Would you ever buy a house intending to knock it down?

lots are going to be gone soon so would you ever buy a house for the lot and then knock it down a build a completely different house?|||It's not that uncommon - it's done when the buyer wants the land the house is on, but wants to put in a newer/bigger house.|||Yes. A lot of investors buy old houses that are either condemned or suffered fire damage. The value of the total land plus structure increases significantly with new construction. Bigger and better things can be built because zoning regulations could have changed. The land could have been originally zoned R1 (only one house allowed on that piece of land), the city upped the zoning to R4 which allows a four-plex to be built or other zoning regulations that now allow two-story houses or a greater ratio of living space to land space.|||It happens. It is easier to build on a lot that had a house on it because the utilities are already there and such. Many homes go into disrepair and are better to be flattened and start over than try to salvage the home.|||of course. Happens are the time in areas that have a short supply of lots and a lot of smaller, outdated homes.|||In Fort Lee New Jersey every house build prior to 1980 is bought, torn down and a large duplex built on the lot. In 1985 lost, 50 by 100 sold for 285k and up.|||Yes! It is FAR easier and cheaper to get building permits when you are remodeling as opposed to new construction.|||i havent but i know a couple of people that have because the house was really old but the property was a prime location|||you would have to pay cash for it - no mortgage company will let you do that