Tearing down a house might be easier than trying to fix-up a home that has completely deteriorated. It's also less expensive than, say, moving a home to another lot. But sometimes the home is in such poor condition that it can't be salvaged.
I asked a local contractor in my area, who deals with a lot of contractors in the mid-west, how much it would cost to tear down a house. He estimated a ballpark figure of $15,000 to $20,000.
To confirm that estimate, I called another independent contractor. This contractor just recently demolished a 1500 square-foot, single-story house in Midtown -- demoing it back to the dirt, which means removing the foundation -- for about $18,000. That price also included tearing out the basement.
Bear in mind, these are 2007-2008 prices, which will likely increase over time due to inflation and may cost more in other cities. But it's still, excuse the expression, dirt cheap to tear down a house and haul it away.
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