Welcome to New Homes, a monthly column highlighting the new construction real estate market, written by Conor Sullivan and Dave Moya of Three Stones Residential at Keller Williams Realty. We are here to share our experience and expertise in lot acquisition, financing and construction of custom homes.
Deconstruction vs Demolition
What is the difference between Deconstruction and Demolition?
When a home is demolished the waste is simply torn down and then hauled away to a dump. Deconstruction is when a certified company takes apart the home carefully and attempts to reuse or recycle every part of the home possible.
What are the main benefits of Deconstruction vs Demolition?
- Reduce the environmental impact of the demolition process and reduce the carbon footprint of your new home
- Significant tax benefits in the legal write offs allowed by the federal and state governments
- Mentoring and on-site training by licensed general contractors for non-profit organizations for individuals seeking employment in the construction field who often don’t have access or intro level opportunities
How much of a tax benefit do I receive through the deconstruction process?
There are upfront costs associated with deconstruction that aren’t applicable in a simple demolition, however, the tax benefits can be upwards of $50,000 dollars for a 2000 sq. ft. home (based off of a 38-40% tax bracket).
While it may cost $25,000 to deconstruct, if you save $50,000 on your taxes your net is approximately $25,000 in savings overall. This doesn’t include the positive environmental and social benefits either!
If you have any questions about deconstruction and some local companies that work within this field please email us at [email protected].
Without further ado, here are some current options for buying new homes around the Tysons area:
- 1911 Prout Place, Falls Church — $1,499,000 — 6,032 sq. ft.
- 2316 Trott Avenue, Vienna — $1,789,000 — 6,174 sq. ft.
- 1200 Allendale Road, McLean — $2,195,000 — 5,952 sq. ft.
Want to learn more about financing a New Home build? McLean Mortgage (NMLS ID: 99665) can handle all of your construction financing needs. You can build your new home with as little as 5% down. Contact construction loan expert Troy Toureau (NMLS ID: 5618) at 301-440-4261 or AnyHomeLoans.com to learn more.