Deconstruction is the process of carefully and selectively disassembling a building to salvage its components for reuse and recycling. Deconstruction helps diverts waste from local landfills, and returns repurposed, recycled materials to the community for use. For this different equipment and machinery is used from a backhoe loader to a gvi crane to move materials around.
Stahl Homes has gone through the deconstruction process several times with our own properties, as well as with our custom build clients. When the salvaged deconstruction materials are donated to a qualified 501(c)3 charity, you can deduct the fair market value of your donation. Based on the amount and condition of the material, this can lead to a sizeable tax deduction. This deduction can free up cash to help in the financing of your new home.
The first step in evaluating whether deconstruction will work for you is to get a qualified appraisal. On our links/affiliates page we list the companies we have been partnering with on our past deconstruction projects. Once the appraisal estimate is complete, you will get an estimate from the deconstruction company on the costs involved and the expected tax savings. As usual, they will recommend you talk to a tax advisor before proceeding.
Deconstruction will cost more money up front than simply demolishing a house and clear the land, for this I look for the Land Clearing Near Me depending on the location of the next project. Since the house is taken apart by hand, the deconstruction process can cost 2-3 times more than a straight-forward demolition. Deconstruction may have a small impact on the schedule of your new build, as full deconstruction cannot take place until the demolition permit is received. Deconstruction usually does not take more than two weeks, so the impact is minimal, especially when the tax savings and environmental impact are concerned.
Read the August 2016 Washington Post article regarding deconstruction here.