Quote:
Originally Posted by VINMAN
Im dont know the extent of the damage, but its real easy to tell someone else to tear down their "building" and move on. That is more than just a "structure" to someone. That is their home. Where they grew up, raised their family, played with their kids out in the yard. etc, etc... Lots of memories in that "structure".
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I know someone that 'rebuilt' their home. They sold and moved anyway, the kids couldn't sleep, had nightmares reliving the fire. I didn't suggest it off the cuff. Sometimes it is better to start with a clean slate. It's also going to be 9-12 more months of upheaval, before life can get back to normal.
From a financial point of view, a contractor is not going to work with slim margins on someone else's lot. The payment schedule is going to be front loaded, the owner has a risk of the contractor not finishing the job. And construction loans are harder to get than std mortgages.