“It’s a common dilemma: Should you remodel or build new? Fix up an old building or tear it down? …

Unfortunately, that decision is often made on assumption or hearsay rather than sound financial basis….”

Four points are covered in the article: start with the master plan, survey and analyze, consider code, look deeper than cheap.

“Renovate or Rebuild: How to Answer Strategically.” CCCA InSite Magazine. December 2013/January 2014. by Gail Wood. pp 46-47. Available electronically to members. http://www.ccca.org/public/publications/insite.asp