Those mods can be done hilariously cheap vs starting with a raw block of land with no utilities. Just having a foundation with exterior walls and utilities ran to it, even undersized, is massive time save.
To start with,for many conversions you might need changes to the exterior walls to be able to pack in enough flats with required access to windows, depending on your local regulations, so it's not a given even the exterior walls would be untouched.
It certainly can be done - given many have been done, but it's not at all a given it'll be cheaper for all properties vs. tearing it down (which would still keep the utilities to the property, of course) and starting over.
vidarh|2 years ago
It certainly can be done - given many have been done, but it's not at all a given it'll be cheaper for all properties vs. tearing it down (which would still keep the utilities to the property, of course) and starting over.