[quote=bearishgurl]A 3000 sf house is not the typical remodel for Clairemont. It’s more like enlarging the FR and MBR suite into the backyard. At what cost would a homeowner in Clairemont buy the house next to him/her and tear it down? And why would they do that when their property would then be worth nearly double of the neighbors’ homes??
The avg home in Clairemont is NOT 1100 sf (you might be mixing it up with Linda Vista which is same zip code) :=] The avg home (orig) size there is 1500-1600 sf, has 3-4 br and 1.5 ba, a 2 car gar. and a 6800 sf lot and is approx 47 yrs old.
The avg (orig) home in Linda Vista has about 1100-1150 sf, 2-3 br, 1 bath and 1 – 1.5 car gar and is approx 55 yrs old.[/quote]
You’re missing the point. The average house size today is ~2500 sq-ft. The median house size is ~2100 sq-ft. So, even 1500-1600 sq-ft is well below the median. It was the median size when it was built, but it’s no longer. The main point though is the functionally obsolete layout. Depending on the original layout, it might be cheaper to tear it down and rebuild with a more modern layout.
BTW, where did you get those average home size data from?
You said lot size can’t be fixed. I just gave you one instance where you can fix lot size if the location is what you want. I did say it wouldn’t be cheap to fix lot size, didn’t I? But it’s not impossible to do.
