What Does House Deconstruction Cost?
Anything to do with your home — from minor renovations to full-blown repairs — incurs a cost. When your goal is home deconstruction over demolition, you can’t help but consider the price tag. After all, shouldn’t it cost more to take apart a house than to bulldoze one? You’ll wind up saving money in the long-run with house deconstruction.
The Cost of Home Deconstruction
On average, for a 2000 Sq. Ft. home, the cost for complete deconstruction is around $25,000. In comparison, demolition is $15,000 for the cost of labor, then another $3,600 for debris disposal and removal. In total, to demolish a home of this size, you’re looking at $18,600.
But that’s still less than the $25,000 for home deconstruction. The thing is, when you deconstruct your home, you can donate the building materials. For the same size home, the contents may appraise for over $170,000. Of that amount, you will receive a tax deduction of around $51,000. You’ll net about $26,000 for the full deconstruction of your home. You can experience a big gain, rather than a loss.
What you do with that amount is entirely up to you. You could put a down payment on a new family home or invest in a business; it is your money and your choice.
How Deconstruction Appraisals Work
If you’re interested in donating old building materials, you need to find a personal property appraisal firm that specializes in appraising building materials. Most will provide a free estimated value range of the fair market value of the materials to be donated. If you choose to move forward with their service, you’ll arrange an inspection at your home. All-in-all, the process should take a few hours, at most.
Once the inspection is complete and you’re good to continue, you’ll choose a tax-exempt charity to donate your materials to, then select a deconstruction contractor with the help of your appraiser. Once all is said and done, the appraisal company will send a signed IRS Form 8283, which you’ll include in your next tax return.
If you’re ready to begin the home deconstruction process, contact Green Donation Consultants for a free consultation. When you call 800-870-3965, we’ll work with you to schedule a timely appraisal that fits in your schedule.