I’ve heard that leaving one wall up like this classifies a construction project as a renovation. I’m guessing this was done because it was cheaper or it’s in a historic district? Idk
I’ve heard the same. If a property is ‘renovated’, it retains the same value, tax wise, no matter how much larger the renovated building is.
Not sure how this plays out with a formerly tax exempt property like a church once it get converted into a non-tax exempt property such as a residential apartment building.
I’ve heard that leaving one wall up like this classifies a construction project as a renovation. I’m guessing this was done because it was cheaper or it’s in a historic district? Idk
If that’s renovation anything can be called renovation.
in old towns, unless the construction method itself has historical importance, they just keep the facade and build behind.
I’ve heard the same. If a property is ‘renovated’, it retains the same value, tax wise, no matter how much larger the renovated building is.
Not sure how this plays out with a formerly tax exempt property like a church once it get converted into a non-tax exempt property such as a residential apartment building.