to build new homes.

In such areas,

it may be easier to sell as a vacant lot.

In short,

the balance of supply and demand in the areais also an important factor in your decision.

The important thing is not to decide in advance

What I want to convey is,

not "Let's sell it with the old house."

But,

not "Let's clear the land."

either.

First,

think about who might need that property.

That is what you should consider.

Once a buyer is found,

it will become clear whether demolition is necessary.

Conversely, if you demolish it first,

you might miss out on a buyer who wanted to make use of the old house.

No two real estate properties are the same.

That is precisely why,

rather than judging based solely on information from the internet,

it is important to consider the approach that suits that specific property.

"Should I demolish it, or sell it with the old house?"

The answer to that is different for every property.

That is why I,

First, I look at the site,

and start by thinking about the direction together.

📚 A helpful book

Beyond just demolition or sale,

there are various ways to utilize vacant houses.

For those who want to make a decision after knowing their options,

“Super Effective Utilization Techniques for Your Parents' Vacant House”

Consultations here

If you have questions like,

“Should I demolish my vacant house?”

“Can it be sold with the old house attached?”

If you have such questions, please feel free to consult me via a note message.
Please feel free to reach out.

Based on the situation of each property,
I will help you think through the best way to proceed.